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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 16 AUGUST 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

The Nifty50 is expected to open flat on Friday tracking Asian markets which were trading mixed as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, U.S. President Donald Trump said on Thursday he believed China wanted to make a trade deal and that the dispute would be fairly short, said a Reuters report.Beijing on Thursday vowed to counter the latest tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, it said. Overnight, the S&P 500 and the Dow gained ground in a late rally. The Dow Jones Industrial Average rose 99.97 points, the S&P 500 gained 7 points, and the Nasdaq Composite dropped 7.32 points to 7,766.62.

Global Market:
Asian Markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.09% while the Hang Seng is up 0.64%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 0.25%, while the Bovespa led the IPC lower. They fell 1.20% and 0.20% respectively.
European Markets: European markets finished broadly lower today with shares in London leading the region. The FTSE 100 is down 1.13% while Germany’s DAX is off 0.70% and France’s CAC 40 is lower by 0.27%.

Major Headlines of the day:

Rupee stands at 71.43 per dollar.

YES Bank raises Rs1,930cr via QIP at Rs83.55/share The QIP opened on August 08, 2019, and closed on August 14, 2019.

Indian Banking sector risks may rise as more lending is encouraged: Fitch India’s constant nudging of banks to lend more to NBFIs is in contrast to the global trend of authorities trying to break the linkages between banks and NBFIs, Fitch says.

Trend in FII flows:- The FIIs were Net Value of Rs 1614.63 segment while the DIIs were Net Value of 1619.82 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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