GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 20 MAR 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

Nifty50 is expected to open flat on Wednesday following muted trend seen in other Asian markets. The index closed 70 points higher at 11,532 on Tuesday. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 3.5 points or 0.03 percent. Nifty futures were trading around 11,572-level on the Singaporean Exchange. The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserves expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing US-China trade negotiations, said a Reuters report. Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.31% while the Hang Seng is up 0.13%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 1.04%, while the Bovespa led the S&P 500 lower. They fell 0.41% and 0.01% respectively.
European Markets: European markets finished broadly higher today with shares in Germany leading the region. The DAX is up 1.13% while London’s FTSE 100 is up 0.34% and France’s CAC 40 is up 0.24%.

Major Headlines of the day:
Rupee opens at 69.05 per dollar.
RBI seeks modification of NCLAT order on NPA status of IL&FS: Media report During the proceedings, RBI’s counsel said that there was an overlap of power on the issue.
GST Council approves transition plan for new tax rates for realty sector Accordingly, the council has decided that builders can pick between paying 12% for non-affordable houses with ITC benefits or 5% without the tax rebates for under-construction houses.

Trend in FII flows:- The FIIs were Net Value of Rs 2132.36 segment while the DIIs were Net Value of -1253.67 the provisional figures.

Securities in Ban For Trade Date 20-MAR-2019
1. RELCAPITAL
2. IDBI
3. JETAIRWAYS
4. JUSTDAIL
5. ADANIENT
6. BEML
7. RPOWER

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

Leave a Reply

Checking...

Ouch! There was a server error.
Retry »

Sending message...

FREE TRIAL REQUEST


CapitalStars FORUM