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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 18 NOV 2019

Monday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – As market consolidates these 10 large, midcaps may return 10-29% in next 12 months.

The market continued to consolidate for the second consecutive week after rallying about 12 percent in the last two months on the back of constant government measures and better-than-expected corporate earnings. Experts expect the consolidation to continue due to the absence of any major domestic cue during the month, while global news flow could likely impact the markets. “Since the result season is almost over, Mr. Market will take cues from international factors namely US-Sino trade deal, Trump impeachment and the nitty-gritty of long-awaited Saudi Aramco IPO.

HEADLINES OF THE DAY.

BHEL commissions 14 pumping units of Kaleshwaram lift irrigation scheme in Telangana BHEL’s scope in the project comprises Electrical & Mechanical (E&M) works, including design, manufacture, supply and supervision of erection & commissioning of these vertical pump-motor sets along with associated auxiliaries in each package.

Wockhardt jumps 12% on reports of companies’ interest in buying select businesses the exchange has asked the company to clarify the reports. A clarification from the company is awaited.

Zydus Cadila announces second Phase 3 trial of Desidustat; stock up ~4% “We believe that Desidustat has the potential to provide an oral, safer alternative to the currently available therapy which is in an injectable form,” Pankaj R. Patel said.

Ashoka Buildcon’s arm declared L-1 bidder for NHAI project worth Rs1,000cr in Telangana The quoted bid project cost is Rs1,000cr, the company said in the filing..

Gold slips as US & China get closer to phase-I trade deal Gold slipped from its key $1,500 level early November after Federal Reserve Chair Jerome Powell suggested that the Fed would not go for any more rate cuts this year.


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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