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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 02 JAN 2020

Thursday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty scores a century, falls shy of record high.

The market continued its rally on second day of new calendar year with Nifty ended near the record high level. At close, the Sensex was up 320.62 points or 0.78% at 41626.64, while Nifty was up 99.70 points or 0.82% at 12,282.20. About 1722 shares have advanced, 770 shares declined, and 167 shares are unchanged.

HEADLINES OF THE DAY.

Markets finish higher; midcaps outperform in today’s trade The Nifty Midcap100 index continued its outperformance closing 1.5% higher.

Saffola Oil & Foods saw double-digit volume growth in Q3: Marico the Company expects some green shoots of recovery in Q4, on the back of focused marketing initiatives and pricing interventions taken in key portfolios, which have hit the shelves in the late stages of Q3 post clearing of older inventory in the channel.

TVS Motor two-wheeler sales down 17% yoy in Dec’19; stock slips 2% Motorcycle sales came in at 93,697 units in December 2019 as against sales of 1.07 lakh units in December 2018, down by 13% yoy.

European shares surge on trade optimism, China stimulus The STOXX 600 index rose 0.9% after declining for two sessions in a row.

Steel, Cement stocks jump in today session Cement manufacturer companies gained in today trade on expectations that the government’s recent push towards infrastructure creation will lead to a price hike on the back of increased demand.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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