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Thursday, 25 July 2019

Market Live By CapitalStars 26/July/2019

Market Live

Nifty flat in pre-opening, Sensex up 100 points; rupee opens lower.

The Nifty50 is expected to open lower on Friday tracking Asian markets which were trading mixed after the European Central Bank held interest rates steady. Overnight, US markets closed lower following a flurry of downbeat quarterly results. European Central Bank chief Mario Draghi comments also disappointed investors who were hoping for a more dovish stance on monetary policy, said a Reuters report. Trends on SGX Nifty indicate a flat opening for the broader index in India, a with 0.50 percent gain. Nifty futures were trading around 11,325.50-level on the Singaporean Exchange. Indian markets closed lower for the sixth consecutive day in a row on Thursday. The S&P BSE Sensex fell 16 points to 37,830 while the Nifty50 closed 19 points lower at 11,252.

Global Market:
Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.50% while the Hang Seng is down 0.50%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.41% while Mexico's IPC is off 0.57% and U.S.'s S&P 500 is lower by 0.53%.
European Markets: European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 1.28% while France's CAC 40 is off 0.50% and London's FTSE 100 is lower by 0.17%.

Major Headlines of the day:

Rupee stands at 69.10 per dollar.

Bajaj Auto Q1FY20E Result Expectation Company is expected to report flat revenue in the quarter on account of aggressive pricing and as mere 2% volume growth; demand outlook remains the key monitorable.

Cox & Kings clarifies on Mumbai court allowing to withdraw plea against IATA The company said in the filing on Thursday after market hours that the Hon'ble Court has further vacated the ad-interim order passed by it in favour of the Company on July 10, 2019.

JSW Steel Q1FY20E Result Expectation Consollidated revenue to remain flat on yoy basis owing to flattish volumes and slightly lower realisations.

Earnings Reaction To Watch

Trend in FII flows:- The FIIs were Net Value of Rs -126.65 segment while the DIIs were Net Value of 398.53 the provisional figures.

Securities in Ban For Trade Date 26-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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