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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 11 July 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open higher.

The Nifty50 is expected to open higher on Thursday following Asian markets which were trading higher after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month. Overnight, US markets ended higher and the S&P 500 index briefly crossed the 3,000-point mark for the first time on Wednesday, said a Reuters report. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 39 points or 0.34 percent. Nifty futures were trading around 11,533-level on the Singaporean Exchange. The S&P BSE Sensex fell 173 points to 38,557 while the Nifty50 closed 57 points down at 11,498 on Wednesday.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.46% while the Hang Seng is up 1.19%. 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 1.23% and the S&P 500 rose 0.45%. The IPC lost 0.03%.
European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.51% while France’s CAC 40 is off 0.08% and London’s FTSE 100 is lower by 0.08%.

Major Headlines of the day:
Rupee stands at 68.30 per dollar.
Indigo in turbulence: Rahul Bhatia says related party transactions at arm’s length The co-promoter said that related party transactions made only 0.53% of the 2018-19 turnover of the company.
Powell sounds dovish enough to open door for a half-point cut Powell said the US economy is facing risks from flagging business sentiment, a global slowdown in manufacturing, and an inflation rate that has remained persistently low.
Hospital sector on recovery path after more than two years of underperformance: ICRA The performance was also impacted due to the start-up cost of new hospitals owing to significant capex done by the entities in the sector and the long gestation period required for the new facilities to ramp up.

Trend in FII flows:- The FIIs were Net Value of Rs -604.94 segment while the DIIs were Net Value of 667.40 the provisional figures.

Securities in Ban For Trade Date 11-JULY-2019
DHFL
RELCAPITAL
IDBI
RELINFRA

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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