Market Live: Nifty likely to open higher.

The Nifty50 is likely to open with a gap of over 100-150 points in morning trade on Monday tracking Exit Poll results and positive trend seen in other Asian markets. Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. Trends on SGX Nifty indicate a gap up opening for the broader index in India, a jump of 242 points or 2.12 percent. Nifty futures were trading around 11,677-level on the Singaporean Exchange. On the earnings front, as many as 86, companies will declare their results for the quarter ended March later today which include names like Astral Poly, Bharat Forge, BPCL, HEG, Jindal Stainless, Kitex Garments, Tata Motors, Torrent Pharma, United Breweries, etc. among others.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.73% while the Hang Seng is down 0.50%. The Nikkei 225 is not trading.US Markets: North and South American markets finished mixed to lower as of the most recent closing prices. Shares in U.S. fell as the S&P 500 dropped 0.58%. The Bovespa lost 0.04% while the IPC in Mexico closed unchanged.European Markets: European markets finished lower on Friday with shares in Germany leading the region. The DAX is down 0.58% while France's CAC 40 is off 0.18% and London's FTSE 100 is lower by 0.07%.

Major Headlines of the day:

Rupee opens at 69.49 per dollar.

Reliance Capital protests CARE Ratingsâ downgrade action The company expects to realize minimum proceeds of over Rs10,000cr and sharply cut its overall debt by more than 50% within the current financial year.
Fortis Healthcare's arm to sell 28.89% stake in MSCL The proposed transaction is subject to the approval of FHIL shareholders as well as regulatory approval if required.
USFDA inspection at Cipla's Indore plant ends with zero observations USFDA conducted a post-approval inspection at the company's Indore facility from May 13 to May 17, 2019.

Earnings Reaction To Watch

BHARATFORGBPCLHPCLTATAMOTORSTORRENT PHARMA

The trend in FII flows:- The FIIs were Net Value of Rs -1057.82 segments while the DIIs were Net Value of 1809.76 the provisional figures.
Securities in Ban For Trade Date 20-MAY-2019JETAIRWAYS

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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

 

For more details call on 9977499927 or visit our website www.capitalstars.com

Read More

MCX MORNING UPDATES By CapitalStars 12/Feb/2019

BULLION - MCX Gold and Silver may note mixed trade in line with international market but bias may be on the downside. COMEX gold trades in a narrow range near $1310/oz after a 0.5% decline yesterday. Gold is rangebound as support from concerns about US-China trade talks, US government shutdown threat, Brexit uncertainty and global economic slowdown is countered by persisting strength in US dollar and ETF outflows. The US and China officials will hold trade talks this week but market expectations are low that a deal will be reached ahead of March 1 deadline. As per reports, the Trump administration said the US president still wants to meet China's Xi Jinping in an effort to end the trade war. The US faces a Feb.15 deadline to reach a deal to avert another government shutdown. Reports noted that US congressional negotiators late Monday have reached a deal in principle on border security to avoid another federal government shutdown. Global economic concerns are high amid disappointing Chinese and European economic data and downbeat growth forecasts. The US dollar index rose 0.4% yesterday marking its eight consecutive gains. The US dollar has benefited from safe haven buying amid uncertainty about US-China trade deal, concerns about health of European economies and dovish shift in monetary policy stance of major central banks. Amid other factors, gold has gained support from signs of central bank buying. As per reports, People's Bank of China increased gold holdings for the second month in January after a two-year hiatus. 

ENERGY- Crude Oil- MCX Crude may note some gains tracking cues from international exchange but sell on rise is suggested. NYMEX crude trades marginally higher but in a narrow range above $52 per barrel after a 0.6% decline yesterday. Crude fell as low as low as $51.23/bbl in intraday day trade yesterday but managed to recover and end above $52/bbl. Crude has fallen in last few days after failing to sustain above $55/bbl level however we are yet to see a close below $52/bbl. Mixed factors has resulted in choppy trade in crude oil and this trend could continue in the near term. Crude along with other commodities saw some support from reports that US congressional negotiators have reached a deal in principle on border security to avoid another federal government shutdown. Crude is also supported by OPEC�s adherence to production and supply concerns relating to Venezuela. However, weighing on price is concerns about OPEC-Russia cooperation going ahead, record high US crude production, rise in US crude oil rig count, expectations of another increase in US crude oil stocks, firmness in US dollar and concerns about US-China trade talks. The US and China officials will hold trade talks this week but market expectations are low that a deal will be reached ahead of March 1 deadline. Crude may witness choppy trade amid mixed factors and positioning ahead of inventory report but sell on rise is suggested as global concerns and higher US supply will weigh on price.

Natural Gas- MCX Natural gas may note some gains tracking cues from international exchange but upside is limited.

NYMEX natural gas trades higher near $2.65/mmBtu after a 2.3% gain yesterday. Natural gas slumped to Feb.2018 lows last week and is seeing some recovery amid forecast of cold weather in US which will increase heating demand. Natural gas has also gained support from narrow gap between coal and gas price which has increased demand from power sector. Also supporting price is drop in US rig count. However, weighing on price are expectations of subdued demand going ahead as winter nears an end. Subdued demand expectations and higher US production has also eased tightness concerns to some extent. Natural gas has fallen sharply in last few days and we are seeing some relief rally however it could be short-lived. One should wait for higher level to create short positions. Focus will continue to be on US weather and trend in other energy prices.

BASE METAL - Base metals on LME trade mix today after a weaker close yesterday. LME Zinc was the worst performer with 2.2% drop followed by 1.7% decline in Lead prices and 1% slide in Copper prices. In other metals Nickel too ended 0.6% lower while Aluminium was down by modest 0.05%.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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

 

For more details call on 9977499927 or visit our website www.capitalstars.com

Read More