GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 18 FEBRUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 29 points loss or 0.24 percent.

Benchmark indices Sensex and Nifty on February 17 ended in the red for the third consecutive session as investor sentiment remained fragile due to concerns over India’s economic growth and the impact of Supreme Court’s AGR order on telecom and banking stocks.
Sensex closed 202 points, or 0.49 percent, down at 41,055.69 while Nifty ended 68 points, or 0.56 percent, lower at 12,045.80.

Global Market:

Asian Markets: – Shares in Asia fell as the new coronavirus outbreak continued to roil companies amid expectations it would cause a slowdown. Japan Nikkei 225 tumbled 0.65% in early trade, after the previous day losses. The Kospi also slipped 0.75% and Australia ASX 200 declined 0.23% in the morning trade.

Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 29 points loss or 0.24 percent. The Nifty futures were trading around 12,043-level on the Singaporean Exchange.

US Markets: Closed yesterday.

Major Headlines of the day: –

JSW Steel: – JSW Steel declares preferred bidder for 3 iron ore mines in Odisha

Reliance Industries : – Reliance Industries announced a consolidation of its media and distribution businesses spread across multiple entities into Network 18

Tata Motors: – The company is planning to raise Rs 500 crore through the issue of securities for which a committee of its board will meet on February 24.

Grasim Industries: – Board approves raising Rs 500 crore via NCDs on a private placement basis.


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.

Leave a Reply

Checking...

Ouch! There was a server error.
Retry »

Sending message...

ASK AN EXPERT


CapitalStars FORUM