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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 13 AUGUST 2019

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Market Live: Nifty likely to open flat.

The Nifty50 is expected to open flat on Tuesday following Asian markets which were trading largely mixed as fears about a drawn-out Sino-US trade war, protests in Hong Kong and a crash in Argentina peso currency drove investors to safe harbours like bonds, gold, and the yen. The sentiment was already weak due to increasing signs that the United States and China will not quickly resolve their year-long trade war, said a Reuters report. Markets were hit with further turbulence after protesters managed to close down Hong Kong airport on Monday, it said. Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.32 percent gain or 35.5 points. Nifty futures were trading around 11,125-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 0.66% while the Hang Seng is down 1.38%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished sharply lower today with shares in Brazil leading the region. The Bovespa is down 2.11% while Mexico’s IPC is off 1.41% and U.S.’s S&P 500 is lower by 1.22%.
European Markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.37% while France’s CAC 40 is off 0.33% and Germany’s DAX is lower by 0.12%.

Major Headlines of the day:
Rupee stands at 71.14 per dollar.
Saudi Aramco and Reliance Industries sign non-binding LoI to acquire a 20% stake in company oil & chemicals division Saudi Aramco potential 20% stake is based upon an Enterprise Value of US$ 75bn for the O2C division.
Syndicate Bank revises its MCLR rate; reduces it by 25bps The bank will continuously work towards offering a greater reduction in various products in the coming days based on external market benchmarks.

Earnings Reaction To Watch
BHARATFORGE
BLUESTAR
COALINDIA
GLENMARK
GNFC
GODREJIND
MANNAPURAM FIN
ONGC
RITES

Trend in FII flows:- The FIIs were Net Value of Rs 203.73 segment while the DIIs were Net Value of 606.92 the provisional figures.

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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