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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 12 SEPTEMBER 2019

market-wrap-up

Closing Bell: Sensex falls 167 pts, Nifty ends below 11,000; RIL, IT, auto stocks drag.

“Market had done well in the last one-week and bounced back from the oversold region which was heavily impacted last month by poor economic data. Today it is waiting for the next set of updated data to understand whether the worst for the economy is over or if this slowdown will continue in the short-term. The outlook on these upcoming data is weak which is likely to be supported by more rate cut by RBI in the next month policy meet,” Vinod Nair, Head of Research, Geojit Financial Services said. pressure.

HEADLINES OF THE DAY

European stocks volatile ahead of ECB meet; Asian markets close higherPresident Donald Trump said he would delay the next US tariff rise on China by around two weeks following reports that China is considering American farm imports.

Granules India gets EIR from USFDA for Bonthapally facility; stock climbs 5%The USFDA has issued an Establishment Inspection Report (EIR) for Bonthapally facility located at Hyderabad, Telangana, India.

Apollo Hospitals promoter group sells 3.6% stake via block deal; stock down 2%Post this divestment, the promoter group’s stake in the company would constitute 30.8% of the paid-up equity capital.

Dishmon Carbon gets nod for TB drug Bedaquiline Fumarate; stock up 6%Innovator Company of this drug, M/S Janssen Pharmaceutica, Europe had applied for a license for export as well as domestic (India) supply with all required data and clinical trial records required by the office of Drug Controller General of India, the company stated. 10600.

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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