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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 14 JUNE 2019

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Market Live: Nifty likely to open flat.

The Nifty50 is likely to open flat on Friday tracking mixed trend seen in other Asian markets. The S&P BSE Sensex closed 15 points lower at 39,741 while the Nifty50 ended 7 points higher at 11,914 on Thursday. Overnight, U.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of a supply disruption following attacks on two tankers in the Gulf of Oman, said a Reuters report. In commodities, Brent crude futures slipped 0.29 percent to $61.13 per barrel after rallying 2.3 percent the previous day. Brent surged on Thursday after two oil tankers were attacked in the Gulf of Oman, one Norwegian-owned and the other Japanese-owned, added the report. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 17.5 points or 0.15 percent. Nifty futures were trading around 11,902-level on the Singaporean Exchange.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.12% while the Hang Seng is down 0.57%. 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 0.46% and the S&P 500 rose 0.41%. The IPC lost 0.72%.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.44% while France’s CAC 40 is up 0.01% and London’s FTSE 100 is up 0.01%.

Major Headlines of the day:

  • Rupee opens at 69.51 per dollar.
  • Hexaware acquires 100% shares of Mobiquity Softech This acquisition would help gain traction in banking and Pharma verticals, which are the focus areas for Hexaware.
  • Thyrocare to separate arm Nuclear Healthcare The committee decided to appoint a SEBI approved merchant banker to submit a valuation report, within the shortest possible time, and then take a decision.

Trend in FII flows:- The FIIs were Net Value of Rs 172.35 segment while the DIIs were Net Value of -444.87 the provisional figures.

Securities in Ban For Trade Date 14-JUNE-2019
IDBI
RELCAPITAL
RELINFRA

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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