The daily equity report from CapitalStars Financial Research Pvt. Ltd. summarizes the performance of the Indian stock market on February 23rd, 2015. It notes that the Sensex and Nifty indexes snapped seven-day winning streaks due to selling in energy and IT shares, with Reliance Industries being the top loser. Globally, Asian shares rose while European shares were steady. The report provides closing numbers for various indices and lists the top gainers and losers by share price change. It also analyzes trends in the market and provides commentary on news affecting various companies and sectors.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT
23RD
february 2015

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK snapped seven day winning
streak on sustained selling in energy and IT shares with
Reliance Industries contributing the most to the decline on
reports that one of its employees was arrested by the Delhi
Police for illegally sourcing government documents.
 Reliance Industries emerged as the top Sensex loser down 3%
amid reports that one of its employees was arrested by the
Delhi Police for illegally sourcing government documents.
 Sunil Hitech Engineers advanced 3.78% after the company
bagged an order from Kanpur Development Authority for the
construction and development work of houses in Kanpur.
GLOBAL FACE
 Asian shares rose to a fresh 15-year high and the dollar was
on the front foot again on upbeat US data, but continuing
uncertainty over the weighed on the euro.
 European shares were steady morning, with a benchmark
index hovering just below a seven-year high, ahead of a
meeting of euro zone finance ministers on Greece's bailout
programme.
 US stock index futures poised for a higher opening at the Wall
Street on Friday.
INDICES CLOSE PREVIOUS
SENSEX 29231.41 29462.27
NIFTY 8833.60 8895.30
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 18,332.30 18264.79
HANG SENG 24,832.08 24,784.88
KOSPI 1,961.45 1,958.23
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 8,822.45 -0.59
S&P CNX 500 7206.60 -0.50
CNX MIDCAP 13,191.70 -0.08
CNX 200 4,559.55 -0.55
BANK NIFTY 19050.30 -0.72
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
BHEL 276.00 5.42
BNK BARODA 183.65 2.86
ITC 397.85 2.21
INDUSINDBNK 872.20 1.71
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
RELIANCE 872.80 -3.24
ICICI BNK 330.45 -2.39
HCL TECH 2000.00 -2.35
TATAPOWER 86.30 -2.27

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
8682 8766 8799 8849 8883 8933 9017
NIFTY
SUPPORT RESISTANCE
S1-8820 R1-8945
S2-8765 R2-8975
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
18229 19109 19259 19372 19522 19634 19897
BANK NIFTY
SUPPORT RESISTANCE
S1-18915 R1-19485
S2-18805 R2-19595
SCRIPT CLOSE
CHANGE
(%)
ITC 396.05 1.75
TATAMOTORS 579.90 0.58
M&M 1252.00 0.17
LUPIN 1691.35 0.29
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
TCS 2675.55 [0.21]
RELIANCE 873.10 [3.21]
ONGC 330.70 [0.82]
HDCF BNK 1073.05 [0.63]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 3319.02 3408.43
DII 1722.37 1517.52
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 15 35
BANK NIFTY 7 5

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
r
MARKET TALKS
Pharmaceuticals to the Cabinet Committee on Economic Affairs,
headed by Prime Minister Narendra Modi,to raise the cap of
foreign institutional investor (FII) holding to 49 per cent, from
35.07 per cent at present.
 BEL to get revenues from supply of
Akash Missile system
Bharat Electronics to get revenues of Rs3000-4,000 crore over 2
to 4 years from supply of Akash Missile system – Positive for
BEL. The total order size of Akash Missile Systems from the
Army placed with Bharat Dynamics Limited (BDL will be the main
integrator for the Missile System) is said to be in the order of
Rs14,000 crore of which BEL share will be around Rs3000-4000
crore
 Union Bank of India gains after
CRISIL Ratings
Shares of Union Bank of India rose nearly 4% to Rs183.1, after
the bank said that CRISIL Ratings has assigned CRISIL AA rating
to the bank's proposed Basel III compliant Tier 1 perpetual bonds
of Rs2000 cr with a negative outlook .CRISIL has also revised its
 RBI toughens stance on monetary
policy transmission
RBI is getting tougher on extending unlimited credit to the banks to try
to ensure they push interest rate cuts through the financial system.
According to RBI, it reduces the effectiveness of its monetary policy
decisions as cheap funding rates for banks are not passed on to retail
and corporate borrowers at a time when the economy is only gradually
recovering from a slowdown.
 Government may relax LTC norms in
Budget to boost tourism
Government may relax LTC norms in Budget to boost tourism –
positive for Cox & Kings and Thomas Cook India. In order to give
boost to the domestic tourism sector, the government is likely to
expand the scope of LTA and LTC by including hotel.
 Glenmark, Aurobindo send FDI
proposal to CCEA
The FIPB has sent the proposal of Mumbai-based Glenmark
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