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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 09 SEPTEMBER 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

The Nifty50 is likely to open flat on Monday following muted trend seen in other Asian markets after China central bank said it was cutting the amount of cash that banks must hold as reserves, releasing liquidity to shore up a slowing economy dogged by the Sino-U.S. trade conflict.Risk sentiment was also fortified as Fed Chairman Jerome Powell said Friday that the central bank will continue to act as appropriate to sustain the economic xpansion in the world biggest economy, said a Reuters report.Treds on SGX Nifty indicate a posiive opening for the broader indx in India, with a 15.5 points gain or 0.14 percent. Nifty futues were trading around 10,975-level on the Singaporean Exchange.

Global Market:

Asian Markets: Japanese shares are higher today as the Nikkei 225 gains 0.42%. 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 Bovespa gained 3.27% and the S&P 500 rose 0.09%. The IPC lost 0.06%
.
European Markets: European markets finished higher on Friday with shares in Germany leading the region. The DAX is up 0.54% while France’s CAC 40 is up 0.19% and London’s FTSE 100 is up 0.15%.

Major Headlines of the day:

Rupee stands at 71.66 per dollar

Nifty slips below 10,900-mark; Tata Motors, Eicher stocks under pressure

Shilpa Medicare gets two USFDA observations for formulation plant in Telangana

Top stocks in focus: Reliance Industries, Varun Beverages, Cholamandalam Investment and Finance.

Trend in FII flows:- The FIIs were Net Value of Rs -957.05 segment while the DIIs were Net Value of 1207.2 the provisional figures.

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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