Daily equity report

4
DAILY EQUITY REPORT 23 TH June 2014

Transcript of Daily equity report

Page 1: Daily equity report

DAILY EQUITY REPORT

23TH June 2014

Page 2: Daily equity report

Daily Equity Report

Phone: 0731-6790000 E-mail: [email protected]

INDIAN MARKET INDIAN FACE

INDIAN EQUITY BENCHMARK ended lower for the third

straight session as investors turned cautious amid tensions in

Iraq even as consumer durables shares stole the limelight

tracking rally in gold prices.

Further, Power Finance Corporation has received shareholders

approval for raising up to Rs 44,000 crore through issue of

securities in the current financial year.

Shares in United Spirits dipped almost 8% as lenders to the

UB-Group owned Kingfisher Airlines have invoked shares of

United Spirits that were pledged as collateral.

GLOBAL FACE

Asian stock markets held steady, showing stability after sharp

gains in the previous session

European stocks were steady, as the Federal Reserve's latest

policy statement continued to support market sentiment, while

concerns over ongoing violence in Iraq persisted.

U.S. stocks markets pointed to a steady, as the Federal Reserve's

most recent policy statement continued to support, but

investors remained cautious amid concerns over ongoing

violence in Iraq.

INDICES CLOSE PREVIOUS

SENSEX 25105.51 25201.80

NIFTY 7511.45 7540.70

ASIAN MARKET

INDICES CLOSE PREVIOUS

NIKKEI 15349.42 15361.16

HANG SENG 23194.06 23167.73

KOSPI 1968.07 1992.03

SECTORIAL INDICES

INDICES CHANGE (%)

CNX 100 7446.80 -0.37

S&P CNX 500 6038.60 -0.43

CNX MIDCAP 10574.55 -0.68

CNX 200 3826.40 -0.41

BANK NIFTY 14997.65 -0.46

TOP GAINERS

SCRIPT CLOSE CHANGE (%)

MCDOWELL-N 2695.00 3.61

CAIRN 371.75 1.32

AXIS BANK 1865.05 1.26

KOTAK BANK 935.00 1.23

TOP LOSERS

SCRIPT CLOSE CHANGE (%)

M&M 1140.05 -3.07

TATAPOWER 101.15 -2.69

HINDALCO 163.50 -2.53

BPCL 550.40 -2.49

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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP) OFFICE: - +91 731 6790000, MOB: +91 92000 99927, FAX: +91 731 6662222, EMAIL: [email protected]

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Daily Equity Report

r Capital stars Market Analysis & Research Team

MARKET MOVERS UPSIDE NIFTY SPOT TREND STRATEGY

BULLISH BUY ON DIPS PIVOT POINTS

S3 S2 S1 P R1 R2 R3

7396 7459 7485 7523 7548 7586 7649

NIFTY SUPPORT RESISTANCE S1-7495 R1-7560 S2-7465 R2-7605

BANK NIFTY FUTURE

TREND STRATEGY

BULLISH BUY ON DIPS PIVOT POINTS

S3 S2 S1 P R1 R2 R3

14652 14880 14973 15108 15200 15335 15563

BANK NIFTY SUPPORT RESISTANCE

S1-14945 R1-15385 S2-14710 R2-15500

SCRIPT CLOSE CHANGE

(%) TCS 2292.40 0.7

COAL INDIA 386.35 0.3

INFOSYS 3316.60 0.1

HDFC 969.05 0.1

MARKET MOVERS DOWNSIDE

SCRIPT CLOSE CHANGE

(%) ONGC 417.50 [0.8]

RELIANCE 1036.50 [0.5]

ITC 335.70 [0.2]

HDFC BANK 821.95 [0.5]

FII & DII ACTIVITY

INSTITUTION NET BUY

(CR.) NET SELL

(CR)

FII 5200.31 5007.75

DII 1213.19 1331

NSE TOTALS

INDICES ADVANCES DECLINES

NIFTY 12 38

BANK NIFTY 4 8

www.capitalstars.com *Equity *Derivatives *Commodity *Research

CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP) OFFICE: - +91 731 6790000, MOB: +91 92000 99927, FAX: +91 731 6662222, EMAIL: [email protected]

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Capital stars Market Analysis & Research Team

MARKET TALKS

much as 8 percent in on getting US Food and Drug Administration

approval for Eszopiclone tablets.

Diageo's Rs115bn bid to acquire an additional 26% in United Spirits Diageo's Rs115bn bid to acquire an additional 26% in United Spirits

is understood to have received phenomenal response. People who

are involved in the open offer process, as much as 68.6m shares

were tendered in as against the required 37.7m shares indicating a

acceptance ratio of 55%. Oil India signs MOU with Gazprom

EP Intl Oil India Limited signed an MOU with the Russian giant Gazprom

EP International BV the international subsidiary of M/s Gazprom.

Through this MoU the two companies will be evaluating pursuing

Exploration and Production opportunities jointly across the world.

The MoU also provides an option to the companies for technological

association.

Granules India ended higher by 3% Granules India ended higher by 3% to Rs 450, extending its past

four days rally, after the company said that its paracetamol facility at

Bonthapally in Andhra Pradesh has passed an inspection by the US

health regulator.

Titan surges 4% on gold rally,

bullish Bank of America report Shares in jewellery maker Titan Co Ltd surge 4.2 percent after a

rally in gold prices and on a bullish report by Bank of America Merrill

Lynch.Gold eased on profit-taking after posting its biggest one-day

rise in nine months, but the safe-haven metal was trading near April

highs and set for its best week in three months on geopolitical

tensions and a softer dollar.

Orchid Chemicals up 8% on USFDA nod for insomnia drug Shares of Orchid Chemicals and Pharmaceuticals rallied as

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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP) OFFICE: - +91 731 6790000, MOB: +91 92000 99927, FAX: +91 731 6662222, EMAIL: [email protected]

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