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CAPITALSTARS – INDIAN EQUITY MARKET OUTLOOK – 15 JAN 2018

Indian equities to open on record highs backed by strong IIP data; Indian Indices: The Indian equity benchmark indices are likely to open on a positive note today, tracking favourable cues from Nifty futures on the Singapore Stock Exchange and firm global peers. Bullish trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,727.50, up by 41 points or 0.38%, at 11:30 AM Singapore time, also signaled a positive opening for the domestic equity bourses. Strong industrial production will boost investors’ sentiments. Data released on last Friday showed that Index of Industrial Production (IIP) rebounded in November, rising by 8.4%. However, rise in the Consumer Price Index (CPI)­based inflation for December may weigh on the sentiments. India’s retail inflation hit a fresh high, rising 5.2% in December, mainly due to hardening housing, fuel and food prices.        On the stock front Shares of Infosys Ltd will remain in focus as the IT major reported 37.6% growth on net profit on sequential basis at Rs 5,129 crore for the quarter ended December 31, 2017. Notably, the company has kept its FY18 revenue guidance unchanged. Shares of India’s largest mortgage lender, HDFC Ltd. will be in focus as the company has bagged a Rs 11,104 crore investment from marquee investors and this would lead to a stake dilution of 3.87%. On the Earning front Companies including DELTACORP, FEDERAL BANK, MUTHOOT CAP, GALLANT

CAPITALSTARS – INDIAN EQUITY MARKET OUTLOOK – 12 JAN 2018

Markets expected to open in the green on the back of strong global cues; Indian Indices: Benchmark indices are open at record high on Thursday as investors remained optimistic ahead of Infosys earnings later today and the federal budget next month. The domestic equity market is likely to witness a positive opening today tracking firm Nifty futures on the Singapore Stock Exchange and strong cues from global markets. Bullish trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,691, up by 33.50 points or 0.31at 11:34 AM Singapore time, also signaled a positive opening for the domestic equity bourses. Dalal Street investors would react to Q2FY18 earnings numbers of India’s largest software company, Tata Consultancy Services (TCS) as net profit dropped 3.9% YoY to Rs 65.45 billion, while its revenues rose at higher­ than expected rate of 2.7% to Rs 317.7 billion driven by large deals and increasing contribution in digital verticals from clients such as Nielsen and Rolls Royce. Moreover, investors’ focus will be on Infosys’ Q3FY18 earnings scheduled to be released today. Wall Street Update Wall Street closed at record highs on Thursday supported by rising crude oil prices that lifted energy stocks and investors bet on a upbeat U.S. corporate earnings season. Previous Day Roundup The Indian equities closed higher, paring early losses, tracking muted cues from Asian peers, as investors remained wary ahead of beginning of the corporate earnings result. Global Market: Major

CAPITALSTARS – INDIAN EQUITY MARKET OUTLOOK – 11 JAN 2018

Markets expected to be volatile ahead of weekly bank expiry and result announcements; Indian Indices: Negative opening is likely for the domestic equity market today tracking weak cues from Nifty futures on the Singapore Stock Exchange and global peers. weak SGX Nifty Index Futures for January delivery, which were trading at 10,626.50, down by 12.00 points or 0.11at 11:36 AM Singapore time, also signaled a negative opening for the domestic equity bourses. Dalal Street investors would react to reports stating that theEconomists, in a meeting with Prime Minister, have recommended re­imposition of the long­term capital gains tax

CAPITALSTARS – INDIAN EQUITY MARKET OUTLOOK – 10 JAN 2018

Markets indicating a flat opening as crude hits a 3 year high; Indian Indices: The domestic equity benchmark indices are likely to witness a flat to positive opening today tracking soft cues from Nifty futures on the Singapore Stock Exchange and global peers. flat SGX Nifty Index Futures for January delivery, which were trading at

CAPITALSTARS – INDIAN EQUITY MARKET OUTLOOK – 09 JAN 2018

Sensex, Nifty open at fresh record high; Coal India top gainer Indian Indices: SGX Nifty indicating a positive opening for the Indian markets. The government will today begin a sale of 1.5% stake in NMDC at a floor price of Rs153.50 a piece, fetching Rs750cr to the government. Share price of Coal India added more

CAPITALSTARS – INDIAN EQUITY MARKET OUTLOOK – 08 JAN 2018

Sensex extends gain to over 200 points, Nifty above 10,600; Sun Pharma up 4% India’s growth rate may slow down to its lowest level in 4 years. Advance estimate for FY18 pegs gross value added (GVA) growth at 6.1 percent much below street estimates and well below the Reserve Bank of India (RBI) estimate of

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