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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 13 MAR 2019

capitalstars Equity market Outlook
Market Live: Nifty likely to open flat.
The Nifty50 is likely to open flat on Wednesday following muted trend seen in other Asian markets. The index closed 133 points higher at 11,301 on Tuesday. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 8.5 points or 0.08 percent. Nifty futures were trading around 11,323-level on the Singaporean Exchange. The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserves dovish stance on interest rate hikes, but the Dow ended lower as Boeings shares sank for a second day after one of its planes crashed in Ethiopia, said a Reuters report. Asian share markets got off to a subdued start on Wednesday after a mixed finish on Wall Street, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.54% while the Hang Seng is down 0.54%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 0.30%, while the IPC led the Bovespa lower. They fell 0.32% and 0.20% respectively.
European Markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.29% and the CAC 40 rose 0.08%. The DAX lost 0.17%.

Major Headlines of the day:

Rupee opens at 69.74 per dollar.
MSTC IPO sets price band at Rs121-128/sh; IPO opens on March 13 The equity shares of MSTC Limited are proposed to be listed on BSE and the NSE.

Jan IIP at 1.7%; Feb Retail inflation up by 2.57% Industrial production growth for the month of January 2019 fell to 1.7% as against 2.4% for the month of December.

Tardiness in tariff filings and inadequate tariff revision proposals negative for the power distribution sector: ICRA notes that state distribution utilities (DISCOMs) in 17 of the 29 States have filed tariff petitions for FY20, reflecting a less-than-satisfactory progress.

Trend in FII flows:- The FIIs were Net Value of Rs 2477.72 segment while the DIIs were Net Value of -990.48 the provisional figures.

Securities in Ban For Trade Date 13-MAR-2019
1.RPOWER
2.IDBI
3.JETAIRWAYS
4.RELINFRA

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