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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 07 FEBRUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Trends on SGX Nifty indicate a flat opening for the broader index in India, with a 5 points loss or 0.04 percent.

Market benchmarks Sensex and Nifty extended their winning streak into the fourth consecutive session on February 6 after the Reserve Bank of India announced measures that are seen as positive for bank, auto and real estate sectors.
Sensex ended the day at 41,306.03, up 163 points or 0.40 percent while Nifty closed with a gain of 49 points or 0.40 percent.

Global Market:

Asian Markets: – A mid-week rally in Asian share markets halted on Friday and oil prices steadied as the growing death toll and economic damage from a new virus spreading from China curbed further gains. MSCI broadest index of Asia-Pacific shares outside Japan eased 0.5% on Friday as the lingering anxiety over the virus outbreak tempered the mood, though it is still up 3.2% for the week. Japan’s Nikkei and Korea’s Kospi headed lower in morning trade, but are on track for their best week of the year after earlier rises.

US Markets: – US stocks gained for a fourth straight session on Thursday and Wall Street main indexes hit record highs as concerns eased over the economic fallout from the coronavirus outbreak in China. The Dow Jones Industrial Average rose 88.92 points, or 0.3%, to 29,379.77, the S&P 500 gained 11.09 points, or 0.33%, to 3,345.78 and the Nasdaq Composite added 63.47 points, or 0.67%, to 9,572.15.

European Markets: – Europe markets close higher as investors monitor earnings; Deutsche Bank spikes 12.5%.

Major Headlines of the day: –

Indiabulls Housing Finance: Credit Suisse Singapore sold 40,21,973 shares of the company for Rs 127.1 crore in a bulk deal on NSE on February 6.

Hero MotoCorp: Q3 profit rises 14.5 percent to Rs 880.4 cr, revenue drops 11 percent to Rs 6,996.7 cr YoY.

Aurobindo Pharma: Q3 profit dips 1 percent to Rs 705.3 cr, revenue rises 11.9 percent to Rs 5,895 cr YoY.

IGL Q3: Net Profit down 25.5% at Rs 283.8 cr Vs Rs 381 crore, revenue down 1.7% at Rs 1,664.2 cr Vs Rs 1,692.4 crore, QoQ


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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