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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 06 SEPTEMBER 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open higher.

The Nifty50 is expected to open higher on Friday tracking positive trend seen in other Asian markets as the United States and China agreed on Thursday to hold high-level talks early in October. Safe havens such as government bonds and the yen were sold amid signs of easing U.S.-China trade tensions and as firm U.S. economic data bolstered risk appetites, said a Reuters report. U.S. Treasuries fell in price and their yields rebounded from multi-year lows as investors moved out of safety assets into equities, it said. The S&P BSE Sensex fell 80 points to 36,644 while the Nifty50 rose 3 points to close at 10,847 on Thursday.

Global Market:

Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.28% while the Hang Seng is up 0.56%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 2.57% while U.S.’s S&P 500 is up 1.30% and Mexico’s IPC is up 0.96%.
European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 1.11% and the DAX rose 0.85%. The FTSE 100 lost 0.55%.

Major Headlines of the day:

Rupee stands at 71.85 per dollar.

Reliance Jio launches JioFiber from September 5 With JioFiber, Jio continues to deliver on its promise of connecting the unconnected while bringing about transformational changes to Indian homes, that it started with its mobility service three years ago, on September 5, 2016.

Tech Mahindra signs multi-year deal with A&T Through this agreement, Tech Mahindra will assume management of many of the applications which support AT&T network and shared systems.

Prabhat Dairy to consider delisting of shares from exchanges on September 10 The promoters intend to acquire a 49.9% stake from the public shareholders and then go for voluntary delisting. At present, they hold a 50.1% stake in the company.

Trend in FII flows:- The FIIs were Net Value of Rs -561.17 segment while the DIIs were Net Value of 699.31 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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