CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY EQUITY REPORT

16
TH
October 2014

















CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.




Daily Equity Report
INDIAN MARKET
INDIAN FACE


INDIAN EQUITY BENCHMARK ended marginally lower after
realty major DLF plunged nearly 29%, recording its highest
single-day after market regulator SEBI barred real estate
major and six of its top executives, including Chairman K P
Singh, from accessing the capital market for three years.

Further, India's wholesale price inflation eased to a near five-
year low at 2.38% in September, helped by a moderation in
food and fuel prices, but the risk of price shocks is expected to
prevent the central bank from cutting interest rates soon

Spice Jet surged in today's trade to end over 4% higher as the
budget carriers operating performance improved with higher
revenue per seat amid reduced capacity.

GLOBAL FACE

A selloff in global equities sent Japanese stocks skidding to
two-month lows on Tuesday as heightened concerns about
the health of the world economy unnerved investors,
triggering a shift in funds to safe-havens such as U.S. bonds.

European stocks fell early, losing ground for the seventh time
in 10 sessions and tracking steep losses on Wall Street as
investors fret about the strength of the global economy.

US stock index futures poised for a higher opening at the Wall
Street on Tuesday
INDICES CLOSE PREVIOUS
SENSEX 26,349.33 26,384.07
NIFTY 7,864.00 7,884.25
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 14,936.51 15,300.55
HANG SENG 23,047.97 23,143.38
KOSPI 1,929.25 1,927.21
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 7,808.95 -0.17
S&P CNX 500 6,339.90 -0.22
CNX MIDCAP 11,269.70 -0.13
CNX 200 4,007.20 -0.22
BANK NIFTY 15,751.55 0.47
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
BHEL 226.65 3.87
AXIS BANK 397.75 2.80
BAJAJ AUTO 2,411.50 2.67
INDUSINDBK 650.80 2.50
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
DLF 105.80 -27.98
BPCL 656.00 -2.34
CAIRN 284.20 -1.95
HCL TECH 1,730.85 -1.42


CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.




Daily Equity Report
MARKET MOVERS UPSIDE
NIFTY SPOT
TREND STRATEGY
BEARISH SELL ON HIGH
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
7667 7769 7816 7872 7919 7975 8077
NIFTY
SUPPORT RESISTANCE
S1-7840 R1-7930
S2-7790 R2-7980

BANK NIFTY FUTURE
TREND STRATEGY
BEARISH SELL ON HIGH
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
14782 15191 15451 15600 15860 16009 16418
BANK NIFTY
SUPPORT RESISTANCE
S1-15570 R1-15900
S2-15340 R2-16300

SCRIPT CLOSE
CHANGE
(%)
RELIANCE 961.25 0.35
COAL INDIA 344.20 1.00
SBIN 2523.55 1,53
ICICI BANK 1478.05 0.01
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
TCS 2699.20 [0.64]
ONGC 402.15 [1.13]
ITC 347.00 [1.01]
INFOSYS 3918.30 [0.62]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 2942.08 3636.75
DII 1825.97 1330.45
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 23 26
BANK NIFTY 9 3


CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.




Daily Equity Report
r
MARKET TALKS


Upgraded its stocks from 'underperform' to 'buy', citing higher
volume and average selling prices, and increased contribution from
dirt-bike making affiliate KTM.

Bajaj Fin serv Q2FY15 results:
Steady growth in earnings

Bajaj Fin serv reported healthy set of numbers for Q2FY15 as net
profits (consolidated) grew by 14% YoY to Rs316 crore. Growth in
profits was largely contributed by a strong growth profits from
financing business (up 19% YoY) and general insurance business
(up 29% YoY).The consolidated revenues grew at 18% YoY to
Rs4774 crore. We have a positive outlook on the stock and we will
release detailed update shortly.

Sun TV Network records 52-week
low.

Shares of Sun TV Network slipped to a 52-week low of Rs306.15 on
account of slowing advertising revenues, increasing competition
and overhang of the CBI charge-sheet against the company's
promoter. The key growth metric for Sun TV is its advertising
business, which accounts for half of its revenues. However, the
growth in this pocket has been volatile.


WPI inflation for September 2014
declines to 2.38%

The WPI for September 2014 declines to 5 year low of 2.38% as
against 7.05% (y-o-y) and 3.74% (m-o-m).The decline in WPI
inflation was aided by sharp fall in food inflation (3.52% v/s 18.68%
YoY) and Fuel & Power Inflation (1.33% v/s 11.72% YoY).Although
RBI now focuses more on CPI inflation, this sharp decline in WPI is
also positive signal with respect to moderation in inflation rates.

Bajaj Finance gains 2% on healthy
Q2FY15 earnings

Bajaj Finance reported net profits of Rs197.2 crore (up 18% YoY)
largely contributed by 27% YoY growth in the net interest income.
Bajaj Finance Ltd has announced the following Unaudited
Standalone results for the quarter ended September 30, 2014:Net
profit up 18.02% at Rs197.15 crore vs. Rs167.04 crore (YoY)Total
Income up 28.82% at Rs1241.83 crore vs. Rs963.98 crore (YoY).

Bajaj Auto gains 2% on rating
upgrade.

Bajaj Auto gained around 3% after Bank of America-Merrill Lynch

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