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Sunday, 7 July 2019

Market Live By CapitalStars 08/July/2019

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Nifty likely to open lower.

The Nifty50 is expected to open lower on Monday tracking Asian markets which were trading mixed as investors wagered on a less aggressive policy easing in the United States. U.S. stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong U.S. payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting, said a Reuters report. The S&P BSE Sensex fell 394 points to 39,513 while the Nifty50 closed 135 points lower at 11,811 on Friday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 51 points or 0.43 percent. Nifty futures were trading around 11,766-level on the Singaporean Exchange.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 2.54% while the Hang Seng is down 1.68%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.44%, while the S&P 500 led the IPC lower. They fell 0.18% and 0.13% respectively.
European Markets: European markets finished lower on Friday with shares in London leading the region. The FTSE 100 is down 0.66% while Germany's DAX is off 0.49% and France's CAC 40 is lower by 0.48%.

Major Headlines of the day:

Rupee stands at 68.57 per dollar.

Lemon Tree executes share purchase agreement to acquire Key Hotels LemonTree Hotels released a note on the exchanges on July 5 post market hours to announce that its board has decided to execute a share purchase agreement to acquire Key Hotels.

Businesses with less than Rs5cr annual turnover to file quarterly GST returns: FM Sitharaman said that GST rates have been reduced significantly where relief of about Rs92,000cr per year has been given.

Lower rate of 25% Corporate Tax extended to companies with Annual Turnover up to Rs400c from earlier cap of upto Rs250cr The Finance Minister said that more than 120 crore Indians now have Aadhaar and the proposal aims at ease and convenience of taxpayers.

Trend in FII flows:- The FIIs were Net Value of Rs -89.38 segment while the DIIs were Net Value of 275.63 the provisional figures.

Securities in Ban For Trade Date 08-JULY-2019

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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