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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 16 JANUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Nifty likely to hold 12,300; Nalco, Bajaj Auto top buys.

The Nifty50 is expected to hold on to its crucial support placed at 12,300 levels and any dips towards that level is likely to get bought into.
World stocks inched to a record high on Thursday after the United States and China signed a deal to defuse their 18-month trade war, which has weighed on global economic growth and hampered investments.

Global Market:

Asian Markets: – Asia markets muted after US and China signed a partial trade agreement

US Markets: –  The Dow Jones Industrial Average DJIA, +0.31% rose 90.55 points, or 0.3%, at 29,030.22, while the S&P 500 index SPX, +0.19% gained 6.14 points, or 0.2% to 3,289.29, while the Nasdaq Composite Index COMP, +0.08% gained 7.37 points, or 0.1%, to close at 9,258.70.

European Markets: – European stocks struggle amid renewed U.S.-China trade concerns. The German DAX 30 index DAX, -0.18% was flat at 13,443, while the French CAC 40 index PX1, -0.14% was equally unchanged at 6,036.30. The U.K. FTSE 100 index UKX, +0.27% inched up 0.1% to 7,633.47.

Major Headlines of the day: –

Bank of India to sell its entire stake of 3.05% in Equifax Credit Information Services.

Sterlite Technologies reports 38% yoy decline in PAT for Q3FY20

Indian Oil Corporation raises capital aggregating to Rs2,000cr

CCI orders probe against Asian Paints


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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