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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 19 FEBRUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 40.50 points loss or 0.34 percent. The Nifty futures were trading around 12,059-level on the Singaporean Exchange.

The Indian market is likely to reclaim 12000 levels on Wednesday tracking positive trend seen in other Asian markets.

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 40.50 points loss or 0.34 percent. The Nifty futures were trading around 12,059-level on the Singaporean Exchange.

Let look at the final tally on D-Street on February 18 the S&P BSE Sensex fell 161 points to 40,894 while the Nifty50 closed with losses of 53 points at 11,992 on Tuesday.

Global Market:

Asian Markets: – Asian shares and US stock futures edged cautiously higher on Wednesday as investors tried to shake off worries about the coronavirus epidemic following a slight decline in the number of new cases. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.01%. Australian shares were up 0.14%, while Japan’s Nikkei stock index rose 0.61%.

US Markets: – The Dow and S&P 500 fell on Tuesday after a sales warning from Apple left investors assessing the impact of the coronavirus outbreak on U.S. companies. The world most valuable technology firm said it would fall short of its recently announced quarterly sales target because of slower iPhone production and weaker demand in China due to the virus. Its shares ended down 1.8% at $319, while its low of the session was $314.61.

Major Headlines of the day: –

Shree Cement: –  Shree Cement to replace Yes Bank in Nifty 50 w.e.f March 27

Avenue Supermarts: – Promoters sold 2.28 percent holding (2.28 crore shares) via OFS, promoter holding now stands at 74.99 percent

Tata Chemicals: –  Tata Coffee sold 1,59,850 equity shares of company (constituting 0.06 percent of paid-up capital) to Tata Sons.

HCL Technologies: – Company received order from Stanley Black & Decker for digital services.


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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