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Wednesday 24 April 2019

Market Live By CapitalStars 25/Apr/2019


market live

Nifty likely to open flat

Nifty50 is likely to open flat-to-negative on Thursday following muted trend seen in other Asian markets. The index closed 150 points higher at 11,726 on Wednesday. Trends on SGX Nifty indicate a negative opening, a fall of 27.5 points or 0.23 percent. Nifty futures were trading around 11,709-level on the Singaporean Exchange. The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports, said a Reuters report. Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.50% while the Hang Seng is down 0.01%. The Nikkei 225 is not trading. 
US Markets: North and South American markets finished lower today with shares in Brazil leading the region. The Bovespa is down 0.92% while Mexico's IPC is off 0.23% and U.S.'s S&P 500 is lower by 0.22%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.63%, while the FTSE 100 led the CAC 40 lower. They fell 0.68% and 0.28% respectively.

Major Headlines of the day:

Rupee opens at 70.00 per dollar.

UltraTech Cement gains 5% post Q4FY19 numbers The company has reported consolidated revenue growth of 17.4% yoy to Rs10,905.2cr, broadly in-line with estimates.

Nifty IT gains 1% on rupee depreciation Heavy buying in Infibeam, HCL Tech, Tech Mahindra, Oracle Financial Services Software, Infosys, and TCS led the index rally.

IndusInd Bank adds 2% on NCLT nod for merger with BFIL At 1259 hrs, IndusInd Bank was quoting Rs 1686.75, up 1.94 percent on the BSE.

Sharekhan pays nearly Rs 3 cr to settle two cases with Sebi The regulator had initiated two adjudication proceedings against the broker for alleged violations of PFUTP (Prohibition of Fraudulent and Unfair trade Practices) norms as well as code of conduct of stock brokers and sub-brokers.

Earnings Reaction To Watch
AXISBANK
BIOCON
CYIENT
MARUTI SUZUKI
INDIABULLS VENT
TATA STEEL
SBI LIFE INSURANCE
MCX INDIA

Trend in FII flows:- The FIIs were Net Value of Rs 974.88 segment while the DIIs were Net Value of -657.06 the provisional figures.

Securities in Ban For Trade Date 25-APR-2019
1. IDEA
2. IDBI
3. DLF
4. ADANIPOWER
5. JETAIRWAYS
6. RPOWER


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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