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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 4 FEB 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.
The Nifty50 is likely to open flat on Monday tracking muted trend seen in other Asian markets. The index closed 62 points higher at 10,893 on Friday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 14.5 points or 0.13 percent. Nifty futures were trading around 10,897-level on the Singaporean Exchange. Wall Street ended mixed on Friday, as optimism from a surge in January US job growth was offset by a weaker-than-expected outlook from Amazon.com Inc that battered retail stocks, said a Reuters report. Asia stocks were barely moved on Monday, staying near a four-month high after Wall Street’s tepid pre-weekend performance, while the dollar was supported against the yen following strong US jobs and manufacturing data, it said.

Global Market:
Asian Markets: Shares in Hong Kong are higher today as the Hang Seng gains 0.11%. The stock markets in Tokyo and Shanghai are closed at this time.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.48% and the S&P 500 rose 0.09%. The IPC lost 0.57%.
European Markets: European markets finished higher on Friday with shares in London leading the region. The FTSE 100 is up 0.74% while France’s CAC 40 is up 0.53% and Germany’s DAX is up 0.07%.

Major Headlines of the day:

  • Rupee opens at 71.46 per dollar.
  • US tariffs hit Chinese economy ‘very badly’, says Donald Trump The US and China have been locked in an escalating trade spat since early 2018, raising import tariffs on each other’s goods.
  • RBI unlikely to cut rates in near-term the fiscal stimulus of close to 0.4 percent of the GDP is inflationary in nature and put pressure on the bond yields. This could adversely impact whole funded NBFCs and other financial services companies.

Earnings Reaction to Watch

  • BALRAMPUR CHINI
  • EXIDE IND
  • GODREJ AGROVET
  • IDBI BANK
  • SRF
  • SUN PHARMA ADV
  • TATA INV CORP
  • WHIRLPOOL

Trend in FII flows: – The FIIs were Net Value of Rs 1315.89 segment while the DIIs were Net Value of -5.07 the provisional figures.

Securities in Ban for Trade Date 04-FEB-2019
1.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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