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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 13 JAN 2020

Monday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty ends 55 pts shy of record high; Yes Bank sinks 5% after independent director resigns.

Benchmark indices ended higher for the second consecutive day on January 10 with Nifty recorded a fresh high of 12,311.20 during the session. At close, the Sensex was up 147.37 points or 0.36% at 41599.72, while Nifty was up 40.60 points or 0.33% at 12256.50. About 1389 shares have advanced, 1133 shares declined, and 171 shares are unchanged. Coal India, Gail, Maruti Suzuki, Infosys and UltraTech Cement were among major gainers on the Nifty, while losers include Yes Bank, Zee Entertainment, ICICI Bank, IndusInd Bank and Titan Company.

HEADLINES OF THE DAY.

Domestic passenger vehicle sales dips 1.2% in December: SIAM Motorcycle sales for December declined 12% to 6.97 lakh units as against 7.93 lakh units a year earlier.

Emami Paper Mills locked in 10% upper circuit after posting robust Q3 show Net sales rose 7.4% yoy to Rs400.08cr in the quarter ended Dec 2019.

Oil prices slip further as Middle East stabilizes Oil prices dropped today as well continuing days of losses as the threat of war in the Middle East receded and investors focussed on economic growth prospects and the rise in U.S. crude reserves.

Ashok Leyland partners with ABB Power Products in the public electric mobility space the partnership aims to expand eco-system for efficient and greener electric bus transportation systems in India, the companies said in a statement.
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KNR Constructions to sell entire stake in a BOT asset; stock up 9% KNR Constructions to sell entire stake in a BOT asset for an enterprise value of Rs530cr; stock up 8%.


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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