Daily Equity Market Report-03 Feb 2015

Page 1

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY EQUITY REPORT 3rd february 2015


CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report INDIAN MARKET

INDIAN FACE

INDICES

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PREVIOUS

SENSEX

29122.27

29182.95

NIFTY

8797.40

8808.90

INDIAN EQUITY BENCHMARK closed lower as caution prevailed a day before the RBI policy review. Further, slower

ASIAN MARKET

growth in Indian factory activity dampened market

INDICES

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sentiment. A mixed trend was observed among the rate

NIKKEI

17,558.04

17,674.39

sentive stocks in today’s trade ahead of the RBI monetary

HANG SENG

24,484.74

24,507.05

KOSPI

1,952.68

1,949.26

SECTORIAL INDICES

policy due tomorrow

Further, Eicher Motors rose 1.75%, after the company said that its subsidiary VE Commercial Vehicles' total sales rose

INDICES

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CHANGE (%)

CNX 100

8,798.20

0.04

S&P CNX 500

7,172.90

0.09

CNX MIDCAP

13,207.65

0.64

muted growth in total vehicles sales in January 2015 over

CNX 200

4,544.40

0.05

January 2014.

BANK NIFTY

19865.90

0.11

25.1% to 3,262 units in January 2015 over January 2014.

TVS Motor Company fell 7.11%, after the company reported

GLOBAL FACE

TOP GAINERS SCRIPT

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CHANGE (%)

HCL TECH

1893.65

5.69

AXIS BANK

620.90

5.58

HINDALCO

145.20

3.94

showed activity in China's factory sector unexpectedly shrank

WIPRO

626.70

3.32

for the first time in nearly 2-1/2 years in January.

TOP LOSERS

activity raised concerns about the world's second-largest economy. Hong Kong shares inched down after surveys

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CHANGE (%)

ASIANPAINT

808.95

-5.69

BHARTIARTL

360.70

-3.48

DRREDDY

3137.00

-2.98

ACC

1,515.30

-2.89

Asian stocks, after the latest gauge of China's factory sector

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.


CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report MARKET MOVERS UPSIDE

NIFTY SPOT

SCRIPT

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TCS

2514.20

CHANGE (%) 1.3

HDFC BANK

1081.60

0.39

S3

S2

S1

1269.30

0.54

8617

8706

8752

929.10

1.24

HDFC SUNPHARMA

TREND

STRATEGY

BULLISH

BUY ON DIPS PIVOT POINTS P R1 R2

8796

8841

SUPPORT S1-8750 S2-8705

NIFTY

8886

R3

8975

RESISTANCE R1-8950 R2-9015

MARKET MOVERS DOWNSIDE SCRIPT

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ONGC

349.85

CHANGE (%) [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

BANK NIFTY FUTURE TREND BULLISH PIVOT POINTS S3

19111

INDICES

ADVANCES

DECLINES

NIFTY

22

28

BANK NIFTY

8

4

STRATEGY BUY ON DIPS

S2

S1

P

R1

19549

19800

19986

20238

BANK NIFTY

SUPPORT S1-19700 S2-19520

R2

R3

20423

20861

RESISTANCE R1-20350 R2-20600


CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report r

MARKET TALKS

Ended December 31, 2014 (YoY):Net Profit rose by 108.93% to

Gabriel India dips 4% as Q3FY15 PAT comes below estimates

Rs196.34 crore Vs Rs93.97 crore (YoY).Total Income increased by 41.91% to Rs1216.88 crore Vs Rs857.47 crore (YoY).

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

M&M January 2014 auto division volumes ahead of estimates

Q3FY15 faltered. The revenue growth at 5.9% YoY was below our estimates. EBITDA margins for the quarter were flat sequentially at

M&M Jan 2014 auto division volumes ahead of estimates; tractor

8.0% (120BPS YoY expansion).

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,

Dabur India up as Nomura raises target price

although down 5% YoY, grew by 8.6% of a sequential basis and were above our estimates.

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

Government releases estimates of GDP

revised

consistent and profitable performance - Nomura Securities Government releases revised estimates of GDP with new base year. The central statistics office CSO has come out with a new

Bharat Forge reports strong earnings; Net Profit at 196 cr

Q3

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

Bharat Forge has announced the following Q3 results for the quarter

changes in the economy.

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