CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY EQUITY REPORT

6th January 2015

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report

INDIAN FACE

INDIAN MARKET
INDICES

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PREVIOUS

SENSEX

27842.32

27887.90

NIFTY

8378.40

8395.45

INDIAN EQUITY BENCHMARK edged lower on state-run

lenders fell on disappointment over a lack of significant

ASIAN MARKET

announcements after a two-day banking conclave attended

INDICES

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PREVIOUS

by Prime Minister Narendra Modi, while technology stocks

NIKKEI

17408.71

17450.77

also fell. The S&P BSE Se nsex and CNX Nifty ended 0.16%-

HANG SENG

23721.32

23857.82

KOSPI

1915.75

1926.44

0.20% lower each.

Further, Ashok Leyland rose 8.33%, after the company said

its total sales jumped 48% to 9,290 units in December 2014

SECTORIAL INDICES

over December 2013.

INDICES

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CHANGE (%)

CNX 100

8383.35

0.20

S&P CNX 500

6857.45

0.13

that the proposal of the company regarding the restructuring

CNX MIDCAP

12710.70

0.09

of its debt has been approved by the CDR Empowered Group

CNX 200

4333.95

0.17

of Corporate Debt Restructuring Cell.

BANK NIFTY

19017.40

0.21

TOP GAINERS

B L Kashyap and Sons surged 5.61%, after the company said

GLOBAL FACE

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CHANGE (%)

MARUTI

3448.00

2.63

TATA MOTORS

524.10

2.40

surveys released across Europe and Asia over the past week

TATA STEEL

417.95

1.75

curbed risk appetites.

LT

1559.00

1.59

TOP LOSERS

Asian stocks ended mixed amid choppy trade on the first

trading day of the week, as a raft of sluggish manufacturing

Worries over Greece's future in the euro zone kept shares

under pressure on even as fresh multi-year lows for the euro

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CHANGE (%)

DLF

135.45

-2.69

DRREDDY

3146.00

-2.34

BHARTIARTL

357.20

-2.15

HINDALCO

157.00

-1.94

and crude oil gave a boost to travel and consumer-goods

stocks.

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

ONGC

353.15

CHANGE
(%)
1.13

ITC

369.75

0.39

S3

S2

S1

0.21

8268

8354

8389

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ICICI BANK
SUNPHARMA

CLOSE

363.05
826.75

0.06

TREND

STRATEGY

BULLISH

BUY ON DIPS
PIVOT POINTS
P
R1

8440

8475

SUPPORT
S1-8405
S2-8355

NIFTY

R2

R3

8526

8612

RESISTANCE
R1-8520
R2-8595

MARKET MOVERS DOWNSIDE

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TCS

2540.25

CHANGE
(%)
[1.52]

RELIANCE

875.85

[1.1]

COAL INDIA

380.25

[0.39]

SBIN

312.75

[0.79]

FII & DII ACTIVITY

INSTITUTION

NET BUY
(CR.)

NET SELL
(CR)

FII

2569.89

2097.89

DII

1098.28

1674.02

BANK NIFTY FUTURE

TREND
BULLISH
PIVOT POINTS
S3

NSE TOTALS

18835

INDICES

ADVANCES

DECLINES

NIFTY

22

28

BANK NIFTY

STRATEGY
BUY ON DIPS

S2

S1

R1

R2

R3

19006

19073

19177

19244

19348

19519

BANK NIFTY

SUPPORT
S1-19105
S2-18950

RESISTANCE
R1-19295
R2-19415

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

Daily Equity Report

r

MARKET TALKS

Upside in near term even though the stock appears attractive on

Jindal Photo gains 4% on merger

plans
Jindal Photo surged 4% on the bourses on merger plan. The stock

fundamental basis.

opened at Rs219 and hit a high of Rs235.90 on NSE so far. A

L&T rises on securing orders worth

Rs4006 crore

meeting of the board of directors of the company will now be held

on Jan 12, 2015 to discuss and approve a Scheme of Arrangement

L&T rose nearly 2% after L&T Construction won orders worth

between the Company and Jindal Poly Films Limited. Earlier, on

Rs4006 crore in the month of December 2014 in both the domestic

Dec 29, 2014, the board of directors of the both the companies had

and international markets. The transportation infrastructure

deferred the aforesaid matter for further consideration

business secured orders worth Rs2053 crores, while the water &
renewable energy businesses secured new orders worth Rs729

crores. Further, Power Transmission & Distribution Business

Bharat Forge acquires French

company in Oil and Gas sector

secured new orders worth Rs668 crores. We continue to be positive

on L&T and retain our Buy rating with a target price of Rs1840.

Bharat Forge acquires French company in the Oil and Gas sector;
positive for Bharat Forge Indian forging major, Bharat Forge has
acquired 100% stake in Mecanique Generale Langroise (MGL),

Tata
Chemical
aims
nutraceuticals mfg facility

big

in

which is a France based company for Euro 11.8mn. MGL is into

precision machining and other high value processes such as

Tata Chemicals Limited, which is set to launch the Rs50-crore

cladding for critical oil and gas applications.

nutraceuticals manufacturing facility shortly, plans to introduce retail

products in this category in future. The plant initially will have a

LIC sells 2 lakh shares in Axis Bank

capacity of 300 tonnes annually and would scale up to 1,000

tonnes. The company will focus at making oligosaccharides,

Going ahead news on further dilution of SUUTI stake could cap

sweeteners, anti-obesity products through green routes

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