GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 22 JANUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Nifty likely to consolidate further; Axis Bank, L&T earnings today.

Trends on SGX Nifty indicate a positive opening for the index in India, with a 68 points, or 0.56 percent, gain. The Nifty futures were trading around 12,116-level on the Singaporean Exchange.

Global Market:

Asian Markets: – Asia Stocks Edge Up After Virus-Triggered Sell-Off. Asia stocks mostly rallied, recovering a fraction of Tuesday sell-off triggered by evidence of the contagiousness of China coronavirus and concern with the potential economic implications. Haven assets steadied after gains and U.S. equity futures ticked higher.

US Markets:-  U.S. equities fell on reports that a deadly respiratory illness that originated in China had migrated to the U.S., spurring concern about the potential economic impact.

European Markets: – Virus worries rattle Asian markets, and the gloom spreads to Europe. A deadly virus emanating from China helped bring this year’s global risk rally to a halt yesterday, hammering sentiment in Asian markets before the gloomy mood spilled over into Europe.

Major Headlines of the day: –

HDFC AMC’s net profit surges 45% yoy in Q3FY20

ZEEL posts ~38% plunge in PAT at Rs349cr for Q3FY20

Biocon receives Rs536.25cr as subscription money from True North Fund

ICICI Prudential Life’s net profit up 1.9% yoy to Rs302.5cr


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