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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 06 DEC 2019

Friday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty ends below 11,950, Sensex falls 334 pts; PSU banks worst hit.

Benchmark indices ended lower but off day’s low on the back of buying seen in the last hour of trade helped Nifty to close above 11,900 mark. At close, the Sensex was down 334.44 points or 0.82% at 40445.15, while Nifty was down 104.20 points or 0.87% at 11914.20. About 863 shares have advanced, 1634 shares declined, and 178 shares are unchanged. Yes Bank, SBI, Zee Entertainment, IndusInd Bank and GAIL were among major losers on the Nifty, while gainers were Bharti Infratel, Kotak Mahindra Bank, JSW Steel, Tata Steel and Dr Reddys Laboratories. All sectoral indices ended lower led by the PSU Banks, auto, pharma, energy, infra, metal and IT.

HEADLINES OF THE DAY.

JSW Steel to file application with NCLAT in relation to Vardhman Industries acquisition The Company had preferred an appeal before the Hon’ble National Company Law Appellate Tribunal (NCLAT) challenging certain portions of NCLT Orders, and the Judgment on the same has been pronounced on December 4, 2019 by the Hon’ble NCLAT.

RBI imposes penalty on Andhra Bank for violation of KYC, AML norms; stock down 3% the bank added that it has already taken preventive measures.

JB Chemicals & Pharma to buyback 29.54 lakh shares; stock up 1 The buyback offer will open on December 16, 2019, and will close on Monday, December 30, 2019, the company added.

Dr Reddy’s launches Deferasirox tablets in US market; stock up 2% Dr. Reddy’s Laboratories announces the launch of D.eferasirox Tablets for Oral Suspension, in the US market.

Maruti Suzuki recalls 63,493 Petrol Smart Hybrid variants of Ciaz, Ertiga and XL6 model Recall campaigns are undertaken globally to rectify faults that may be potential safety defects. The Company will inspect 63,493 vehicles of petrol SHVS of Ciaz, Ertiga and XL6 for a possible issue with the Motor Generator Unit (MGU).


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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