CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 21ST january 2015
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
INDICES
CLOSE
PREVIOUS
SENSEX
28784.67
28,262.01
NIFTY
8695.60
8550.70
INDIAN EQUITY BENCHMARK indices Sensex and the Nifty ended at fresh record closing highs led by financials and
ASIAN MARKET
index heavyweight ITC while metal stocks surged after
INDICES
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PREVIOUS
better-than-expected fourth quarter economic growth from
NIKKEI
17,366.30
17,014.29
China.
HANG SENG
23,951.16
23,738.49
KOSPI
1,918.31
1,902.62
Further, Suven Life Sciences surged 6.28% on BSE after the company said it has secured a total of four product patents
SECTORIAL INDICES
one each in Australia & Hong Kong and two product patents
INDICES
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CHANGE (%)
CNX 100
8,695.60
1.69
S&P CNX 500
7080.65
1.27
CNX MIDCAP
12,949.85
0.36
tyre major MRF is in advanced talks to buy the company's
CNX 200
4,482.40
1.34
tyre unit in Uttrakhand.
BANK NIFTY
19,767.05
1.86
from Japan.
Kesoram Industries locked 20% upper circuit on reports that
GLOBAL FACE
TOP GAINERS SCRIPT
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CHANGE (%)
SSLT
204.50
5.88
HDFC
1,250.00
5.78
TATASTEEL
403.00
4.74
5.6%. In its World Economic Outlook Update, IMF pegged the
AXISBANK
552.15
4.39
country's growth rate at 6.5% for 2016-17..
TOP LOSERS
to 6.3% for 2015-16 against 6.4% made in October last year, while retaining the forecast for the current financial year at
SCRIPT
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CHANGE (%)
GAIL
429.00
-2.62
TATAPOWER
81.85
-1.15
DRREDDY
3300.00
-0.72
POWERGRID
146.90
-0.64
IMF has slightly cut projections for India's economic growth
European shares touched new seven-year highs after data showed China's economic growth slowed less than feared and on expectations the European Central Bank will launch a quantitative easing programme later this week.
US stock index futures poised for a higher opening at the Wall Street on Tuesday.
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report MARKET MOVERS UPSIDE
NIFTY SPOT
SCRIPT
CLOSE
ONGC
350.30
CHANGE (%) 0.81
ITC
371.10
3.43
S3
S2
S1
8392
8525
8610
RELIANCE
903.05
2.66
HDFC BANK
1020.95
1.63
TREND
STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS P R1 R2
8659
8744
SUPPORT S1-8625 S2-8575
NIFTY
8792
R3
8926
RESISTANCE R1-8735 R2-8815
MARKET MOVERS DOWNSIDE SCRIPT
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TCS
2500.45
CHANGE (%) [0.42]
MARUTI
3605.55
[0.57]
M&M
1325.25
[0.52]
POWER GRID
147.40
[0.3]
FII & DII ACTIVITY INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
4796
3520.41
DII
1517.7
2279.3
BANK NIFTY FUTURE TREND BULLISH PIVOT POINTS S3
NSE TOTALS
18946
INDICES
ADVANCES
DECLINES
NIFTY
37
13
BANK NIFTY
10
2
STRATEGY BUY ON DIPS
S2
S1
P
R1
19334
19574
19722
19963
BANK NIFTY
SUPPORT S1-19490 S2-19125
R2
R3
20111
20499
RESISTANCE R1-19875 R2-20095
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r
MARKET TALKS
Ramky Infra bags Rs209.89 crore
order
that the Indian defence sector offer. It already supplying
worth
paramilitary ambulances to the armed forces since the last year.
Ramky Infrastructure announced that the JV (70% holding Ramky
Infrastructure) has been awarded the project worth Rs209.89 for
RBI asks banks to review base rate every quarter
rehabilitation and upgradation of NH-43 from 180km to 241km to two lane with paved shoulder in the state of Chattisgarh under NHDP-IV
RBI has asked banks to notify the base rate, at least once in
through EPC route by Ministry of Road Transport & Highways. The
every three months based on cost of funds, a move seen as a
development is positive for Ramky Infrastructure.
nudge to lenders to pass on changes in policy rate to borrowers. At present, the review of the base rate does not have a fixed
Reliance Communications equity shares
schedule. While banks have the freedom to calculate cost of
allots
funds the methodology should be reasonable reasonable and transparent provided and consistent.
Reliance Communications announced that the Committee of Directors at their meeting held on Jan 20, 2015 have allotted 8,66,66,667 equity shares to Telecom Infrastructure Finance (TIFPL),
MRF in talks to buy Kesoram Industries tyre unit
a Promoter Group company, against Warrants issued to them. As a result, the Promoter Group's holding has gone up to 59.70% from
MRF, which is India’s largest tyre manufacturer, is in discussion
existing 58.25%.
with Birla group company Kesoram Industries to acquire its tyre unit branded as Birla Tyres. Kesoram Industries had earlier
Force Motors sets sights on defence sector
decided to restructure its businesses and hive off the tyre division to reduce the debt on books. Birla Tyres has two manufacturing facilities one in Orissa and the other in Uttrakhand which has an
Force Motors Limited, is actively looking at tapping the huge potential
excise duty benefit till 2019.
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