The daily equity report from CapitalStars Financial Research Pvt. Ltd provides an overview of the Indian and global markets. In India, key indices like the Sensex and Nifty fell from recent record highs as financial firms declined on concerns over delays to an insurance bill. Cox & Kings raised Rs. 1000 crore through a share issue to reduce debt. Globally, Asian shares started trading a new index and European shares paused after recent gains. In the US, futures pointed to small gains continuing the market's upward trend.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 26th November 2014

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK fell , retreating from a record high hit earlier in the session as financial firms slumped on worries parliament would delay an insurance bill, while new rules for offshore derivatives raised worries over foreign flows.
 Further, Dr Reddy's has launched Docetaxel injection USP 20 mg/mL and 80 mg/4 mL, in the US market. Taxotere (docetaxel) is a cancer medication that interferes with the growth and spread of cancer cells in the body.
 Cox & Kings raises Rs1000crore through QIP issue. The shares were sold at Rs305 per share and 90%of it was lapped up by foreign institutional investors. Money raised will be utilized to reduce debt on books; positive for the stock.
GLOBAL FACE
 Asian shares Osaka Exchange started trading of the JPX-Nikkei Index 400 futures amid increasing interest from foreign investors seeking long-term investment in companies with a relatively high return on equity.
 European shares marked time after a two-day rise that left some key regional indexes in "overbought" territory on a technical basis.
 U.S. stock index futures were slightly higher on Tuesday as the market's long-running upward bias looked to continue.
INDICES
CLOSE
PREVIOUS
SENSEX
28338.05
28,499.54
NIFTY
8471.20
8530.15 ASIAN MARKET
INDICES
CLOSE
PREVIOUS
NIKKEI
17,407.62
17,357.51
HANG SENG
23,843.91
23,893.14
KOSPI
1,980.21
1,978.54 SECTORIAL INDICES
INDICES
CLOSE
CHANGE (%)
CNX 100
8,415.75
-0.90
S&P CNX 500
6,810.45
-1.02
CNX MIDCAP
12,124.35
-1.41
CNX 200
4,319.00
-0.98
BANK NIFTY
18,037.05
-1.34 TOP GAINERS
SCRIPT
CLOSE
CHANGE (%)
BHEL
265.50
3.05
ZEEL
393.80
2.19
HINDUNIL
765.50
2.05
CIPLA
628.50
1.67 TOP LOSERS
SCRIPT
CLOSE
CHANGE (%)
ITC
356.15
-5.01
DLF
141.70
-3.93
NMDC
140.50
-3.77
KOTAKBANK
1,159.00
-3.40

3. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report MARKET MOVERS UPSIDE
NIFTY SPOT TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
8264
8370
8416
8475
8522
8581
8687 NIFTY SUPPORT RESISTANCE
S1-8410
R1-8545
S2-8325
R2-8610 BANK NIFTY FUTURE TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
17521
17826
17943
18131
18248
18436
18741 BANK NIFTY SUPPORT RESISTANCE
S1-17975
R1-18340
S2-17800
R2-18395
SCRIPT
CLOSE
CHANGE (%)
ONGC
386.45
1.46
RELIANCE
993.00
0.78
INFOSYS
4303.20
0.66
HDFC BANK
953.55
0.88 MARKET MOVERS DOWNSIDE
SCRIPT
CLOSE
CHANGE (%)
TCS
2636.00
[0.82]
ITC
355.40
[5.21]
SBIN
304.45
[1.42]
ICICI BANK
1737.25
[2.03] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
13086.79
11917.85
DII
2030.27
2762.39 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
16
34
BANK NIFTY
1
11

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
Has won a three and a half year contract worth Rs44 crore from UP Police for surveillance system in Lucknow City. The deal is insignificant as compared to M&M’s operations and hence no impact is expected on the stock.
 ITC hikes prices of Gold Flake Superstar cigarette
ITC hiked prices of Gold Flake Superstar (64 MM) cigarette prices by ~36% to Rs38 for pack of 10 cigarettes to mitigate the impact of 72% excise duty hike in sub 65 mm cigarettes – will affect the sales volume of small size cigarette initially (5-6% of ITC’s cigarette sales volume); but also reduces the price gap between Small size and
 RBI planning more measures for NBFCs
RBI is considering measures for NBFCs, including more oversight and bringing state-owned firms under central bank supervision. Other measures being considered include a review of regulations of NBFCs within the microfinance sector and a system for tackling customer complaints. the RBIs statement suggests tightening of norms for govt owned NBFCs which would be negative for these companies.
 Siemens Q4 PAT at Rs. 603.2 crore
Siemens registered new orders of Rs. 10,323.8 crores compared to Rs. 10, 957.3 crores in FY2013. Sales stood at Rs. 10,44.8 crores in FY2014, compared to Rs 11,145.2 crores in FY2013. Volumes registered a decline of 6% as infrastructure spending continued to be sluggish and high interest rates continued to impact fresh CAPEX projects in the Manufacturing Sectors.
 ICICI Bank slips on profit-taking
ICICI Bank so far is top loser among banks in the Sensex 30 stocks. The stock plunged to a low of Rs. 1,725, and is now down 2.2 per cent at Rs. 1,733.The stock had rallied 5 per cent in the last two trading sessions to a record closing high of Rs. 1,773 after the bank announced the record date for the proposed stock split .The bank has set December 5, 2014, as the record date to determine eligible shareholders for the stock split.
 M&M arm wins contract worth Rs44 crore
Mahindra Defence System, a wholly owned subsidiary of M&M,
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary authority over your trading or investment accounts. All rights reserved.
DISCLAIMER