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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK –11 JAN 2019

Equity intraday tips MARKET OUTLOOK CAPITALSTARS

The Nifty50 is likely to open higher on Friday following positive trend seen in other Asian markets. The index closed 33 points lower at 10,821 on Thursday.

Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the US central bank can be patient on raising interest rates further..Snapping its two-session slide, the rupee ticked higher by 5 paise to close at 70.41 per US dollar on January 10 on increased selling of the greenback by exporters amid easing crude oil prices.

Global Market:

Asian Markets : Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.71% while the Hang Seng is up 0.14%. The Shanghai Composite is not trading.

US Markets : The stock rally continued. The Dow climbed 123 points and the S&P 500 and Nasdaq each ended 0.4% higher.

European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.52% and the DAX rose 0.26%. The CAC 40 lost 0.16%.

 

Major Headlines of the day:

  • Rupee opens flat at 70.42 per dollar.
  • India’s inflation in December likely hit lowest since June 2017: Reuter poll.If the latest consensus is realised it will mark the fifth month in a row consumer price inflation has held below the mid-point of the RBI’s target band.
  • TCS Q3 profit rises 2.6% to Rs 8,105 cr, constant currency revenue growth at 1.8% meets expectations.TCS’ revenue during the quarter grew by 1.3 percent quarter-on-quarter to Rs 37,338 crore in October-December quarter.
  • Stocks in the news: Infosys, TCS, Tata Motors, Kernex Micro, NBCC, HFCL, KNR Contructions.

Trend in FII flows: – The FIIs were Net Value of Rs -344.58 segment while the DIIs were Net Value of 10.98 the provisional figures.Securities in Ban for Trade Date 11-JAN-2019

1.Adanipower

2.Jetairways

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