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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 17 OCTOBER 2019

capitalstars-Equity-market-Outlook

Market Live: – Nifty likely to open flat

The Nifty50 is expected to open flat with a negative bias on October 17, tracking other Asian markets which were trading with a negative bias as soft US retail sales data raised concerns about the health of the worlds largest economy and a risk of a global recession. Analysts said the ongoing US-China trade war has been keeping investors’ confidence low and decreased the investment spending.

Global Market:

Asian Markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.14% while the Hang Seng is up 0.83%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.89% and the IPC rose 0.68%. The S&P 500 lost 0.20%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.32%, while the FTSE 100 led the CAC 40 lower. They fell 0.61% and 0.09% respectively.

Major Headlines of the day: –

Rupee stands at 71.73 per dollar.

Transformers and Rectifiers receives order worth Rs158cr The company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the country, the company added.

Quess Corp signs agreement to acquire 49% stake in Trimax Smart Infraprojects Consequently, TSIPL has become a wholly owned subsidiary of Quess.

NALCO’s smelter plant operations affected by acute coal shortage Unions and Associations have appealed to MCL, Coal India Ltd. And Ministry of Coal to ensure increased coal supply to NALCO to tide over the situation.

Trend in FII flows: – The FIIs were Net Value of Rs 686.33 segment while the DIIs were Net Value of the1576.73 provisional figures.

Securities in Ban for Trade Date 17-OCT-2019

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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