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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 01 NOV 2019

Friday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty ends below 11,900, Sensex holds 40K; Yes Bank top loser ahead of Q2 result.

Market remained volatile on November 1 with Nifty ended first session of November series below 11,900. The Sensex was up 35.98 points or 0.09 percent at 40165.03, and the Nifty ended up 13.10 points or 0.11 percent at 11890.60. Among the sectors, Nifty Metal along with PSU banks were the top performers while auto and oil & gas stocks dragged the most. The top gainers included Zee Entertainment, Bharti Infratel, IndusInd Bank and Tata Steel while the top losers included YES Bank, TCS, IOC, Mahindra & Mahindra and Asian Paints.

HEADLINES OF THE DAY.

M&M’s Passenger Vehicles segment sales decline 23% In the Commercial Vehicles segment, the company sold 23,582 vehicles in October 2019, as against 24,353 vehicles in October 2018.

Maruti Suzuki reports 4.5% yoy rise in Oct’19 sales Total exports were up 5.7% yoy, while domestic sales were up 2.5% yoy.

Kansai Nerolac Paints registers PAT growth of 59.4% in Q2 For the quarter, the company declared the net sale of Rs1, 237cr a de-growth of 3.8% over the corresponding quarter of the previous year.

Hawkins Cookers stock jumps 5% after good Q2 outcome EBITDA went up 29.6% at Rs35.8cr in Q2FY20 against Rs27.6cr while, EBITDA margin stood at 18.6% against 16%.

Bank of India reports PAT of Rs266cr as provisions decline the bank’s gross NPA stood at 16.31% vs. 16.5% QoQ, while net NPA stood at 5.87% vs. 5.79% QoQ.

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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