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Monday 22 July 2019

Market Live By CapitalStars 23/July/2019



Nifty likely to open higher

The Nifty50 is expected to open higher on Tuesday following Asian markets which were trading mixed. Overnight, the S&P 500 climbed towards a record high supported by expectations of lower interest rates across the world. The European Central Bank meets on Thursday and money markets are pricing in a more than 50% chance of a 10-basis-point cut in interest rates. Federal Reserve officials are set to meet just days later, and are widely expected to lower rates by at least 25 basis points, said a Reuters report. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 18 points or 0.16 percent. Nifty futures were trading around 11,356-level on the Singaporean Exchange. The rupee depreciated by 12 paise to close at 68.92 against the US dollar on July 22 tracking heavy losses in the domestic equity market and a spike in crude oil prices following Iran's seizure of a British tanker.

Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.13% while the Hang Seng is up 0.15%. 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 0.48% and the S&P 500 rose 0.28%. The IPC lost 0.95%.
European Markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.26% while Germany's DAX is up 0.24% and London's FTSE 100 is up 0.08%.

Major Headlines of the day:

Rupee stands at 69.00 per dollar.

Hindustan Unilever Q1FY20E Result Expectation Moderation in rural growth; company is expected to report 6% yoy volume growth. Commentary on competition and pricing to watch out for.

ZEE Entertainment Q1FY20E Result Expectation Revenue to grow by 9.0% yoy; advertisement revenue to grow at a moderate rate. Commentary on stake sale to watch out for.

TVS Motor Q1FY20 PAT declines 2.9% yoy at Rs142.3cr The company reported revenue growth of 7.2% for the first quarter of FY20 at Rs4,469.8cr from Rs4,171cr in the quarter ended June 2018.

Earnings Reaction To Watch
LT
ZEEL
DCMSHRIRAM
HDFC LIFE
HINDUNILVR
JYOTHY LABS
KAJARIA CERAMIC
M&M FINANCIAL
LINDE IND
NIITTECH
SBILIFE
TORRENT PHARMA

Trend in FII flows:- The FIIs were Net Value of Rs -1916.91 segment while the DIIs were Net Value of 1829.90 the provisional figures.

Securities in Ban For Trade Date 23-JULY-2019
DISHTV
IDBI
DHFL
RELINFRA


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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