The daily equity report from CapitalStars Financial Research provides an overview of the Indian and global stock markets. In India, key stock indices closed lower due to concerns ahead of the upcoming RBI policy review and slower growth in factory activity. Selected automobile companies such as Eicher Motors rose while TVS Motor fell. In Asia, Chinese factory data raised concerns and stocks declined, while European markets also fell. US futures pointed to a lower open. The report provides sector index performance, notable stock gainers and losers, and commentary on company earnings news.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT
3rd
february 2015

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK closed lower as caution
prevailed a day before the RBI policy review. Further, slower
growth in Indian factory activity dampened market
sentiment. A mixed trend was observed among the rate
sentive stocks in today’s trade ahead of the RBI monetary
policy due tomorrow
 Further, Eicher Motors rose 1.75%, after the company said
that its subsidiary VE Commercial Vehicles' total sales rose
25.1% to 3,262 units in January 2015 over January 2014.
 TVS Motor Company fell 7.11%, after the company reported
muted growth in total vehicles sales in January 2015 over
January 2014.
GLOBAL FACE
 Asian stocks, after the latest gauge of China's factory sector
activity raised concerns about the world's second-largest
economy. Hong Kong shares inched down after surveys
showed activity in China's factory sector unexpectedly shrank
for the first time in nearly 2-1/2 years in January.
 Spanish and Italian shares led European equity indexes lower
as investors grew more worried about the possible
ramifications of Greece's debt negotiations over the rest of the
periphery.
 US stock index futures poised for a lower opening at the Wall
Street on Monday.
INDICES CLOSE PREVIOUS
SENSEX 29122.27 29182.95
NIFTY 8797.40 8808.90
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 17,558.04 17,674.39
HANG SENG 24,484.74 24,507.05
KOSPI 1,952.68 1,949.26
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 8,798.20 0.04
S&P CNX 500 7,172.90 0.09
CNX MIDCAP 13,207.65 0.64
CNX 200 4,544.40 0.05
BANK NIFTY 19865.90 0.11
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
HCL TECH 1893.65 5.69
AXIS BANK 620.90 5.58
HINDALCO 145.20 3.94
WIPRO 626.70 3.32
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
ASIANPAINT 808.95 -5.69
BHARTIARTL 360.70 -3.48
DRREDDY 3137.00 -2.98
ACC 1,515.30 -2.89

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
8617 8706 8752 8796 8841 8886 8975
NIFTY
SUPPORT RESISTANCE
S1-8750 R1-8950
S2-8705 R2-9015
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
19111 19549 19800 19986 20238 20423 20861
BANK NIFTY
SUPPORT RESISTANCE
S1-19700 R1-20350
S2-19520 R2-20600
SCRIPT CLOSE
CHANGE
(%)
TCS 2514.20 1.3
HDFC BANK 1081.60 0.39
HDFC 1269.30 0.54
SUNPHARMA 929.10 1.24
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
ONGC 349.85 [0.43]
RELIANCE 908.05 [0.79]
ITC 360.65 [2.14]
SBIN 307.50 [0.47]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 5639.15 6269.12
DII 1747.14 1971.21
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 22 28
BANK NIFTY 8 4

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
r
MARKET TALKS
Ended December 31, 2014 (YoY):Net Profit rose by 108.93% to
Rs196.34 crore Vs Rs93.97 crore (YoY).Total Income increased
by 41.91% to Rs1216.88 crore Vs Rs857.47 crore (YoY).
 M&M January 2014 auto division
volumes ahead of estimates
M&M Jan 2014 auto division volumes ahead of estimates; tractor
dispatches in-line with estimates. Mahindra & Mahindra
automotive division volumes for January 2015 were down 6.5%
YoY to 39,930 units. The passenger vehicle segment volumes,
although down 5% YoY, grew by 8.6% of a sequential basis and
were above our estimates.
 Government releases revised
estimates of GDP
Government releases revised estimates of GDP with new base
year. The central statistics office CSO has come out with a new
series of national accounts with 2011-12 as base year for
computing economic growth rate. Post the revision, FY14 GDP
growth stands at 6.9% (from 4.7%) and FY13 at 5.1%.This
changes are done once in five years to keep pace with the
changes in the economy.
 Gabriel India dips 4% as Q3FY15 PAT
comes below estimates
Shares of Gabriel India dropped 4% to Rs100 on NSE post Q3FY15
results as topline disappoints; PAT below estimate. After growing at
nearly 20% in H1FY2015, the topline growth for Gabriel India in
Q3FY15 faltered. The revenue growth at 5.9% YoY was below our
estimates. EBITDA margins for the quarter were flat sequentially at
8.0% (120BPS YoY expansion).
 Dabur India up as Nomura raises
target price
Shares of Dabur India rose over 2%, touching to Rs262.8, after
Nomura raises price target to Rs296 from Rs251, retains ' Buy' rating.
Diversified portfolio of the company should continue to deliver
consistent and profitable performance - Nomura Securities
 Bharat Forge reports strong Q3
earnings; Net Profit at 196 cr
Bharat Forge has announced the following Q3 results for the quarter
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