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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 23 Apr 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

The Nifty50 is expected to open flat on Tuesday following a mixed trend seen in other Asian markets. The index closed 158 points lower at 11,594 on Monday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 5 points or 0.04 percent. Nifty futures were trading around 11,621-level on the Singaporean Exchange. US stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings, said a Reuters report. Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market enthusiasm.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.58% while the Hang Seng is down 0.08%. 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 0.10% and the Bovespa rose 0.01%. The IPC lost 0.32%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.57% and the CAC 40 rose 0.31%. The FTSE 100 lost 0.15%.

Major Headlines of the day:
Rupee opens at 69.62 per dollar.
AU Small Finance Bank’s Q4FY19 Net Profit up by 42% at Rs118cr NII for the quarter (excluding Securitization & Assignment income) at Rs851cr, up 83% yoy.
Essel Propack: Blackstone commits up to $460mn to acquire stakes in company Based on the open offer subscription, the purchase price consideration will vary between Rs2,157cr and Rs3,211cr (or ~$310mn- $462mn).
GRUH Finance to consider dividend proposal on April 30 The board will also consider and approve the Audited Financial Results of the company for the quarter and year ended March 31, 2019.

Earnings Reaction To Watch
ACC
ICICI SECURITIES
INDIABULLS REAL
TATA GLOBAL BEV

Trend in FII flows:- The FIIs were Net Value of Rs 73.08 segment while the DIIs were Net Value of -68.16 the provisional figures.

Securities in Ban For Trade Date 23-APR-2019
1. IDEA
2. IDBI
3. DLF
4. ADANIPOWER
5. JETAIRWAYS
6. PCJEWELLER
7. RELCAPITAL

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

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