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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 5 FEB 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.
The Nifty50 is likely to open flat on Tuesday tracking mixed trend seen in other Asian markets. The index closed 18 points higher at 10,912 on Monday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 12.5 points or 0.11 percent. Nifty futures were trading around 10,960-level on the Singaporean Exchange. Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for US-China trade relations propelled technology shares, said a Reuters report.

Global Market:
Asian Markets: Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.30% and the Hang Seng rose 0.21%. The Nikkei 225 lost 0.04%.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.74% and the S&P 500 rose 0.68%. The IPC lost 0.57%.
European Markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.20%, while the CAC 40 led the DAX lower. They fell 0.38% and 0.04% respectively.

Major Headlines of the day:

  • Rupee opens at 71.70 per dollar.
  • IDBI Bank Q3 loss rises 3-fold to Rs 4,185 cr on high provisions, but asset quality improve Net interest income, the difference between interest earned and interest expended, fell by 18.5 percent year-on-year to Rs 1,357 crore in quarter ended December 2018 with 17 percent degrowth in loans.
  • PNB Q3 preview: Brokerages expect mounting losses on high provisions Motilal Oswal expects loan growth to stay largely flattish, whereas deposits growth is expected to be around 2.5 percent YoY.
  • Decision to extradite Vijay Mallya shows Modi govt delivering on its promise: BJP, The extradition of Mallya has been approved by UK Home Secretary, in a major blow to the liquor baron and boosting India’s efforts to bring back the fugitive businessman.

Earnings Reaction To Watch

  • ACC
  • APOLLO TYRES
  • BHEL
  • BLUESTAR
  • BIRLA CORP
  • CESC
  • GAIL
  • HPCL
  • PNB
  • RELIANCE INFRA
  • TATA CHEMICALS
  • TECH MAHINDRA
  • TATA GLOBAL BEV
  • TORRENT POWER

Trend in FII flows:- The FIIs were Net Value of Rs -112.13 segment while the DIIs were Net Value of -65.22 the provisional figures.

Securities in Ban For Trade Date 05-FEB-2019
1. IDBI
2. DHFL

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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