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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 12 FEBRUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 30 points gain or 0.25 percent.

Indian equity benchmarks Sensex and Nifty snapped their losing streak of the last two consecutive sessions on February 11 as investors comforted from the decline in the rate of newly reported cases of Coronavirus in China.

Sensex ended the day with a gain of 237 points, or 0.58 percent, at 41,216.14 while Nifty finished at 12,107.90, up 76 points, or 0.63 percent.

Global Market:

Asian Markets: – Asian shares and Wall Street futures nudged higher on Wednesday amid hopes the worst of the coronavirus in China may have passed, although prevailing uncertainty about the outbreak has kept investors wary.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1%. Australian shares were up 0.27%, while Japan’s Nikkei stock index rose 0.45%.

US Markets: – S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday as Chinese officials said the deadly coronavirus epidemic could be contained by April.
The Dow Jones Industrial Average was flat, the S&P 500 gained 5.66 points, or 0.17%, to 3,357.75 and the Nasdaq Composite added 10.55 points, or 0.11%, to 9,638.94.

Major Headlines of the day: –

IndusInd Bank: Moody’s revises outlook on the bank’s rating to Negative versus Stable on the risk of worsening loan quality.

Sun Pharma Advanced received complete response letter for Taclantis from USFDA

Glenmark Pharma to consider proposals to raise funds on February 14

Hexaware: Q4 profit dips 8.7 percent to Rs 167.7 cr, revenue rises 3.2 percent to Rs 1,528.8 cr QoQ.


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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