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Wednesday, April 25, 2018

Market Live: Nifty below 10,600, rupee hits 13-month low


Manipal Health Enterprises has again raised its offer for Fortis Healthcare by valuing its hospital business higher at Rs 6,322 crore, ahead of the Fortis Healthcare board meet tomorrow to evaluate all binding offers.


The new offer from Manipal Health Enterprises (MHEPL) also proposes to arrange financial assistance of up to Rs 750 crore ..by way of debt financing or guarantees to lenders of FHL.
This is the second time Manipal/TPG-led consortium has revised its offer for Fortis Healthcare (FHL).
The rupee opened lower at 66.48 from yesterday's closing level at 66.38 per dollar at the interbank foreign exchange here.
Continued FII-selling of local equity and debt, and weak stock market also weighed on the rupee.
Rising crude is putting pressure on rupee already stressed by widening fiscal deficit, a dealer said.
Banking & financials, oil, metals and infrastructure stocks are under pressure.
IT is the only major gainer among sectoral indices, rising over a percent ahead of Wipro earnings due later in the day and after sharp depreciation in the rupee
Bharti Airtel is up more than 4 percent after reporting profit in the March quarter against expectations of loss.
The 30-share BSE Sensex is down 84.76 points at 34,531.88 and the 50-share NSE Nifty declined 31 points to 10,583.40.

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Tuesday, April 24, 2018



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Sensex opens up 100 pts, Nifty nears 10,600 on Asian cues; metals melt

Indian Indices:                               
Indian equity market is set to open today’s session on a negative 
note tracking weak Nifty futures on the Singapore Stock Exchange 
and mixed cues from other Asian peers. Bearish trend in the SGX 
Nifty Index Futures for April delivery, which was trading at 10,595, 
down 27 points, or 0.25%, at 11:28 AM Singapore time, also 
signaled a negative opening for the domestic equity bourses. 
Volatility is likely to remain in today’s session ahead of April 
Future & Option contract expiry due on Thursday this week. 

Benchmark indices opened higher, following positive lead from
Asian stocks. The 30-share BSE Sensex was up 101.63 points at
34,552.40 and the 50-share NSE Nifty rose 14.20 points to
10,598.90.

Global Market:
· US stocks fell on Monday as tech shares declined, while investors fretted over higher interest rates. Wall Street also zeroed in on the busiest week of the earnings season.
·Asia markets mostly rose in early trade on Tuesday despite the Dow and the Nasdaq stumbling amid a decline in tech shares.

Major Headlines of the day:
· TCS official Race App developed by TCS was downloaded by over 360,000 users and no of downlaods breaks world record
· EID-Parry submitted to monthly operation data to South Indian Sugar Mills Association (SISMA)
· GVK wants to run Jaipur, Ahmedabad airport: FE
· Thailand eyes Indian Infra projects for investing around USD 3 billion in next three year
·  Apex Court denies relief to Binani Cement operational creditors: BS

Trend in FII flows: The FIIs were Net Value of Rs -259.08 the cash segment Monday while the DIIs were Net Value of Rs 387.26 as per the provisional figures.

TODAY ON EARNING FRONT:- BHARTI, DCMSRIRAM, GICHSGFIN, ICICIPRULI, PERSISTENT, OBEROIRLTY, RAYMOND, TV18, TINPLATE, IDFCBANK, NETWORK18, ZENSARTECH

Securities in Ban For Trade Date 24-APR-2018:
1.BALRAMCHIN
2.DHFL
3.JETAIRWAYS
4.JPASSOCIAT
5.TV18BRDCST


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Monday, April 23, 2018


INDIAN BENCHMARKS: SENSEX ENDS FLAT,NIFTY BELOW 10600

The market began the week on a good note, but have ended flat now. The Nifty managed to breach 10,600-mark.

The Sensex is up 35.19 points at 34450.77, while the Nifty is up 20.70 points at 10584.70. The market breadth was narrow as 1391 shares advanced, against a decline of 1290 shares, while 165 shares are unchanged.

IndusInd Bank and Mahindra & Mahindra were the top gainers, while HDFC Bank, Hero MotoCorp, Indiabulls Housing, and Hindalco were the top losers.


 HEADLINES OF THE DAY

Motherson Sumi could go in for 3 acquisitions to achieve its FY2020 vision
Aurobindo’s Unit 1 clears USFDA audit with zero observations
Lupin receives final approval to gXenazine.

The crucial resistance for Nifty spot is now seen at 10640 and above this 10690. Support for the immediate term is now placed at 10450 next support will be 10300.


UPCOMING RESULTS: 

BHARTI, DCMSRIRAM, GICHSGFIN, ICICIPRULI, PERSISTENT, OBEROIRLTY, RAYMOND, TV18, TINPLATE, IDFCBANK, NETWORK18, ZENSARTECH


Saturday, April 21, 2018


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The Street could watch out for reactions to March quarter numbers of Nifty companies. HDFC Bank will announce its Q4 earnings on Saturday, while Bharti Infratel, LIC Housing Finance and Reliance Infrastructure will announce their results on Monday. Bharti Airtel and IDFC Bank will announce results on Tuesday.

Ultratech Cement and Wipro are scheduled to follow on Wednesday, while Axis Bank, Biocon and Yes Bank will announce their March quarter numbers on Thursday. IDFC and Maruti Suzuki India will declare their results on Friday.

On the macro front, the movement of the rupee against the dollar and crude oil prices will be monitored keenly as the market will react to the outcome of OPEC and non-OPEC countries' meeting. Brent crude moved closer to the USD 74 per barrel mark last week.
A spike in oil prices raises India's import bill as the country imports majority of its crude requirements. A weak rupee raises the cost of importing crude oil. The Indian rupee hit a 13-month low of 66.10 against the US dollar on April 20, after the minutes of the monetary policy panel meeting suggested that they were likely to take a more hawkish tone starting as early as June.

Globally, Germany Manufacturing Purchasing Managers Index (PMI) data for April, and US existing home sales data for March will be disclosed on Monday. US Consumer Confidence data for April and US new home sales data for March will follow on Tuesday.

Bank of Japan's (BoJ) monetary policy statement and outlook report will be released on Friday. First quarter GDP data in the US and the UK will also be made public on Friday.

Next week's trend will be decided on the basis of quarterly earnings and trends in global markets.

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Friday, April 20, 2018

TCS hits 52-week high on strong 


TCS hit 52-week high of Rs 3,287, up 3 per cent on NSE in early morning deals after the company reported announced a strong set of numbers in the March quarter (Q4) as well as for 2017-18, backed by all-round growth in key verticals and geographies, and digital services and solutions.

The Mumbai-headquartered company posted double-digit revenue growth in dollar terms in Q4 for the first time in the last 12 quarters. The management was confident of sustaining this growth rate in the coming quarters.

Hindalco Industries (Rs 196.31 crore), HCL TechnologiesNSE 4.13 % (Rs 160.78 crore), VedantaNSE -1.59 % (Rs 158.91 crore), YES Bank (Rs 142.43 crore), Tata Steel (Rs 131.06 crore), ICICI Bank (Rs 122.69 crore), Tata Motors (Rs 116.32 crore), HPCL (Rs 112.10 crore) and State Bank of IndiaNSE -2.03 % (Rs 98.66 crore) were also among the most active stocks in terms of value on NSE.

The IT major also announced a 1:1 bonus of shares and a dividend of Rs 29 a share, taking the total payout to shareholders at Rs 50 for the year. It has paid about Rs 260 billion to shareholders in dividends and bonuses in 2017-18.

At 9:30 am, the stock was trading at Rs 3,287, up 3 per cent on NSE. It hit a high and low of Rs 3,287 and Rs 3,240 respectively till now.

Thursday, April 19, 2018

capitalstars Equity market Outlook

The Indian equity benchmark indices are open higher;
Indian Indices:         
SGX Nifty is currently trading in the green up 30 points at 10,586. Indian markets are likely to continue to trade higher as geopolitical tension eases and traders look forward to the 4th quarter results which are currently underway. IndusInd Bank and TCS are the two large-cap companies set to announce their results today.
The Indian equity benchmark indices are likely to open higher on Thursday tracking positive Asian peers and modest gains in Nifty futures on the Singapore stock exchange.  Positive trend in the SGX Nifty Index Futures for April delivery, which were trading at 10,591, up by 36.50 point or 0.35%, at 11:26 AM  Singapore time, signalled a flat to higher opening for the domestic equity bourses.
The crude oil prices movement and fluctuations in rupee­dollar exchange rate will drive investors’ sentiment on Dalal Street today.
Global Market:
  • Major Asian markets are trading in the green, Nikkei is up 0.68%, Hang Seng is up 1.01% while Shanghai Composite is trading 0.41% higher
  • US Markets: Stocks witnessed a lackluster session yesterday, the major averages ended on a mixed note.
  • European markets continued its positive run and ended in the green yesterday with the FTSE closing 1.25% higher, CAC ended up 0.49% while the DAX ended 0.04% higher.
Major Headlines of the day:
  • Mindtree Q4 QoQ – Net profit up 28.8 percent at Rs 182.2 crore, revenue up 6.3 percent at Rs 1,464 crore
  • ACC Q1CY18 YoY – Consolidated revenue up 14.2 percent at Rs 3,624.6 crore; profit up 18.6 percent at Rs 250.4 crore
  • DLF: The company has sought to allay concerns about slow pace of monetization of land assets, Bloomberg reported.
  • Bharat Dynamics signed licensing agreement with Defence Research Development Organisation (DROO) for ASTRA MK-1 Weapon System
  • Sun Pharma: One of the owned company’s subsidiary increased stake in Ranbaxy Malaysia Sdn Bhd via purchase of 4.93 percenet stake; current holding increased to 95.67 percent.
Trend in FII flows: The FIIs were Net Value of Rs -915.71 the cash segment Wednesday while the DIIs were Net Value of Rs 869.7 as per the provisional figures.
Securities in Ban For Trade Date 18-APR-2018:
1.IRB
2.JETAIRWAYS
3.JPASSOCIAT
4.RCOM
5.TV18BRDCST
CapitalStars Provides  Free Trial To Our Client…
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

Wednesday, April 18, 2018


INDIAN BENCHMARKS: SENSEX NIFTY ENDS LOWER, BANKS DRAG, FMCG UP

Benchmark indices closed lower for the first time in last 10 consecutive sessions, dragged by banks. However, the upside in ITC capped losses.
The 30-share BSE Sensex was down 63.38 points at 34,331.68 and the 50-share NSE Nifty fell 22.50 points to 10,526.20.

ITC and Wipro were biggest gainers.
Axis Bank, Tech Mahindra, Lupin, M&M, Titan Company and IndusInd Bank were down between 1 percent and 2.5 percent.

Godrej Consumer Products, Godrej Industries, Bombay Burmah, Kaya, Jaiprakash Associates, Parag Milk Foods, Mishra Dhatu, Delta Corp, Dabur India, V-Guard Industries, Indian Hotels, EIH Associated Hotels and Amara Raja Batteries gained up to 9 percent.
Kamat Hotels, Jet Airways, Andhra Bank, Bank of Baroda, Jaypee Infratech, Bhushan Steel, OBC, Balrampur Chini, Alok Industries fell up to 5 percent.


HEADLINES OF THE DAY

Vedanta to acquire 90% stake in Electrosteel Steels
Glenmark receives approval for gProtopic
Marico to acquire 22.5% stake in Revofit, a fitness app


The crucial resistance for Nifty spot is now seen at 10590 and above this 10645. Support for the immediate term is now placed at 10450 next support will be 10300.



UPCOMING RESULTS: RPOWER, MAHINDRACIE, INDUSIND BANK, TCS, CYIENT, RSSOFTWARE, INFOMEDIA


Monday, April 16, 2018

INDIAN BENCHMARKS: SENSEX ENDS UP 113 POINTS NIFTY ABOVE 10500 


Benchmark indices closed in the green for the eighth consecutive session, with the Sensex rising 112.78 points to 34,305.43 and the Nifty gaining 47.80 points at 10,528.40. Cipla, Grasim Industries and UPL rallied up to 5 percent.

Tata Motors was down nearly 5 percent. Infosys ended with a loss of 3 percent after lowering EBIT margin guidance for FY19.

Wipro, SBI, Tech Mahindra and Bharti Airtel were under pressure.


HEADLINES OF THE DAY

Gruh Finance gains 5% after board announces bonus shares
Aurobindo gets USFDA approval for Loratadine 10mg tablet
March WPI inflation hits eight-month low to 2.47%


The crucial resistance for Nifty spot is now seen at 10540 and above this 10630. Support for the immediate term is now placed at 10350 next support will be 10200.



UPCOMING RESULTS: TATASPONGE, CRISIL, MUTHTFN, SCHAEFFLER, ORCHIDPHAR

Friday, April 13, 2018



Gold Prices Edge Up on Syria Concerns -

 Gold prices edged up on Friday, with the ongoing tension over Syria cited as supportive for the yellow metal. Prices gained on tensions over Syria. However, U.S. president Trump said later on Thursday that the attack on Syria “could be very soon or not so soon at all” sent the dollar firmer earlier in the day and weighed on the dollar-denominated gold. The dollar tumbled to 89.09 overnight as U.S. trade outlook remained uncertain despite improving risk appetite amid the easing geopolitical worries over Syria, but gradually recovered on Thursday late morning.  Dollar-denominated assets such as gold are sensitive to moves in the dollar – a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal. 

Copper dropped as the threat of imminent U.S. military action in Syria rattled investors -

Copper on MCX settled down -0.48% at 448.6 after U.S. President Donald Trump warned Russia of imminent military action in Syria over a suspected poison gas attack. Labor negotiations at some of copper’s key mines this year will not necessarily follow similar paths in terms of contract settlements. So far this year China's physical copper imports have held up pretty well. Tighter regulations have caused imports of copper scrap to drop by 40 percent, but that should translate into higher import demand for copper in other forms.

 Zinc dropped tracking LME Zinc prices as construction demand in China got off to a slow start in the usually strong second quarter -

Zinc on MCX settled down -3.99% at 202.10 on long liquidation and fresh selling on rising fears with new supply seen with fresh from talk that China's State Reserve Bureau had been selling zinc stockpiles. The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016 after the shutdown of major mines including Australia's Century, the Lisheen mine in Ireland and top producer Glencore's depleted Brunswick and Perseverance mines in Canada. Also prices seen pressure tracking the prices of other steel materials as construction demand in China got off to a slow start in the usually strong second quarter.

Oil eases as Trump backtracks on imminent Syria strike -

Oil prices edged lower on Friday after U.S. President Donald Trump tempered remarks warning of an imminent missile attack on Syria, but were still set for their biggest weekly gains in more than 8 months.Both benchmarks are set for their biggest weekly gains since last July after surging to a more than three-year high earlier in the week on tensions over Syria and shrinking global oil inventories. "This last jump of $5 or so is because of the geopolitical situation caused by the situation in Syria," said Tony Nunan, senior oil risk manager at Mitsubishi Corp in Tokyo. "It looks like Trump backed off a little bit and wants to build a coalition, sending a signal to the broader market that he is going to be much more careful than people thought."

Thursday, April 12, 2018


Gold rose as concerns over escalating tensions in Syria, U.S. sanctions on Russia and the U.S.-China trade stand-off weighed on stock markets and the dollar index -

 Gold on MCX settled up 1.47% at 31355 tracking Comex Gold which rallied $14.10 to settle at $1,360 hits highest level since August 2016 as investors fled to perceived safe havens after President Donald Trump threatened a missile strike in Syria. The metal's price jumped markedly after Trump warned Russia to "get ready" for a missile strike in Syria following a recent chemical weapons attack allegedly carried out by the government of Syrian President Bashar Assad. Trump also criticized Russia's government in a rare rebuke on Sunday, scolding Russian President Vladimir Putin for Moscow's support of Assad. Gold prices seen some profit booking after minutes from the Federal Reserve’s March meeting. The minutes reinforced the view that more interest-rate increases are on tap. Higher interest rates can boost the dollar and dull demand for dollar-denominated commodities.

 Aluminium stocks soar on US sanctions

Chinese and US aluminium manufacturers have benefited from the US sanctions on Russian producer Rusal as their share prices jumped amid concerns over tighter supplies of aluminium and alumina. At the morning closing on Wednesday April 11, shares of Jiangsu Alcha Aluminium reached a weekly gain of 12.7%, while those of Yunnan Aluminium increased 8.7%. JiaoZuo WanFang Aluminium Manufacturing stocks rose 2% and Shandong Nanshan Aluminium was up 3.5%.

 Copper dropper after U.S. President Donald Trump warned Russia of imminent military action in Syria over a suspected poison gas attack

 Copper on MCX settled down -0.48% at 448.6 after U.S. President Donald Trump warned Russia of imminent military action in Syria over a suspected poison gas attack. Labor negotiations at some of copper’s key mines this year will not necessarily follow similar paths in terms of contract settlements. So far this year China's physical copper imports have held up pretty well. Refined metal imports were up 6 percent year on year in January February and those of mined concentrates by 13 percent. Tighter regulations have caused imports of copper scrap to drop by 40 percent, but that should translate into higher import demand for copper in other forms.

Oil markets tense on Middle East crisis, but rising U.S. supplies weigh -

Oil markets remained tense on Thursday on concerns of a military escalation in Syria, but prices were some way off Wednesday's 2014 highs as bulging American supplies weighed.U.S. WTI crude futures were at $66.83 a barrel, virtually unchanged from their last settlement. Both Brent and WTI hit 2014 highs of $73.09 and $67.45 per barrel on Wednesday, respectively, after Saudi Arabia said it intercepted missiles over Riyadh and U.S. President Donald Trump warned Russia of imminent military action in Syria. "Geopolitical risks outweighed an unexpected rise in inventories in the U.S.," ANZ bank said on Thursday.


Wednesday, April 11, 2018


                                      LATEST NEWS

Q1FY2018 Oil & Gas Result Review: Inventory losses impact OMCs; Mid-stream benefits from volume growth

·        Refining (downstream) dented by inventory losses suppressing refining margins; OMCs also lose market share in domestic HSD/MS sales: Brent oil price declined by around 7% sequentially to $51/bbl in Q1FY2018, resulting in inventory loss of $2-3.4/bbl to oil marketing companies (OMCs). As a result, Indian Oil (IOCL)/Bharat Petroleum (BPCL)/Hindustan Petroleum (HPCL) reported weak Q1FY2018 gross refining margin (GRM) of $4.3/$4.9/$5.9 per barrel, which was down by 52%/19%/27% sequentially, though the benchmark Singapore GRM was largely flat QoQ at $6.4/bbl in Q1FY2018. On the other hand, Reliance Industries Limited (RIL) reported strong GRM of $11.9/bbl (up 3.5% YoY and QoQ) and its premium over the Singapore Complex GRM widened to $5.5/bbl in Q1FY2018 from $5.1/bbl in Q4FY2017. Public sector OMCs also witnessed loss in market share in the high-margin motor spirits (MS) and high-speed diesel (HSD) segments to private sector competitors.

·        Exploration (upstream) companies hurt by lower realisations: Oil and Natural Gas Corp. (ONGC)/Oil India reported a decline of 7.1%/7.8% QoQ (+10.7%/+12.3% YoY) in their net oil realisation to $51/$48.4 per barrel due to the drop in oil prices during the quarter. Along with lower realisation, the steep dip in other income led to a sharp decline in adjusted profit of ONGC and Oil India during the quarter.

·        Mid-stream companies in gas value chain performed well in Q1: Petronet LNG and GSPL reported healthy volume growth during the quarter, resulting in double-digit earnings growth. On the other hand, Gas Authority of India (GAIL) reported sequential volume decline across segments, except for LPG and liquid hydrocarbons (volume increased by 6.2% QoQ) in Q1. Consequently, PAT grew by only 8.2% during the quarter, partially affected by lower other income.

TOP NEWS

Tourism: Terror attack in Barcelona will halt the performance of the business and will reduce the tourist attraction in European countries – negative read through for Cox & Kings (especially for Meininger business) and Thomas Cook India

Liquor: Half the liquor outlets remain shut post the highway liquor ban, liquor industry feels the pinch – negative for liquor companies (especially large companies such as United Spirits, United breweries and Radico Khaitan, which has pan India presence) More than half of 30,000 liquor vendors have shut downed their shops on April 1 after the Supreme Court banned sale and serving of alcohol within 500 metre of state and national highways. Industry had initially expected most liquor shops and bars to either relocate or reopen in few months. But now expects the situation to normalise by next year. On the positive note, the top court last allowed authorities to de-notify state and national highways passing through municipal limits to let liquor vends along highways in cities and towns resume business.

HPCL: Government of Rajasthan and HPCL signed agreement to set-up refinery at Barmer; positive read through for HPCL
Rajasthan Government has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) to set up a joint venture company HPCL Rajasthan Refinery Limited to establish Rs 43,129 crore refinery-cum-Petrochemical Complex at Barmer as per media reports. HPCL will have 74% stake and the state government 26% partnership in the new company. Positive read through for HPCL.

OTHER NEWS

Indian Oil Corp (IOCL) : has completed maintenance turnaround at its polyethylene (PE) and polypropylene (PP) plants at Panipat. The plants were shutdown in mid-July for maintenance. PE plant has HDPE capacity of 0.3mmt and LDPE swing capacity of 0.2mmt while PP plant has capacity of 0.6mmt. Sentimentally positive for IOCL.

Maruti Suzuki: Launches the Ciaz S, a sporty version of its sedan Ciaz with prices starting Rs 9.39 Lakh; Positive, Maruti Suzuki has launched a new variant of Ciaz named as Ciaz S priced at Rs 9.39 Lakh for petrol and Rs 11.55 Lakh (ex showroom Delhi) for diesel variant. T he Ciaz S has been refreshed with a spoiler pack front, side and a rear underbody plus trunk-lid spoiler, adding a distinctive look and enhancing the aerodynamics of the car. The new variant would further strengthen the position of Ciaz in the passenger vehicle market and could lead to market share gains for the company

Somany Ceramics: Sudha Somany Ceramics, an Associate of Somany Ceramics is setting up a facility in Andhra Pradesh to produce about 5.00 million square meters of vitrified tiles. The same is expected to be commissioned in the last quarter of financial year 2018-19. Positive read thru for the stock.

Infosys: ATP in association with Infosys launches new PlayerZone bringing an enhanced digital experience for players, ATP and Infosys announced the launch of a new 'PlayerZone' app and website. The revamped PlayerZone, allows users to engage with each other and access information across a wide range of operational aspects related to life on Tour. The new app will increase engagement with the next generation of players and provide a central portal of information as players' progress through different stages of their career.

Bharti Airtel: To hold shareholders, creditors meet in September on Telenor merger deal.
Telecom: IMG meeting on telecom postponed to August 22, The Inter-Ministerial Group (IMG) constituted to suggest measures to ease the financial stress in the telecom sector, which was supposed to meet today, will now meet on August 22, and it is likely to come out with the final report on suggestions for the industry on the same day.The meeting has been postponed to August 22 as some of the members were not available for the meeting on Friday. The IMG was set up on May 16 to work on the stress in balance sheets in the telecom sector, and has been studying balance sheets of the past three years (2014-15, 2015-16 and 2016-17) of telcos. Meanwhile, on its last its meeting on August 11, the IMG had discussed that a policy intervention may not be required as green shoots in the telecom sector have started to appear in the first quarter.


Friday, April 6, 2018

equity tips
Sensex rangebound ahead of corporate earnings; Lupin lifts Pharma index

Benchmark indices were flat in pre-opening trade, which was in line with muted Asian cues and the trend indicated by SGX Nifty futures.

The 30-share BSE Sensex was down 0.48 points at 33,596.32 and the 50-share NSE Nifty rose 6 points to 10,331.20.

The SGX Nifty futures were trading down 16 points at 10,340-level on the Singapore Stock Exchange.

The Dow and the S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors’ worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew.

Asian markets were trading mixed after US President Donald Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent, said a report.

Reliance Communications: The company hopes to cut debt by Rs 25,000 crore after SC allows asset sale

The rupee fell 5 paise to 65.01 against the US dollar at the Interbank Foreign Exchange market.

Yesterday, the rupee had ended higher by 18 paise at 64.97 against the US dollar after the Reserve Bank lowered its inflation forecast and revised up its growth outlook.

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