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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 24 JANUARY 2020

capitalstars-Equity-market-Outlook

MORNING MAIL

Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 26 points loss or 0.21 percent.

Sensex settled in the green on January 23, supported by select heavyweights such as Infosys, Larsen & Toubro and ICICI Bank.
Market experts attributed the rebound in the market to the modest fall in crude oil prices and positive Q3 earnings by some bluechip companies, including L&T and Axis Bank.

Global Market:

Asian Markets: – Asian stocks quiet on Lunar New Year’s eve after a turbulent week. Asian markets were mostly muted Friday morning on the eve of Lunar New Year celebrations, signaling a cautious approach after a broad sell-off the previous day over growing coronavirus fears.

Hong Kong’s Hang Seng Index (HSI), which will close early for the holiday, fell 0.1% Friday. Japan’s Nikkei 225 (N225) was flat.

US Markets: – Stocks erase losses, S&P, Nasdaq close in the green. U.S. stocks fell Thursday morning before recovering, as disappointing earnings compounded with lingering global concerns as China worked to contain a potentially deadly disease that has so far sickened hundreds.

European Markets: – European stocks fell on Thursday as the European Central Bank left key monetary policy unchanged as expected, with investors backing away from perceived riskier assets such as equities amid a growing coronavirus crisis out of China.

Worries about international trade policy were also resurfacing for investors after comments made by President Donald Trump in Davos at the World Economic Forum.

Major Headlines of the day: –

Biocon’s net profit dips 7% yoy to Rs203cr in Q3FY20

HDFC Life reports flat PAT yoy at Rs251cr in Q3FY20

PNB Housing Finance posts 21% yoy dip in PAT for Q3FY20

Nippon India Life Asset Management posts 36% yoy rise in PAT for Q3


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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