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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 15 MAY 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

The Nifty50 is likely to open flat on Wednesday as Asian markets wobble near three-and-a-half month low on lingering concerns over the economic impact of a U.S.-China trade war. Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with US stocks reclaiming ground lost to Monday steep sell-off as investors took heart from a tonal shift in ongoing U.S. trade negotiations with China, said a Reuters report. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 24.5 points or 0.22 percent. Nifty futures were trading around 11,236-level on the Singaporean Exchange. As many as 84 companies will declare their results for the quarter ended March which include names like Adani Power, Aditya Birla Fashion, Ajmera Realty, Amara Raja Batteries, Dalmia Bharat, Deep Industries, Lupin, Seamec, Suven Life Sciences, Torrent Power, etc. among others.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.05% while the Hang Seng is up 0.76%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished higher today with shares in U.S. leading the region. The S&P 500 is up 0.80% while Mexico’s IPC is up 0.67% and Brazil’s Bovespa is up 0.40%.
European Markets: European markets finished broadly higher today with shares in France leading the region. The CAC 40 is up 1.50% while London’s FTSE 100 is up 1.09% and Germany’s DAX is up 0.97%.

Major Headlines of the day:
Rupee opens at 70.34 per dollar.
Drug markers clarify on reports of US states filing lawsuit against generic drug firms The company will defend vigorously against price-fixing conspiracy allegation in the US, said Dr Reddy’s.
RBI names R. Gandhi as director on Yes Bank board This appointment will significantly strengthen Yes Bank’s Board Composition and the Bank will immensely benefit from R. Gandhi’s experience and wisdom at the Yes Bank.
Indian Bank net loss at Rs190cr in Q4FY19 Total income of the bank increased by 11.77% at Rs5,537.47cr for quarter under review as compared to Rs4,954.21cr for the quarter ended March 31, 2018.

Earnings Reaction To Watch
AMARAJA BATT
LUPIN
GULF OIL LUBRIC
JUBILANT FOOD
KBRL
PETRONET LNG

Trend in FII flows:- The FIIs were Net Value of Rs -2011.85 segment while the DIIs were Net Value of 2242.91 the provisional figures.

Securities in Ban For Trade Date 15-MAY-2019
NIL

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

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