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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 24 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 Shanghai Composite gained 0.67% and the Nikkei 225 rose 0.04%. The Hang Seng lost 0.15%.


U.S. Market – North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.64% and the S&P 500 rose 0.09%. The IPC lost 0.51%.


European markets- European markets are lower today as French and British shares fall. The French CAC 40 is off 0.01% while the London FTSE 100 is down 0.01%. The German DAX is not trading.


NIFTY SPOT



MARKET TALKS

Shri B. V. Chaubal appointed as Chairperson of CDSL governing board
CDSL Ltd. informed the exchanges that Sebi has appointed Shri B. V. Chaubal as the Chairperson of the governing board of CDSL. Mr. Chaubal is the retired Deputy MD of SBI and served 38 years with the bank. He also serves as a lecturer at the National Institute of Bank Management, Pune. Central Depository Services (India) Ltd is currently trading at Rs223.50 down by Rs2.05 or 0.91% from its previous closing of Rs225.55 on the BSE.  

IFCI spikes 10% after announcing realization of Rs805cr post divestment in NSE The process for receipt of approval for remaining quantity is underway, the company added.
IFCI informed the exchanges that it has realized an amount of ~Rs805.60cr, representing about 82% of the total committed amount from the disinvestment of company's entire stake in National Stock Exchange of India. IFCI's disinvestment comprises 1, 20, 66,871 number of equity shares aggregating to 2.44% of the total equity shares of NSE. The process for receipt of approval for remaining quantity is underway, the company added.

BHEL commissions country's first Lignite based 500 MW Thermal Unit
Bharat Heavy Electricals Limited (BHEL) informed the exchanged today that the compaby has successfully commissioned the first Lignite based 500 MW thermal unit of the 2x500 MW Neyveli New Thermal Power Project in Tamil Nadu. The stock is trading lower in trade today. Significantly, this is the country's first lignite-fired 500 MW power plant. Also, it is the highest rating pulverised lignite-fired thermal unit commissioned in the country so far. 

Transformers and Rectifiers hits 20% upper circuit after order win 
Transformers and Rectifiers (India) Limited has been awarded the order of Transformers amounting to Rs166cr from Transmission Company of Nigeria PIc, Maitama, Abuja (Worldbank funded Project). The company said order falls under the normal course of business. The company neither has any interest in the entity that awarded the order nor fall within related party transactions. With this order, the company's order book as on date stands around Rs1, 161cr, the company said in the filing.

NAME OF THE STOCK : ICICIGI 

DATE : 26/12/2019 

SEGMENT : CASH 

CHART TYPE : Candlestick 

EXCHANGE : NSE 

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.


INVESTMENT ADVICE:


CALL CS CALL: BUY ICICIGI CASH NR CMP 1431 TGT 1483 SL 1391

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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