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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 15 JANUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Market Live: Nifty likely to consolidate near 12,350.

Indian market hit a fresh record high on Tuesday but signs of consolidation at higher levels are emerging fast, suggest market experts. But, any dip towards 12,300 on the Nifty50 should be used as a buying opportunity, they say. Trends on SGX Nifty indicate a positive opening for the index in India, with a 31.5 points, or 0.25 percent, gain. The Nifty futures were trading around 12,389-level on the Singaporean Exchange.

Global Market:

Asian Markets: – Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.72% while the Hang Seng is down 0.68%. The Nikkei 225 is not trading.

US Markets: –  North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.26%, while the IPC led the S&P 500 lower. They fell 0.17% and 0.15% respectively.

European Markets: – European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.08% while London’s FTSE 100 is up 0.06% and Germany’s DAX is up 0.04%.

Major Headlines of the day: –

Rupee stands at 70.97 per dollar.

Commodity Mantra Morning Update: Gold up; Oil, base metals negative Here is the global trend and our view on Commodities.

SGX Nifty indicates a negative opening for Indian markets for today, the money flow continues to chase value in mid-caps as large caps see profit booking with ICICI Bank & Reliance shedding some weight.

Trend in FII flows: – The FIIs were Net Value of Rs -205.56 segment while the DIIs were Net Value of the 642.47provisional figures.


 

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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