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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 05 DEC 2019

Thursday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty Bank falls close to 1% after RBI maintains status quo

Benchmark indices witnessed volatile session and ended lower on December 5 after Reserve Bank of India (RBI) kept its repo rate unchanged at 5.15 percent with accommodative stance. At close, the Sensex was down 70.70 points at 40,779.59, while Nifty was down 24.80 points at 12,018.40. About 1111 shares have advanced, 1339 shares declined, and 188 shares are unchanged.

HEADLINES OF THE DAY.

Nifty Bank dips as RBI keeps rate unchanged Among the top loses were IDFC First, PNB, Yes Bank, and RBL Bank, which were down ~2% followed by IndusInd Bank, SBI, and Federal Bank down 1.5% each.

Fifth Bi-monthly Monetary Policy Statement, 2019-20 by Shaktikanta Das the MPC decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15%.

Gayatri Projects stock soars as subsidiary to sell stake in Sembcorp Energy Gayatri Energy Ventures (GEVPL), the companys wholly-owned subsidiary, has proposed to sell its 5.95% stake in Sembcorp Energy India (SEIL).

BSE Telecom index slips 2% led by Airtel, Vodafone Idea Bharti Airtel, Vodafone Idea, MTNL and Bharti Infratel were among top losers on the telecom index.

Goa Carbon shuts down Paradeep unit for maintenance the temporary shut-down is from Tuesday, December 3, 2019.


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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