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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 25 JUNE 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

The Nifty50 is likely to open flat on Tuesday following a mixed trend seen in other Asian markets as investors await any concrete measure out of Sino-U.S. trade talks later this week. US markets edged lower on Monday as losses by healthcare companies overshadowed gains in the technology sector, while investors awaited U.S. President Donald Trump meeting with Chinese President Xi Jinping at the G20 summit this week, said a Reuters report. Dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while lifting gold to six-year peaks, said the report. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 9 points or 0.08 percent. Nifty futures were trading around 11,725-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 1.70% while the Hang Seng is down 1.30%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.50% and the Bovespa rose 0.05%. The S&P 500 lost 0.17%.
European Markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.12%, while the DAX led the CAC 40 lower. They fell 0.53% and 0.12% respectively.

Major Headlines of the day:

  1. Rupee stands at 69.28 per dollar.
  2. Andhra Bank approves raising up to Rs2,000cr in FY19-20 Its board has approved a proposal to raise equity capital of Rs2,000cr through qualified institutional placement or follow-on public offer or sale of non-core assets or preferential allotment.
  3. BNP Paribas Cardif to sell 2.5cr shares of SBI Life stake via OFS The offer will open on June 25 for non-retail investors and on June 26 for retail investors. BNP has reserved 10% of the OFS shares for retail investors.
  4. LIC reduces stake in BHEL, Axis Bank by 2% each LIC had been asked to avoid having high exposure to banks in terms of equity, mainly owing to the fact it holds 51% in IDBI Bank which has been allowed by special dispensation of the IRDAI.

Trend in FII flows:– The FIIs were Net Value of Rs 207.33 segment while the DIIs were Net Value of 984.43 the provisional figures.

  • Securities in Ban For Trade Date 25-JUNE-2019
    IDBI
    JETAIRWAYS
    RELCAPITAL
    ADANIPOWER
    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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