2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
INDIAN MARKET
INDIAN FACE
INDIAN EQUITY BENCHMARK ended lower for the second
straight session weighed down by Oil & Gas shares on
continued fall in crude oil prices over recent months.
Weakness in the China markets along with selling in the Index
heavyweights further dampened the sentiments of the
investors. Today was the expiry of December derivative
contracts.
Further, Manappuram Finance rose 1.39% after the
company's board of directors approved the acquisition of
70% stake in Asirvad Micro Finance, Chennai.
Nandan Denim jumped 9.81%, on media buzz that
Devkinandan Corporation LLP, one of the promoters of the
company, increased its stake in the company via open market.
GLOBAL FACE
Asian shares rose on, supported by record gains in US share
markets after stellar growth figures from the world's top
economy.
European shares inched up in a shortened session ahead of the
Christmas break, gaining ground for the seventh day in a row
and mirroring a rally on Wall Street fuelled by unexpectedly
strong U.S. economic growth data.
US stock index futures poised for a higher opening at the Wall
Street on Wednesday.
INDICES CLOSE PREVIOUS
SENSEX 27208.61 27,506.46
NIFTY 8174.10 8,267.00
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 17,854.23 17,635.14
HANG SENG 23,349.34 23,333.69
KOSPI 1,946.61 1,939.02
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 8,159.65 -0.98
S&P CNX 500 6,650.60 -0.78
CNX MIDCAP 12,240.10 0.09
CNX 200 4,207.90 -0.88
BANK NIFTY 18,535.35 -0.37
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
ULTRACEM 2,615.85 2.80
SSLT 206.00 0.86
ACC 1,391.55 0.72
ZEEL 381.50 0.70
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
GAIL 431.50 -3.54
DRREDDY 3,138.05 -2.13
HDFC 1,101.00 -2.08
NTPC 140.05 -2.03
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
7942 8074 8124 8205 8255 8336 8467
NIFTY
SUPPORT RESISTANCE
S1-8215 R1-8305
S2-8140 R2-8375
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
18200 18396 18466 18591 18661 18786 18982
BANK NIFTY
SUPPORT RESISTANCE
S1-18510 R1-18720
S2-18405 R2-18855
SCRIPT CLOSE
CHANGE
(%)
ICICI BANK 353.10 0.03
AXIS BANK 494.30 0.10
HCL TECH 1539.70 0.15
KOTAK BANK 1245.35 0.07
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
TCS 2479.90 [1.46]
ONGC 344.00 [2.29]
ITC 371.40 [0.87]
RELIANCE 884.15 [1.07]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 5112.98 7921.25
DII 2910.17 2401.08
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 15 35
BANK NIFTY 9 3
4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
r
MARKET TALKS
On buzz that the company is looking to raise funds upto Rs634
crore from foreign investors by April in an effort to infuse liquidity
into the cash-strapped shipbuilder.
Cabinet approves ordinance for
Insurance FDI; stocks rally
The Union Cabinet has approved the ordinance for Insurance FDI
and Coal block allocations. This is positive for insurers like Max
India, Bajaj Finserv, Reliance Capital; Exide.Shares of companies
engaged in insurance business rose by up 4% after the Union
Cabinet clears the Insurance Laws Amendment Bill.
GAIL, RCF, CIL and FCIL sign JVAs
to revive fertilizer plant at Talcher,
Odisha
GAIL along with Coal India Rashtriya Chemicals and Fertilizers
and Fertilizer Corporation signed joint venture agreements to set
up an integrated Coal Gasification cum Fertilizer and Ammonium
Nitrate Complex at Talcher in Odisha. The project comprises of
3,850 MTPD Urea plant, 2,700 MTPD Ammonia plant, 850 MTPD
Nitric Acid plant and 1,000 MTPD Ammonia Nitrate plant.
JP Associates board approves
disinvestment of two cement units
Jaiprakash Associates has announced that the Board of Directors of
the Company at its meeting held on December 23, 2014 has approved
the disinvestment of cement units to UltraTech Cement. The board
has approved the Memorandum of Understanding setting out the
broad terms and conditions of the proposed acquisition.The enterprise
value of this acquisition has been agreed at Rs5400 crore.
Essel Propack receives approval to
merge EP Lamitubes
Essel Propack received approval to merge EP Lamitubes (wholly
owned subsidiary of Essel Propack) from Bombay high court. The
merger will cut administrative cost related to overseas investments
and help improve profits. The company is also planning to undertake
more restructuring to improving profitability in near to medium term –
positive read through for the stock.
Bharati Shipyard surges in weak trend
Shares of Bharati Shipyard rose over 15%, touching to Rs38.75
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