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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 12 FEB 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

The Nifty50 is likely to open flat on Tuesday following mixed trend seen in other Asian markets. The index closed 54 points down at 10,888 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 23.5 points or 0.21 percent. Nifty futures were trading around 10,907-level on the Singaporean Exchange. Wall Street see-sawed on Monday, rarely straying far from opening levels as investors eyed ongoing US-China trade talks, potential congressional gridlock and a diminished 2019 earnings outlook, said a Reuters report. Asian shares barely budged on Tuesday with investors looking to a new round of Sino-US trade talks as the worlds two largest economies try to resolve a tariff dispute that has put a dent on global growth and corporate earnings, it said.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.52% while the Hang Seng is up 0.14%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of their recent closing prices. The IPC gained 0.24% while the S&P 500 was higher by 0.07%. The Bovespa was even.
European Markets: European markets finished broadly higher today with shares in France leading the region. The CAC 40 is up 1.06% while Germany’s DAX is up 0.99% and London’s FTSE 100 is up 0.82%.

Major Headlines of the day:

Rupee opens at 71.17 per dollar.

‘RBI will have to support bond market as govt doles out populist measures’ In the absence of any meaningful inflows, USD/INR could continue to drift higher gradually. 70.80-71.80 has proven difficult to break for the pair. The Interim Budget was mostly along expected lines. It was expected to be a make all happy kind of a budget with special focus on the farm sector, SME sector and the middle-income class. There was something in it for everyone but the assumptions underlying the budget seem to be on shaky ground and that is what spooked bond vigilantes. The yield on the old 10-year benchmark bond ended the session at 7.61 percent after touching an intraday low of 7.42 percent as the markets turned the focus from the FMs speech embellished with rhetoric and parsed the fine print of the budget document.

Earnings Reaction To Watch
BATA INDIA
COAL INDIA
HINDALCO
NCC
OIL
SUNPHARMA

Trend in FII flows:- The FIIs were Net Value of Rs -125.05 segment while the DIIs were Net Value of -232.55 the provisional figures.

Securities in Ban For Trade Date 12-FEB-2019
1. ADANIENT
2. DHFL
3. IDBI
4. JETAIRWAYS
5. RPOWER
6. RCAPITAL

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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