INDIAN FACE
INDIAN EQUITY BENCHMARK
Equity benchmark indices slipped further in the noon trade ahead of the expiry of December futures and options (F&O) contracts. The Nifty was trading below 12,200-mark, down by 28 points at 12,186-mark. The Sensex was also down 98 points at 41,363. The market breadth was positive on the NSE as 1,010 shares rose and 711 shares fell. A total of 413 shares were unchanged. Except metal and auto, all sectoral indices were trading in the red on the Nifty.
GLOBAL FACE
Asian Market-
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.85% and the Nikkei 225 rose 0.60%. 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%, while the IPC led the S&P 500 lower. They fell 0.27% and 0.02% respectively.
European markets-
European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.11%, while Germany's DAX was off 0.13%. Shares in France were unchanged with the CAC 40 at 6,029.55
NIFTY SPOT
MARKET TALKS
Manapurram Finance approves raising of Rs350cr
Manapurram Finance announed that financial resources and management committee of the board of directors of the company held on Thursday, 26th December 2019, has approved the issuance of the Private Placement of Rated, Secured, Redeemable NonConvertible Debentures having face value of Rs10 lakh each for the amount of Rs350cr. Furthermore, the Financial Resources and Management Committee of the Board of Directors of the Company will be held on December 31, 2019, to consider the proposed allotment for the said issue.
Adani Green extends rally; gains 5%
Shares of Adani Green Energy were locked in the upper circuit limit for the third consecutive session on the BSE in an otherwise weak market. On December 16, Adani Green's $362.5mn (about Rs2, 570cr) bonds issue attracted the interest of investors worldwide, the company said on December 16. This was the first-ever deal from India to use an amortizing project finance type structure, giving foreign investors a chance to buy investment-grade bonds from India's renewable energy sector, as per media reports.
Bharti Airtel trades 1% lower after African arm sets IPO issue price
Shares of Bharti Airtel are trading lower by 1% on December 26 after its African arm set the issue price for the Airtel Malawi initial public offering. Airtel Africa Plc, which has presence in 14 countries across Africa, on December 11, had said it would float its local business Airtel Malawi Plc subsidiary) on the Malawi Stock Exchange. Airtel Africa intends to raise about $37.5mn through a public issue of its local business, Airtel Malawi.
Eveready Industries spikes 10% after HC allows sale of property
Eveready Industries jumped 10% in early trade on December 26 after the company was allowed to go ahead with the sale of its property at Hyderabad. The company, in its filing, said, "...the Hon’ble High Court of Delhi, has been pleased to vacate the said ad‐interim order of injunction to the extent that the Company has been allowed to go ahead with the sale of the property at Hyderabad in terms of the Agreement for Sale dated August 30, 2019.
NAME OF THE STOCK : WHIRLPOOL
DATE : 27/12/2019
SEGMENT : CASH
CHART TYPE : Candlestick
EXCHANGE : NSE
TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.
INVESTMENT ADVICE:
Equity benchmark indices slipped further in the noon trade ahead of the expiry of December futures and options (F&O) contracts. The Nifty was trading below 12,200-mark, down by 28 points at 12,186-mark. The Sensex was also down 98 points at 41,363. The market breadth was positive on the NSE as 1,010 shares rose and 711 shares fell. A total of 413 shares were unchanged. Except metal and auto, all sectoral indices were trading in the red on the Nifty.
GLOBAL FACE
Asian Market-
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.85% and the Nikkei 225 rose 0.60%. 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%, while the IPC led the S&P 500 lower. They fell 0.27% and 0.02% respectively.
European markets-
European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.11%, while Germany's DAX was off 0.13%. Shares in France were unchanged with the CAC 40 at 6,029.55
NIFTY SPOT
MARKET TALKS
Manapurram Finance approves raising of Rs350cr
Manapurram Finance announed that financial resources and management committee of the board of directors of the company held on Thursday, 26th December 2019, has approved the issuance of the Private Placement of Rated, Secured, Redeemable NonConvertible Debentures having face value of Rs10 lakh each for the amount of Rs350cr. Furthermore, the Financial Resources and Management Committee of the Board of Directors of the Company will be held on December 31, 2019, to consider the proposed allotment for the said issue.
Adani Green extends rally; gains 5%
Shares of Adani Green Energy were locked in the upper circuit limit for the third consecutive session on the BSE in an otherwise weak market. On December 16, Adani Green's $362.5mn (about Rs2, 570cr) bonds issue attracted the interest of investors worldwide, the company said on December 16. This was the first-ever deal from India to use an amortizing project finance type structure, giving foreign investors a chance to buy investment-grade bonds from India's renewable energy sector, as per media reports.
Bharti Airtel trades 1% lower after African arm sets IPO issue price
Shares of Bharti Airtel are trading lower by 1% on December 26 after its African arm set the issue price for the Airtel Malawi initial public offering. Airtel Africa Plc, which has presence in 14 countries across Africa, on December 11, had said it would float its local business Airtel Malawi Plc subsidiary) on the Malawi Stock Exchange. Airtel Africa intends to raise about $37.5mn through a public issue of its local business, Airtel Malawi.
Eveready Industries spikes 10% after HC allows sale of property
Eveready Industries jumped 10% in early trade on December 26 after the company was allowed to go ahead with the sale of its property at Hyderabad. The company, in its filing, said, "...the Hon’ble High Court of Delhi, has been pleased to vacate the said ad‐interim order of injunction to the extent that the Company has been allowed to go ahead with the sale of the property at Hyderabad in terms of the Agreement for Sale dated August 30, 2019.
NAME OF THE STOCK : WHIRLPOOL
DATE : 27/12/2019
SEGMENT : CASH
CHART TYPE : Candlestick
EXCHANGE : NSE
TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.
INVESTMENT ADVICE:
CALL CS CALL: BUY WHIRLOOL CASH NR CMP 2432 TGT 2462 SL 2407
CAPITALSTARS CALL US : 9977499927
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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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