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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 23 DEC 2019

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK
Indian benchmark indices are trading flat amid choppy trade with the Sensex down the Sensex is down 16 at 41665.24, and the Nifty is up 3.10 points at 12,274. (12.45 PM). The sectoral trend was mixed amid a lacklustre afternoon session. Nifty Media is leading gainers, while Nifty PSU Bank is lagging the most. Nifty Media is trading higher by over 1%, led by gains in ZEEL, TV Today, and Zee Media. Nifty Auto is also up 0.7% led by TVS Motor, Bharat Forge, and Bosch. On the other hand, Nifty PSU Bank is being dragged by Syndicate Bank, Central Bank, and Allahabad Bank.

GLOBAL FACE




Asian Market- Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.25%, while the Shanghai Composite led the Nikkei 225 lower. They fell 0.40% and 0.20% respectively


U.S. Market – North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.71% and the S&P 500 rose 0.45%. The IPC lost 1.01%.


European markets- European markets are higher today with shares in Germany leading the region. The DAX is up 0.33% while France's CAC 40 is up 0.26% and London's FTSE 100 is up 0.19%.



NIFTY SPOT





MARKET TALKS

NHPC board to consider raising up to Rs2,000cr via debt on Dec 28
NHPC board has proposed to raise debt on December 28 through the issuance of corporate bonds in one or more series/tranches on private placement basis and/or raising of Term Loans/External Commercial Borrowings (ECB) in suitable tranches. “The Board of Directors of NHPC Limited in its meeting scheduled to be held on Saturday, December 28, 2019 inter-alia will consider the proposal for raising of Debt up to Rs2, 000cr during FY19-20. 

Ramco Systems jumps ~7% as HAECO Group announces extension of partnership
Hong Kong Aircraft Engineering Company Limited (HAECO Group), a leading Aviation Maintenance, Repair & Overhaul (MRO) specialist, today announced it will continue to work with Ramco Systems to bring the global software specialist’s advanced Aviation solutions to four more business units in Hong Kong, Xiamen and Jinjiang. HAECO’s partnership with Ramco began last year when HAECO ITM Ltd, a HAECO Group company which provides Inventory Technical Management solutions, adopted Ramco’s Aviation Suite. 

M&M announces leadership changes in the Group Corporate Office and Auto & Farm sectors
Mahindra & Mahindra (M&M) announced that over the next 15 months, senior leaders at Mahindra & Mahindra Ltd. will be retiring. Top management succession plans have been announced on 20th December 2019. The major announcements are as follows: Mr. Anand Mahindra will transition to the role of Non-Executive Chairman of the Board of Mahindra & Mahindra Ltd. with effect from 1st April 2020.

Reliance Infra wins major arbitration award of Rs1,250cr against Damodar Valley Corporation 
Reliance Infrastructure Ltd. has won a major Arbitration Award of Rs1, 250cr against Damodar Valley Corporation (DVC), a Government of India undertaking. A three-member Arbitration Tribunal unanimously gave the award in favour of Reliance Infrastructure on December 21, 2019. Reliance Infrastructure was the Engineering & Construction contractor for Damodar Valley Corporation's 2 x 600 MW Raghunathpur thermal power project in West Bengal commissioned in 2012.BSE.

NAME OF THE STOCK : BERGEPAINT 

DATE : 24/12/2019 

SEGMENT : CASH 

CHART TYPE : Candlestick 

EXCHANGE : NSE 

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.


CALL CS CALL: BUY BERGEPAINT CASH NR CMP 520 TGT 535 SL 510

RATIONALE FOR ARRIVING INVESTMENT ADVICE : 
THE STOCK TECHINCALLY IS UP ,TAKING SUPPORT OF VOLUME.RESISTANCE IS BROKEN TODAY WITH HEAVY VOLUME.AS WELL AS A POSSIBILITY OF UPWARD MOVEMENT IS THERE.


OTHER REASON IF ANY : SHOWING STRENGTHS IN INTRADAY CHARTS AS WELL

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