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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 06 JAN 2020

Monday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Sensex plunges 788 points, Nifty finishes below 12,000; bank, financials, auto bleed.

The S&P BSE Sensex plunged more than 850 points in intraday trade while Nifty50 gave broke below 12,000 on the downside thanks to rising geopolitical concerns which send crude higher and India Gold to fresh record highs. Around 15:20 hours IST, the BSE Sensex was 790 points, or 1.90 percent, down at 40,675, while the Nifty50 was 235 points, or 1.92 percent, down at 11,992. The BSE Midcap and Smallcap indices were 2.35 percent and 1.93 percent down at that time.

HEADLINES OF THE DAY.

Bajaj Electricals’ board approves allotting equity shares via rights issue; stock up ~1% The Board, including its duly constituted committee shall decide other terms in relation to the Issue, including the Issue price, rights entitlement ratio and record date.

BSE Oil & Gas index down over 250 points led by HPCL, BPCL HPCL was among top losers on the BSE Oil index, down 5%, followed by BPCL, which fell 3%.

Sabha Ltd. gains on reporting robust performance in Q3FY20 the total sales volume went up by 17% in Q3FY20 as compared to Q3FY19, and by 9% during 9MFY20 compared to 9MFY19.

Magma Fincorp raised new liabilities over Rs2,150cr from long-term sources in Q3FY20 The company has adequate liquidity cushion of over Rs2,300cr at a consolidated level as on December 31, 2019, against its debt repayments due amounting to just about Rs425cr till March 2020
.
Man Industries gains 2.5% after receiving Rs400cr order Man Industries, part of Man Group, is a leading manufacturer and exporter of large diameter Carbon Steel Line Pipes.


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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