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Equity Tips
Sensex falls 200 pts, Nifty breaks 9900; Capacit'e debuts at Rs 399

Equity benchmarks started off the week on a negative note, with the Sensex falling more than 100 points, weighed by HDFC twins.

The 30-share BSE Sensex was down 156.59 points at 31,765.85 and the 50-share NSE Nifty fell 41.35 points to 9,923.

Nifty Midcap was down 0.8 percent as about 596 shares declined against advancing 423 shares on the BSE.

The Indian rupee opened lower by 5 paise at 64.84 per dollar today versus Friday's closing value of 64.79 per dollar.

Reliance Industries, HDFC Bank, IOC, Adani Ports, L&T, HDFC, Kotak Mahindra Bank, Axis Bank and Yes Bank were top negative contributors to Sensex' fall, down 0.7-3 percent.

However, TCS, Power Grid, Bharti Infratel, ICICI Bank, ITC, Vedanta and Infosys outperformed.

The Income Tax Department on Sunday concluded raids on premises linked to former Union minister S. M. Krishna's businessman son-in-law VG Siddhartha, who is also founder-owner of Café Coffee Day, the country's largest coffee retail chain, reports The Times of India.

A senior public relations official of the I-T department in Bengaluru confirmed that the department has detected over Rs 650 crore of undisclosed income linked to Siddhartha, after four days of raids.

Shares of Capacit'e Infraprojects had a stellar listing today on investors' demand.

The stock listed with gains of 59.6 percent on its debut at Rs 399 on the exchanges.

The company had a stellar response to its initial public offering, getting oversubscribed 183.03 times.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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