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DAILY EQUITY REPORT 13TH MAY 2014


Daily Equity Report Phone: 0731-6662200 E-mail: info@capitalstars.com

INDIAN MARKET

INDIAN FACE

INDICES

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SENSEX

23551.00

22994.23

NIFTY

7014.25

6858.80

INDIAN EQUITY BENCHMARK got off to a flying start to end at new record highs on Monday in anticipation that the exit polls slated for release later today would signal business-friendly

ASIAN MARKET INDICES

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NIKKEI

14149.52

14199.59

HANG SENG

22261.61

21862.99

KOSPI

1964.94

1956.55

Bharatiya Janata Party winning majority in the general elections.

Further, Bank of India

recorded a 4 per cent decline in net

profit to Rs 162.44 crore in the fourth quarter ended March 31.

SECTORIAL INDICES INDICES

CHANGE (%)

CNX 100

6898.70

2.11

S&P CNX 500

5479.70

1.93

CNX MIDCAP

9052.65

0.99

CNX 200

3509.80

2.03

BANK NIFTY

14085.05

2.43

TOP GAINERS

Dena Bank reported a 49 per cent jump in net profit to Rs 187.28 crore in the fourth quarter ended March 31.

GLOBAL FACE 

Asian stock markets were mixed, with shares in China and Hong Kong rallying sharply amid speculation the government

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CHANGE (%)

COAL INDIA

327.50

6.11

POWERGRID

112.50

5.29

GRASIM

2851.60

4.75

HDFC BANK

791.90

4.64

TOP LOSERS SCRIPT

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CHANGE (%)

MCDOWELL-N

2701.95

-2.72

SUNPHARMA

615.00

-1.46

CIPLA

387.90

-1.12

HINDALCO

142.65

-1.01

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will take steps to boost equities.

European stocks markets were mostly higher, still supported by European Central Bank President Mario Draghi's comments the week before.

U.S. stocks markets pointed to a higher, as trading volumes were expected to remain light in the absence of any major U.S. economic reports.

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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 6662200, MOB: +91 92000 99927, FAX: +91 731 6662222, EMAIL: info@capitalstars.com


Daily Equity Report

r

MARKET MOVERS UPSIDE SCRIPT

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RELIANCE

1028.70

CHANGE (%) 3.1

ONGC

358.60

3.1

ITC

359.15

3.9

COAL INDIA

331.05

7.3

Capital stars Market Analysis & Research Team

NIFTY SPOT TREND BULLISH S3 6651

S2

S1

6808

6911

PIVOT POINTS P

6965 SUPPORT S1-6860 S2-6750

NIFTY

STRATEGY BUY ON DIPS R1

R2

R3

7068

7122

7280

RESISTANCE R1-7020 R2-7070

MARKET MOVERS DOWNSIDE SCRIPT

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SUN PHARMA

613.35

CHANGE (%) [1.7]

WIPRO

511.95

[0.4]

LUPIN

959.05

[0.7]

UNITD SPIRIT

2700.15

[2.8]

FII & DII ACTIVITY INSTITUTION

NET BUY (CR.)

NET SELL (CR)

FII

4671.34

3402.56

DII

1670.16

1745.46

TREND BULLISH S3 13400

NSE TOTALS INDICES

ADVANCES

DECLINES

NIFTY

43

7

BANK NIFTY

11

1

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BANK NIFTY FUTURE S2

13760

BANK NIFTY

STRATEGY BUY ON DIPS

PIVOT POINTS P R1 R2 R3 14120 13981 14341 14480 14840 SUPPORT RESISTANCE S1-13900 R1-14260 S2-13760 R2-14340 S1

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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 6662200, MOB: +91 92000 99927, FAX: +91 731 6662222, EMAIL: info@capitalstars.com


Daily Equity Report r Capital stars Market Analysis & Research Team

MARKET TALKS

GAIL India stock expansion plans

up

3%

refinance its existing debt.The issue made in the name of Bharti

on

Airtel International BV is being guaranteed by Bharti Airtel Ltd.

Shares of GAIL India Ltd was up 3% on report that the company plans to invest in upstream hydrocarbon assets overseas. The

company plans to spend $500-700 million to pick up minority stakes

Torrent Pharmaceuticals revenue up 30%

FY13-14

in US shale assets and also some conventional hydrocarbon Torrent Pharma has reported 120 percent jump in net profit for the

projects in Africa.

quarter ended March 31 to Rs 244 crore, as against Rs 111 crore in

Corporation Bank weak Q4 earnings

tumbles

the year-ago period. The company's revenue rose 41 percent during

after

the January-March quarter to Rs 1,225 crore from Rs 871 crore in the same quarter of previous year.

Corporation Bank today reported a sharp 88.3 per cent decline in net profit at Rs 41.57 crore for the fourth quarter ended March 31, 2013-14 due to higher provisioning and rise in bad loans. The total income of the bank, however, increased to Rs 5,032.62 crore during

Syndicate Bank to raise Rs. 2,650 cr in FY15

January-March quarter of 2013-14, from Rs 4,635.50 crore in the corresponding period a year ago.

Syndicate Bank plans to raise fresh capital of Rs 2,650 crore in the current financial year. Of this, Rs 1,500 crore will be equity capital

Bharti Airtel plans to raise funds

and the amount will be raised via Basel-III complaint Tier-II bonds. The bank will considering options like qualified institutional

Bharti Airtel is planning to raise $2 billion throughout the year to

placement, rights issue and follow-on public offer for raising equity.

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*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 6662200, MOB: +91 92000 99927, FAX: +91 731 6662222, EMAIL: info@capitalstars.com


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