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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 12 OCT 2018

capitalstars Equity market Outlook

A morning walk down Dalal Street | Crucial resistance for Nifty at 10,350.

Indian Indices:

Nifty recovered from lows and reclaimed 10,200 levels but it failed to surpass 10,300-10,350 levels. Crucial resistance is placed at 10,350-10,400 and support is placed at 10,200 and 10,100.

Global Market:

• Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.45% while the Hang Seng is down 0.60%. The Shanghai Composite is not trading.
• US Markets: US share markets sink as sell-off continues.
• European markets: European markets finished sharply lower today with shares in London leading the region. The FTSE 100 is down 1.94% while France’s CAC 40 is off 1.92% and Germany’s DAX is lower by 1.48%.

Major Headlines of the day:

• Nifty Asian shares on edge after nine-day rout, mood shaky as volatility spikes
• TCS Q2 profit, revenue grow 7.6% QoQ on robust digital growth; EBIT margin in-line at 26.5%
• Results to be announced today :- HINDUNILVR

Trend in FII flows:- The FIIs were Net Value of Rs -2869.41 segment while the DIIs were Net Value of 1888.18 per the provisional figures.

Securities in Ban For Trade Date 12-OCTOBER-2018

1.Idbi

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Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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