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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 19 FEB 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open higher.

The Nifty50 is likely to open higher on Tuesday following positive trend seen in other Asian markets. The index closed 83 points lower at 10,640 on Monday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 28.5 points or 0.27 percent. Nifty futures were trading around 10,681 -level on the Singaporean Exchange. Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-US trade talks were making positive progress and expectations of policy stimulus from central banks, said a Reuters report. US oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.80% while the Hang Seng is up 0.37%. 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 1.09%, while the Bovespa led the IPC lower. They fell 1.04% and 0.02% respectively.
European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.30%, while London’s FTSE 100 was off 0.24%. Shares in Germany were unchanged with the DAX at 11,299.20.

Major Headlines of the day:
Rupee opens at 71.48 per dollar.

India’s Ambuja Cements Ltd on Monday posted a 58.8 percent jump in fourth-quarter profit, exceeding analysts’ estimates, as it logged higher cement sales and a tax benefit. Standalone profit, which includes a joint operation accounted on a proportionate basis, came in at 5.37 billion rupees ($75.22 million) for the quarter ended December 31, from 3.38 billion rupees a year earlier, the company said.

Grasim Industries signed a definitive agreement to acquire the Chlor-Alkali Business (CAB) of KPR Industries (India) Ltd (KPR) by way of a slump sale, for a cash consideration of Rs253cr. The transaction will be funded through internal accruals. KPR would in turn utilize Rs253cr towards a full and final settlement of the lenders’ dues under a One-Time Settlement. The transaction is subject to regulatory approvals, the company said in the regulatory filing on Monday.

Cipla to acquire 11.71% stake in Wellthy Therapeutics The acquisition will be done for a cash consideration of Rs10.5cr, the company said in a press note.

Earnings Reaction To Watch
LINDEINDIA

Trend in FII flows:- The FIIs were Net Value of Rs -1239.79 segment while the DIIs were Net Value of 2336.74 the provisional figures.

Securities in Ban For Trade Date 19-FEB-2019
1. ADANIENT
2. JISLJALEQS
3. JETAIRWAYS
4. RPOWER
5. PCJEWELLER
6. CGPOWER
7. RELINFRA
8. IDBI

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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