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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 22 NOV 2019

Friday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty holds 11,900, Sensex falls 215 pts; metal stocks shine.

Benchmark indices ended lower but off day’s low as buying in metal and energy stocks helped Nifty to hold above 11,900. At close, the Sensex was down 215.76 points or 0.53% at 40359.41, while Nifty was down 54 points or 0.45% at 11914.40. About 1220 shares have advanced, 1306 shares declined, and 184 shares are unchanged. Bharti Infratel, Infosys, Asian Paints, TCS and UPL were among major losers on the Nifty, while gainers included Eicher Motors, Tata Steel, Zee Entertainment, JSW Steel and NTPC.

HEADLINES OF THE DAY.

Alembic Pharma gets USFDA approval for Deferasirox tablets; stock up 1% The Company has received the US Food & Drug Administration (USFDA) final approval for Deferasirox Tablets 90 mg and 360 mg.

Coal supply by CIL to power sector drops by 8.5% in April-October: PTI The supply of coal to power sector by CIL in October dropped by 19.3% to 33.8MT, over 41.9MT in October last fiscal.

RBI appoints an Advisory Committee to Advise the Administrator of DHFL; stock up 5% The Reserve Bank, in exercise of powers conferred under section 45 IE 5(a) of the RBI Act 1934, has today constituted a three-member Advisory Committee to assist the Administrator of DHFL in the discharge of his duties, the central bank said in the press note.

CSB Bank IPO subscribed 35% so far on Day 1 of bidding the reserved category of retail investors was fully subscribed (1.84 times), non-institutional investors received subscription of 5%, and qualified institutional buyers are yet to subscribe.

Oil retreats on trade uncertainty, despite reports of supply cut extension by OPEC The decline in oil prices followed a Reuters report that OPEC+ was likely to extend existing oil output cuts when they meet next month until mid-2020.


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

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