INDIAN BENCHMARKS: NEWS UPDATE

INDIAN BENCHMARKS  started the session on a flat to positive note as the global cues look supportive with SGX Nifty trading 27.50 points higher.

                                                                          

Headlines for the day:

• Glenmark gets USFDA nod for Betamethasone dipropionate

• Torrent Pharma commences operations at Dahej plant

• Orbit Exports Q2FY16 sees Weak topline; margin expansion strong

TODAY’SRESULTS: AUROPHARMA,BHEL,BANKBARODA,EICHER,IGL,M&M,PNB,ONGC,SAIL,SRF,SBI,VOLTAS

                                          

Trend in FII flows:   The FIIs were net  sellers of  Rs -991.87 Cr in the cash segment on  Thursday while the DIIs were net buyers of  Rs 636.15 Cr, as per the provisional figures released by the NSE.

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INDIAN BENCHMARKS: NEWS UPDATE

INDIAN BENCHMARKS are likely to start the session on a subdued note as the global cues look mixed with SGX Nifty trading 19 points lower.                                                           

                                                                          

Headlines for the day:

• Dr Reddy's to market Biocodex products in Romania 

• Ratnamani Metals Q2FY2016 earnings decline 34% YoY 

• Bata reports weak results with operating profit decline of 22.9% yoy

TODAY’S RESULTS : ARVIND, CIPLA, JUBLFOOD, TATASTEEL, TATAGLOBAL, CASTROLIND, CUMMINS

                                        

Trend in FII flows:   The FIIs were net  sellers of  Rs 33.16 Cr in the cash segment on  Wednesday while the DIIs were net buyers of  Rs -74.90 Cr, as per the provisional figures released by the NSE.

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CAPITALSTARS NEWS UPDATE - INDIAN BENCHMARKS

INDIAN BENCHMARKS: started the session on a positive note as the global cues look supportive with SGX Nifty trading 57 points higher.

  Events for the day:

  Nikkei India Service PMI Composite

 Headlines for the day:

•  JLR October 2015 US Retail volumes up an impressive 76.1% YoY
•  Brigade Enterprises net profit rise 87.5% YoY in Q2FY2016
•  Corporation Bank to write off Rs 532-cr loan to REI Agro

TODAY’S RESULTS : RELINFRA, ASHOKLEY, BATAINDIA, CANARA BANK, ENGINERSIND, JKLAXMI CEMENT, MARICO

                                            

Trend in FII flows:   The FIIs were net  sellers of  Rs -449.85 Cr in the cash segment on  Tuesday while the DIIs were net buyers of  Rs 350.32 Cr, as per the provisional figures released by the NSE.

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Opening Bell

CS OPENING BELL:

NIFTY SPOT UP 25@8075

SENSEX UP 85@26645

BANK NIFTY FUTURES UP 72@17470

HAPPY TRADING

WWW.CAPITALSTARS.COM +917316790000

CS NIFTY FUTURES (NOVEMBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8125

RES 1:8095                     

SUP1:8015

SUP2:7985

WWW.CAPITALSTARS.COM +917316790000

CS BANK NIFTY FUTURES (NOVEMBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17525

RES 1:17452

SUP1: 17250

SUP2: 17165

WWW.CAPITALSTARS.COM +917316790000

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Daily Corporate News

CAPITALSTARS

 DAILY CORPORATE NEWS

Reliance Brands looks for alliances in beauty segment

Reliance Brands, a unit of Reliance Industries, is looking for alliances in the beauty and children’s wear segments with international brands as it tries to enter these segments. – Positive for RIL

Coal India, GAIL, RCF and FCL enter into a JV

Coal India, GAIL, RCF and Fertilizer Corporation of India Limited ( FCL) have entered into a Joint Venture Agreement on October 27, 2015 for incorporation of a Company namely 'RASHTRIYA COAL GAS FERTILIZERS LIMITED', to establish and operate new coal gasification based Fertilizer Complex (Ammonia Urea Complex) at Talcher along with power plant and associated facilities at Talcher unit of FCIL and to market its products.  

Max Healthcare buys BK Modi’s Saket City Hospital

Max Healthcare, an equal joint venture between Max India and South Africa-based Life Healthcare, will acquire a 51% stake in Saket City Hospital from BK Modi Group company. The value of the transaction was not disclosed the media reports suggest enterprise value of Rs700 for Sake City hospital (SCH). The company plans to expand the number of beds from 290 to 900 in SCH. In May 2015, the company had acquired 76% stake in Delhi based Pushapanjali hospital (340 beds) for Rs290 crore.

Sun Pharma recalls over 10 lakh boxes of allergy drug in US

Sun Pharma is recalling over ten lakh boxes of its anti-allergic Loratadine drug from the US market as the lot was found to be 'super potent' and 'out of specification'. Loratadine is an antihistamine and is used to treat the symptoms of allergies, such as sneezing, watery eyes, and runny nose. Sentimentally negative.

Government mulls over raising foreign investment cap for PSU Banks

The Government is considering a proposal to increase the maximum amount that foreign investors can own in public sector banks (PSB) to 49% from the current 20%. A higher cap would help PSBs in raising equity to comply with Basel III regulatory standards. An increased in FII limits will be positive for PSU Banks for long term though in near term higher government holding and subdued performance has weakened investor sentiments towards PSU banks.

Hero MotoCorp launches new scooter Duet in southern markets

Hero MotoCorp has launched its first metal bodied scooter Duet in the southern markets. The Duet has been priced at Rs48,000 for the LX version and Rs49,900 for the VX version (ex-showroom Bangalore).

The Duet has been built on a new chasis and engine platform. The vehicle has features such as external fuel filling, telescopic front suspension and charging point. The Duet will compete against the Honda Activa and the TVS Jupiter.

Novartis drops on USFDA warning letter for two plants

Sandoz, the generic drug arm of Swiss drug major Novartis, has received a warning letter from the US health regulator for violations of current good manufacturing practice (cGMP) norms at its two plants; namely Kalwe and Turbhe. At Turbhe, Sandoz mainly produces active pharmaceutical ingredients. In Kalwe oral solid dosages or tablets are produced. Negative news for the company.

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Capitalstars Update - INDIAN BENCHMARKS

INDIAN BENCHMARKS  likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty trading 11 points  lower.                                         
                                   

                                         
Headlines for the day :

• Dabur India Q2FY2016 sees improvement in margins
• Exide Industries Q2FY16 PAT beats estimates
• Syndicate Bank Q2 net profit at Rs332.37 crore 

TODAY’S RESULTS : DABUR, AMBUJACEM, JUST DIAL , AMARJA BATTERY , SUN TV , JSW ENERGY , EXIDE INDUSTRI 
                                  

Trend in FII flows: The FIIs were net  sellers of Rs -731.17 Cr in the cash segment on  Wednesday
while the DIIs were net buyers of Rs-160.17 Cr, as per the provisional figures released by the NSE.

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CapitalStars Update - INDIAN BENCHMARKS

INDIAN BENCHMARKS  likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty trading 40 points  lower.                                         
                                                       

 Headlines for the day:

•     Axis Bank Q2 earnings in-line with estimates
•     TVS Motor Q2FY2016 PAT 10% above estimate
•     Maruti Suzuki Q2FY2016 net profits marginally below estimates

TODAY’S RESULTS : DABUR, AMBUJACEM, JUST DIAL , AMARJA BATTERY , SUN TV , JSW ENERGY , EXIDE INDUSTRIES                                                                                                                                                       
Trend in FII flows: The FIIs were net  buyers of Rs   9.5 Cr in the cash segment on Tuesday while the DIIs werenet sellers of Rs -165.45 Cr, as per the provisional figures released by the NSE.

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CapitalStars Update - INDIAN BENCHMARKS

  

INDIAN BENCHMARKS  likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty trading 26 points  lower.                                            

                                     

                                     

Headlines for the day:

•      UPL Q2 consolidated net profit up 12% (YoY)
•      HDFC Q2 profit beats estimate
•      Bharti Airtel dips as higher fixed charges impact Q2 results

TODAY’S RESULTS : HDFC , TVS MOTORS , MARUTI SUZUKI , AXIS BANK , LUPIN, DISH TV , TATACOMM, PIDILITE INDUSTRIES 

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CapitalStars Updates- INDIAN BENCHMARKS

INDIAN BENCHMARKS  likely to open on a positive note in the early trade as global cues displayed supportive cues. SGX Nifty Trading 80 points  higher.

Headlines for the day: 

• PVR makes a grand debut in Kolhapur.
• Power Grid wins Rs7000-cr transmission project.
• Balasore Alloys plans new ferro chrome facility at Kalinganagar.

Trend in FII flows: The FIIs were net  sellers of Rs   -48.33 Cr in the cash segment on  Wednesdaywhile the DIIs were net sellersof Rs   - 138.73 Cr, as per the provisional figures released by the NSE.

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