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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 10 July 2019

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Market Live: Nifty likely to open higher.

The Nifty50 is expected to open flat on Wednesday tracking Asian markets which were trading cautiously ahead of the US Federal Reserve Chair Jerome Powell testimony before the U.S. Congress later today. Overnight, the S&P 500 ended slightly higher on Tuesday as gains in tech-related shares offset worries about a weakening outlook for earnings, said a Reuters report. The S&P BSE Sensex rose 10 points to 38,730 while the Nifty50 ended 2.7 points lower at 11,555 on Tuesday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 14 points or 0.12 percent. Nifty futures were trading around 11,554-level on the Singaporean Exchange.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.05% while the Hang Seng is up 0.44%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.42% and the S&P 500 rose 0.12%. The IPC lost 1.77%.
European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.85% while France’s CAC 40 is off 0.31% and London’s FTSE 100 is lower by 0.17%.

Major Headlines of the day:

Rupee stands at 68.65 per dollar.

Indigo co-founder alleges corporate governance violations; seeks Sebi intervention The development comes in at a time when the aviation sector reels under various problems and several corporate governance issues in India Inc. are being brought to light.

Challenges await implementation of PNGRB concept paper on tariff determination: ICRA This regulation will not be applicable to entities that have pre-determined transportation rates as part of the PNGRB bidding process for authorisation, carried out in the ten rounds of bidding until now.

Trend in FII flows:– The FIIs were Net Value of Rs -674.26 segment while the DIIs were Net Value of 710.91 the provisional figures.

Securities in Ban For Trade Date 10-JULY-2019
DHFL
RELCAPITAL

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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