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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 24 JUNE 2019

market-news

Market Live: Nifty likely to open flat.

The Nifty50 is expected to open flat on Monday tracking mixed trend seen in other Asian markets which were subdued as oil prices firmed on worries over heightened tensions between the United States and Iran. On Friday, Wall Street shares closed slightly lower after hitting a record high thanks to dovish signals last week from the Federal Reserve that it would cut interest rates soon to bolster its economy from protracted trade conflicts, said a Reuters report. Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 1.5 points or 0.01 percent. Nifty futures were trading around 11,752-level on the Singaporean Exchange. The rupee dived 14 paise to close at 69.58 against the US dollar June 21, pressured by firming crude oil prices amid intensifying geopolitical tensions in the Gulf region.

Global Market:

  • Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.20% while the Hang Seng is up 0.38%. 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 2.62%, while the IPC led the S&P 500 lower. They fell 0.27% and 0.13% respectively
  • European Markets: European markets finished lower on Friday with shares in London leading the region. The FTSE 100 is down 0.23% while France’s CAC 40 is off 0.13% and Germany’s DAX is lower by 0.13%.

Major Headlines of the day:

  • Rupee stands at 69.60 per dollar.
  • Radiant Life completes acquisition of 49% stake in Max Healthcare As part of the transaction, Max India promoters have received an advance of Rs361cr (US $52.2 million) from KKR in exchange for a 4.99% stake in the merged entity.
  • Dy RBI Governor Viral Acharya resigns before term end: Business Standard Report Viral Acharya has resigned six months before the scheduled end of his term in office.
  • Asian stocks trade mixed; Oil climbs on Iran tensions The Turkish lira surged after the opposition candidate won the redo of Istanbuls mayoral race.

Trend in FII flows:- The FIIs were Net Value of Rs -730.58 segment while the DIIs were Net Value of 445.75 the provisional figures.

Securities in Ban For Trade Date 24-JUNE-2019
IDBI
JETAIRWAYS
RELCAPITAL
JISLJALEQS
RELINFRA

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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