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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 28 DEC 2018

capitalstars-Equity-market-Outlook

A morning walk down Dalal Street | Minor pullback likely in metal, auto, cement & pharma sectors.

Indian Indices: Crude and rupees trajectory will be crucial for the market, going ahead.

Global Market:
Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.47% while the Hang Seng is up 0.08%. The Shanghai Composite is not trading.
US Markets: US stock futures point to mixed Friday open amid roller coaster week.
European markets: European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 2.37% while London’s FTSE 100 is off 1.52% and France’s CAC 40 is lower by 0.60%.

Major Headlines of the day:

 Stocks To Watch

  • Lemon Tree Hotels entered into a joint venture with private equity firm-Warburg Pincus affiliate Magnolia Grove Investment with a primary focus on co-living. This joint venture marks the entry of the company into a new business segment for rental housing accommodation for students and working professionals. The Joint Venture partners will initially invest Rs 1,500 crore in equity over a period of time, with an option to invest another Rs 1,500 crore.
  • Warburg Pincus will hold 68 percent stake while Lemon Tree Hotels will hold 30 percent stake and the balance stake will be held by Patanjali Keswani.
  • United Bank of India: Government said it would infuse Rs 2,159 crore in the equity capital via preferential allotments
  • Kansai Nerolac entered in to share-purchase agreement with Perma Construction Aids for Rs 29.1 crores. The target company belongs to construction chemicals industry and the paint company says the acquisition will be completed by Jan. 28
  • Hindustan Construction Company raised Rs 498 crore via rights issue. The promoter stake in the company has increased from 27.8 percent to 33.12 percent
  • Majescos U.S. Insurance arm announced Jan. 7 as record date for rights offering to its shareholders at $7.1 per share. The company says it will use the net proceeds from this offering to fund the remainder of the Exaxe acquisition, pay off debt and accelerate cloud growth.
  • Ashoka Buildcons board approved raising Rs 150 crore via non-convertible debentures
  • WABCO India clarified that the news of Wabco signing $950 million supply pact with commercial vehicle maker is for its parent company and not for the Indian arm.
  • Corporation Bank appointed Canara Banks Executive Director PV Bharathi as its Managing Director and Chief Executive Officer till March 2020.

Trend in FII flows:- The FIIs were Net Value of Rs 1731.91 segment while the DIIs were Net Value of -663 the provisional figures.

Securities in Ban For Trade Date 28-dec-2018
1. Adanipower

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