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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 16 October 2019

Wednesday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty ends above 11,450, Sensex up 92 points; BPCL, Bajaj Finance top gainer.

Benchmark indices continued their upward momentum for the fourth consecutive day on October 16 with Nifty ended above 11,450 level. At close, the Sensex was up 92.90 points at 38,598.99, and the Nifty was up 43.25 points at 11,471.55 Bajaj Finance, Zee Entertainment and Grasim Industries were among major gainers on the Nifty, while losers were Hero MotoCorp, Vedanta, Hindalco and Asian Paints.

HEADLINES OF THE DAY

Kokuyo Camlin stock spurts 8% after good set of Q2 numbers The Company Q2FY20 net profit doubled at Rs2cr as against Rs1cr in the same quarter last year.

Vodafone Idea demerges with Vodafone Towers for transfer of Fiber infrastructure; stock up 7% The Company said that sanction of the Scheme of Arrangement between the company and its wholly-owned subsidiary Vodafone Towers Limited (VTL), for transfer of Fiber Infrastructure Undertaking of the Company to VTL, by way of demerger.

DB Corp PAT rises 63.6% you to Rs75.6cr Advertising revenue came in at Rs367cr in Q2FY20 vs. Rs413.2cr in Q2FY19. Circulation Revenue stood at Rs128.6cr vs. Rs131.8cr in Q2FY19

ICICI Lombard stock tumbles over 4% after block deals as per media reports, ~2.23cr shares or 4.9% equity changed hands in two bunched trades on the NSE.

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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