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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 20 AUGUST 2019

Tuesday Equity Wrap Up

Closing Bell: The Sensex was down 74.48 points at 37,328.01, while Nifty was down 36.90 points at 11,017.

Benchmark indices ended lower on August 20 in the volatile trading with Nifty finished below 11,050 level. The Sensex was down 74.48 points at 37,328.01, while Nifty was down 36.90 points at 11,017. About 915 shares have advanced, 1500 shares declined, and 141 shares are unchanged. Maruti Suzuki, Tata Motors, HCL Technologies, Infosys and Dr Reddys Laboratories were among major gainers on the Nifty, while losers were Yes Bank, Indiabulls Housing, Britannia Industries, UltraTech Cement and IndusInd Bank. Among sectors, metal, PSU bank, energy, FMCG and infra witnessed selling pressure, while auto, IT and pharma stocks gained.

HEADLINES OF THE DAY

Markets end the day in red; PSU Banks plunge Nifty PSU Bank index closed ~2% lower as the sharp sell-off was seen in Bank of Baroda.

India’s July M&A value fell 52.7% yoy to $4.3bn on core sector slowdown, global trade tensions: Report Headwinds seen in the financial services space and a slowdown in the core sectors have affected the M&A deal space.

Adani Ports denies report of buying stake in Krishnapatnam Port At this point in time, there is no event/information that requires disclosure, the company stated in a news verification filing.

Gold prices fall with waning safe-haven demand Globally, gold prices eased as investors’ appetite for riskier assets rose on stimulus expectations as well as a rise in US dollar.

The crucial resistance for Nifty spot is now seen at 11130 and above this 11250 Support for the immediate term is now placed at 10900 next support will be 10800.

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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