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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 6 FEB 2019

capitalstars Equity market Outlook

Market Live: Nifty likely to open higher.
The Nifty50 is likely to open higher on Wednesday following positive trend seen in other Asian markets. The index closed 22 points higher at 10,934 on Tuesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 48 points or 0.44 percent. Nifty futures were trading around 11,008-level on the Singaporean Exchange. US stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump, said a Reuters report. Asian shares started cautiously on Wednesday as investors waited to see if US President Donald Trump drops any hints of progress on tariffs in his State of the Union speech, it said.

Global Market:
Asian Markets: Japanese shares are higher today as the Nikkei 225 gains 0.54%. The stock markets in Hong Kong and Shanghai are closed at this time.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 1.37% and the S&P 500 rose 0.47%. The Bovespa lost 0.28%.
European Markets: European markets closed sharply higher today with shares in London leading the region. The FTSE 100 is up 2.04% while Germany’s DAX is up 1.71% and France’s CAC 40 is up 1.66%.

Major Headlines of the day:
Rupee opens at 71.78 per dollar.
All eyes are on MPC meeting; RBI could change its stance to Neutral: Edelweiss, The headline inflation is lingering below central banks projections, crude oil prices are stable, domestic growth momentum is slowing and global rate cycle is peaking out which gives enough room to the MPC to change its stance and possibly go for a rate cut.
PNB Q3 profit at Rs 246.5 crore, NII rises 8% to Rs 4,290 crore; asset quality improves the net interest income (NII) rose around 8 percent at Rs 4,290 crore against Rs 3,989 crore that the lender reported last year

Earnings Reaction To Watch

  • ADANI PORTS
  • ADANI POWER
  • BAJAJ STEEL
  • CIPLA
  • GRAPHITE INDIA
  • IGL
  • JSW STEEL
  • LUPIN
  • MUTHOOT FINANCE
  • SIEMENS
  • VODAFONE IDEA

Trend in FII flows: – The FIIs were Net Value of Rs 420.65 segment while the DIIs were Net Value of 194.31 the provisional figures.

Securities in Ban for Trade Date 06-FEB-2019
1. DHFL
2. IDBI
3. RELCAPITAL
4. JETAIRWAYS

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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