Daily equity report

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY EQUITY REPORT 28TH AUGUST 2014

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report

INDIAN FACE

INDIAN MARKET INDICES

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SENSEX

26560.15

26442.81

NIFTY

7936.05

7904.75

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INDIAN EQUITY BENCHMARK rose to a record closing high as expectations of further monetary stimulus in the Euro zone raised hopes of continued foreign inflows.

ASIAN MARKET INDICES

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NIKKEI

15534.82

15521.22

HANG SENG

24918.75

25074.50

KOSPI

2074.93

2068.05

SECTORIAL INDICES INDICES

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CHANGE (%)

CNX 100

7868.30

0.36

S&P CNX 500

6355.15

0.42

CNX MIDCAP

11159.75

0.33

CNX 200

4032.45

0.39

BANK NIFTY

15717.65

0.60

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Further, Tech Mahindra is talks to acquire firms to further enhance its geographical reach competence in order to reach its goal of $5 billion by CY2015.

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Shares of defence equipment makers rose after the government notifies increase in FDI limit to 49% through approval route in the defence sector.

GLOBAL FACE 

Asian stock markets took a cue from Wall Street and gained with the Nikkei 225 up 0.4% on a slightly stronger dollar and

TOP GAINERS

gains in technology shares.

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CHANGE (%)

INDUSIND BK

580.80

3.27

JINDAL STEEL

244.30

3.12

as markets took a breather after the recent rally in European

HCL TECH

648.95

2.96

equity markets due to recent comments by European Central

ONGC

428.90

2.61

Bank President Mario Draghi.

TOP LOSERS

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CHANGE (%)

DLF

183.05

-4.49

BHEL

229.00

-1.72

SSLT

277.00

-1.39

IDFC

141.25

-1.36

European stocks markets were steady to lower in light trade,

U.S. stocks market rose after data revealed Americans bought more long-lasting manufactured goods last month than markets were expecting, while upbeat consumer confidence data boosted equities as well.

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report MARKET MOVERS UPSIDE

TCS

2549.95

CHANGE (%) 0.64

ONGC

428.15

2.43

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RELIANCE

993.70

COAL INDIA

358.55

0.04 0.55

NIFTY SPOT S3 7872

TREND

STRATEGY

BULLISH

BUY ON DIPS

S2 7902

PIVOT POINTS P R1

S1

7919

7933

7949

SUPPORT S1-7915 S2-7860

NIFTY

R2

R3

7963

7993

RESISTANCE R1-7950 R2-7970

MARKET MOVERS DOWNSIDE SCRIPT

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ITC

352.35

CHANGE (%) [0.03]

HDFC BANK

836.60

[0.7]

SUN PHARMA

862.40

[0.29]

BHARTI AIRTL

369.00

[0.16]

FII & DII ACTIVITY INSTITUTION

NET BUY (CR.)

NET SELL (CR)

FII

5200.31

5007.75

DII

1252.79

1207.08

NSE TOTALS

BANK NIFTY FUTURE TREND BULLISH PIVOT POINTS S3

INDICES

ADVANCES

DECLINES

NIFTY

32

18

BANK NIFTY

8

4

STRATEGY BUY ON DIPS

15522

S2

S1

P

R1

15621

15679

15719

15778

BANK NIFTY

SUPPORT S1-15510 S2-15450

R2

R3

15818 15917 RESISTANCE R1-15760 R2-15975

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report r

MARKET TALKS

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sales by the year 2020 and also reiterated its target to derive 10%

Supreme Court directs DLF to pay Rs 630 cr penalty

of the volumes from exports. The company had sold 6.2 million units in FY 2014.

Supreme Court directed realty major DLF to submit Rs 630 crore within three months. The company will be submitting undertaking of interest of 9 percent on Rs 630 crore fine. DLF pleaded that it

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should be granted at least six months time to deposit the amount.

Tata Global plans to give thrust to its water business

However, the bench said it was inclined to grant three months time Tata Global Beverages is planning to give a thrust to its water

only.

business with a goal to take the segment's contribution to

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company's revenues to 10% from 1% currently positive in long run,

Liberty Shoes to consolidate biz in 3 phases Liberty Shoes is likely to undertake a consolidation exercise to increase operational efficiencies and eliminate royalty. The

no near term addition to earnings.

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Bajaj Auto up 2%, Deutsche Bank upgrades to hold from sell

consolidation will possibly complete in three years in three different phases. The company will merge with partnership firms, Liberty

Shares of Bajaj Auto gained as much as 2 percent on hopes of

Enterprises & Liberty Group Marketing Division and is likely to

strong growth in premium motorcycles business. Deutsche Bank

acquire 10 sub-brands, distribution network, manufacturing facilities

upgraded the stock to hold from sell earlier with a 17 percent

of partnership firms.

increase in target price to Rs 2100 apiece. The rating upgrade by brokerage was on the bank of likely market share gains for Bajaj in

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Hero Moto Corp aims to sell 12 million units by 2020

domestic motorcycles.

Hero Moto Corp management has set a target of 12million unit

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