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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 07 NOV 2019

Thursday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Sensex ends at record closing high.

Sensex ended 215.02 points higher or 0.53 percent at 40684.80, and the Nifty closed at 12016.10. About 1286 shares have advanced, 1136 shares declined, and 165 shares are unchanged. IndusInd Bank, Infosys and HDFC are the top gainers while Indiabulls Housing Finance, YES Bank and Bharti Infratel are the most active stocks.

HEADLINES OF THE DAY.

HPCL Q2 profit rises 30% to Rs 1,052 cr QoQ; GRM misses estimates the revenue from operations fell 14.3 percent sequentially to Rs 60,862 crore during the July-September period.

Booster plan for real estate may have a multiplier effect; top 26 stocks that may benefit the most VK Vijay Kumar of Geojit Financial Service feels the proposed AIF is better than the earlier one since this also includes projects referred to NCLT.

Report about changes in terms of investments to CRAs, valuation agencies: Sebi to MFs A money market fund, in market parlance, is an open-ended mutual fund which invests in short-term debt securities like treasury bills and commercial paper. Debt security fund invests in fixed income securities like bonds and Treasury bill.

Ongoing crises in auto and real estate sectors dent chances of any near-term economic recovery the recent government steps to boost the economy through corporate tax rate cuts and other incentives and a series of rate cuts by the Reserve Bank of India have improved the sentiment.

Godrej Consumer share price climbs 3% after CLSA upgrades rating, raises target on Q2 earnings CLSA raised target price on the stock by 29 percent to Rs 900 from Rs 700 per share earlier.

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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