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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 29 NOVEMBER 2019

capitalstars-Equity-market-Outlook

MORNING MAIL

Market Live: Nifty seen opening lower.

Nifty is expected to open lower on November 29, tracking mixed global cues over worries that the new United States law backing Hong Kong protesters could hit prospects of a US-China trade deal. As per Reuters, China warned the US on November 28 that it would take firm counter-measures in response to their legislation backing anti-government protesters in Hong Kong. Trends on SGX Nifty indicate a negative opening for the broader index in India. Around 08:00 hours IST, Nifty futures was 9 points, or 0.07 percent, down at 12,177 on the Singapore Exchange.

Global Market:

Asian Markets: – Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.13% while the Hang Seng is down 1.87%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished higher on Wednesday with shares in Brazil leading the region. The Bovespa is up 0.54% while U.S.’s S&P 500 is up 0.42% and Mexico’s IPC is up 0.15%.

European Markets: – European markets finished lower today with shares in Germany leading the region. The DAX is down 0.31% while France’s CAC 40 is off 0.24% and London’s FTSE 100 is lower by 0.18%.

Major Headlines of the day: –

Rupee stands at 71.69 per dollar.

CG Power cancels royalty pact worth Rs411.2cr with Avantha Holdings This is in reference to the Royalty Agreement which envisaged 50% of brand royalty payable by the Company to AHL in perpetuity aggregating to Rs411.20cr for part settlement of outstanding loans due from Avantha group of companies.

Aurobindo Pharma: USA unit entered in pact with Profectus Biosciences to buy certain business assets for $11.29 million. CG Power: Company cancelle

Trend in FII flows: – The FIIs were Net Value of Rs 1008.89 segment while the DIIs were Net Value of the -155.47provisional 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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