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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 29 NOV 2019

Friday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Sensex, Nifty plunge after 2-day gains; 5 factors behind the fall.

After posting gains in the previous two straight sessions, bourses witnessed sharp profit-booking on November 29 with Sensex falling below 41,000 and Nifty started the December series on a weak note. The BSE Sensex was down 336.36 points to close at 40,793.81 and the Nifty50 fell 95.20 points to 12,056. The broader markets outperformed frontliners though the market breadth was moderately weak as about 1,319 shares declined against 1,209 advancing shares on the BSE.

HEADLINES OF THE DAY.

NTPC adds 250MW unit of Barauni Thermal Power Station to installed capacity with this, the total installed capacity of NTPC and NTPC group has become 48,895MW and 57,356MW, respectively.

HCC’s Supreme Court win strengthens course of Arbitration in Country; stock up 4% The EPC sector has been plagued by non-payment of arbitration awards, which mainly comprise delay damages on account of overstays at the site. HCC has 56 arbitration awards outstanding totalling Rs6, 419cr.

Granules India gets EIR; stock down 1.5% this facility was inspected by USFDA in August 2019 and there were two minor observations during the inspection, the company said.

Bharti Airtel, RCom gain on former submitting bid to buy RCom assets Along with Bharti Airtel, VFSI Holdings and UV Asset Reconstruction Company Limited have also submitted their bids.

On Mobile Global soars as promotor extends time for sale of shares The Company had intimated that OMSI entered into a share purchase agreement dated September 13, 2019, with Jump Networks Limited.


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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