Daily equity report

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

CapitalStars Financial Research Pvt. Ltd.

Tel.: +91 731 679 00 00 , 666 99 00,

E-mail : [email protected],

Plot No. 12, Scheme No. 78, Part – II,

Vijay Nagar, INDORE 452010 (M.P)

DAILY EQUITY REPORT

28THjuly 2014



Tel.: +91 731 679 00 00 , 666 99 00,




Daily Equity Report

INDIAN MARKET INDIAN FACE

INDIAN EQUITY BENCHMARK fell after hitting a record high

for a third straight day as investors booked profits after

majority of the quarterly earnings announced by corporate Inc

disappointed.

Further, Indian Bank first quarter (April-June) net profit

falling 34.8 percent to Rs 207.1 crore on account of lower other

income. Profit in the year-ago period was Rs 317.4 crore.

ICICI Bank is expected to raise at least Rs 500 crore (USD 83.24

million) via 10-year bonds intended towards infrastructure

lending at a semi-annual coupon of 9.15 percent.

GLOBAL FACE

Asian stock markets were mixed in early trade with Tokyo up

on inflation data in line with expectations.

European stock markets were declined, despite positive

German consumer climate data as markets awaited the release

of a report on the German business climate due later in the

trading session.

U.S. stock markets pointed to a lower, as Thursday's strong U.S.

jobless claims report fuelled speculation over the timing of a

possible rate hike by the Federal Reserve.

INDICES CLOSE PREVIOUS

SENSEX 26126.75 26271.85

NIFTY 7790.45 7830.60

ASIAN MARKET

INDICES CLOSE PREVIOUS

NIKKEI 15457.87 15284.42

HANG SENG 24216.01 24141.50

KOSPI 2033.85 2026.62

SECTORIAL INDICES

INDICES CLOSE CHANGE (%)

CNX 100 7701.90 -0.65

S&P CNX 500 6230.45 -0.77

CNX MIDCAP 10788.35 -1.28

CNX 200 3950.00 -0.68

BANK NIFTY 15322.25 -1.37

TOP GAINERS

SCRIPT CLOSE CHANGE (%)

SUN PHARMA 782.75 4.62

LUPIN 1128.00 3.07

HUL 662.00 2.97

ASIAN PAINT 638.00 2.89

TOP LOSERS

SCRIPT CLOSE CHANGE (%)

TATAMOTORS 457.25 -5.77

CARIN 308.20 -4.43

DLF 204.45 -4.42

WIPRO 551.40 -4.41



Tel.: +91 731 679 00 00 , 666 99 00,




Daily Equity Report r

MARKET MOVERS UPSIDE NIFTY SPOT TREND STRATEGY

BULLISH BUY ON DIPS PIVOT POINTS

S3 S2 S1 P R1 R2 R3

7608 7700 7745 7793 7838 7885 7975

NIFTY SUPPORT RESISTANCE S1-7750 R1-7850 S2-7700 R2-7880

BANK NIFTY FUTURE

TREND STRATEGY

BULLISH BUY ON DIPS PIVOT POINTS

S3 S2 S1 P R1 R2 R3

14726 15082 15229 15439 15586 15796 16153

BANK NIFTY SUPPORT RESISTANCE

S1-15295 R1-15650 S2-15110 R2-15725

SCRIPT CLOSE CHANGE

(%) TCS 2605.75 0.4

ITC 357.30 0.2

HDFC 1067.75 3.0

SUN PHARMA 782.20 4.5

MARKET MOVERS DOWNSIDE

SCRIPT CLOSE CHANGE

(%) ONGC 401.10 [0.9]

RELIANCE 1021.85 [1.8]

COAL INDIA 377.00 [2.1]

HDFC BANK 835.50 [0.8]

FII & DII ACTIVITY

INSTITUTION NET BUY

(CR.) NET SELL

(CR)

FII 5200.31 5007.75

DII 1224.83 15151.18

NSE TOTALS

INDICES ADVANCES DECLINES

NIFTY 16 34

BANK NIFTY 1 11



Tel.: +91 731 679 00 00 , 666 99 00,




Daily Equity Report r

MARKET TALKS

declined by 10 percent to Rs 306 crore from Rs 341 crore in

corresponding quarter of last fiscal. However, total income was up

by 6 percent to Rs 2,015.8 crore from Rs 1,891.3 crore, Y-o-Y.

Allahabad Bank Q1 net profit tanks 73% but NII rises 23% Allahabad Bank reported a 72.7 percent decline in net profit at Rs

112.7 crore in April-June quarter compared to Rs 413 crore in same

quarter last year on account of higher provisions, tax cost and fall in

other income but net interest income growth was very strong.

Provisions spiked 33.3 percent quarter-on-quarter and 91 percent

year-on-year to Rs 852 crore in the quarter ended June 2014.

Glenmark surges 6%; Macquarie

maintains outperform post Q1

Glenmark reported 43.7 percent jump in consolidated net profit at

Rs 184.8 crore for the first quarter ended June 30,

2014.Consolidated net sales of the company rose by 19.38 percent

to Rs 1,477.8 crore during the quarter under review, as against Rs

1,237.8 crore in the same period of previous fiscal.

PNB Q1 profit beats forecast, up 10% but asset quality weak Punjab National Bank net profit jumped 10.2 percent on yearly basis

to Rs 1,405 crore on account of fall in provisions but decline in other

income limited the profitability .The asset quality worsened during

April-June quarter of current financial year 2014-15. The bank

reported growth in profit for the first time in last four quarters.

. UCO Bank Q1 profit up 2%, other

income falls significantly UCO Bank has reported a net profit of Rs 520 crore in the first

quarter of current financial year, increased compared to Rs 511

crore in same quarter last year on account of significant fall in other

income that was the reason behind fall in share price. Tax expenses

shot up nearly 14 times at Rs 163.5 crore in June quarter compared

to Rs 12 crore in corresponding quarter of previous financial year. Shriram Transport Finance Q1 PAT

drops 10% to Rs 306 cr Shriram Transport Finance Corporation April-June quarter net profit

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any

responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through

our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment

advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary

authority over your trading or investment accounts.

All rights reserved.

DISCLAIMER

Daily equity report

Documents

Transcript of Daily equity report