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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 30 DEC 2019

Monday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Nifty ends above 12,250; Nifty PSU bank slips 1.2% as RBI sees NPAs rising in FY21

Indian indices ended with little change in the volatile session on December 30 with Nifty above 12,250. At close, the Sensex was down 17.14 points at 41,558.00, while the Nifty was up 10.10 points at 12,255.90. About 1423 shares have advanced, 1108 shares declined, and 192 shares are unchanged. Tata Motors, Eicher Motors, UPL, Vedanta and Hero MotoCorp were among major gainers on the Nifty, while losers were Yes Bank, ICICI Bank, SBI, IOC and Axis Bank.

HEADLINES OF THE DAY.

Dr Reddy’s inches up on launching Sodium Nitroprusside Injection in US the Nitropress brand and generics had US sales of ~$8 million MAT for the most recent twelve months ending in October 2019, according to IQVIA Health.

Gujarat Narmada Valley advances Dahej plant shutdown amid slowdown the said plant will remain under shutdown from December 27, 2019 to January 15, 2020.

Piramal Enterprises to raise Rs2,750 via private placement of NCDs The private placement is for up to 27,500 Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures of the face value of Rs10,00,000/- each.

Asian markets trade flat; Shanghai Composite index up ~1% on the economic front, Japan will see October numbers for vehicle production today.

Prince Pipes and Fittings lists at Rs160 on NSE, BSE The stock lists at a discount of 10.1% at Rs160 on the NSE vs. issue price of Rs178.


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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