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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 10 JAN 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK

Equity benchmark indices touched new record highs on Friday before investors booked profit, with the Sensex up 84 points at 41,537, and the Nifty up mere 9 points at 12,224. About 1,005 shares have advanced, 749 shares declined, and 388 shares are unchanged. The Bank Nifty index came under pressure after hitting high in the morning trade. The index fell 53 points at 32,039.70 levels. Yes Bank is among the top draggers on the index, down 4%, followed by RBL Bank, IndusInd Bank, Federal Bank, ICICI Bank, IDFC First Bank and Axis Bank.

GLOBAL FACE

Asian Market- Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.47% and the Hang Seng rose 0.27%. The Shanghai Composite lost 0.08%.

U.S. Market – North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 0.67% and the IPC rose 0.23%. The Bovespa lost 0.26%.

European markets- European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.10% and 0.07% respectively.

NIFTY SPOT

MARKET TALKS

Domestic passenger vehicle sales dips 1.2% in December: SIAM
According to data compiled by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle sales slipped 1.24% to 2.35 lakh units in December from 2.38 lakh units in the year-ago period. Domestic car sales also came lower by 8.4% to 1.42 lakh units as against 1.55 lakh units in December 2018, SIAM data added. Motorcycle sales for December stood at 6.97 lakh units as against 7.93 lakh units a year earlier, down 12%.

Emami Paper Mills locked in 10% upper circuit after posting robust Q3 show
Shares of Emami Paper Mills were locked at 10% upper circuit on January 10 after the company reported a strong performance in Q3FY20. The company's Q3 net profit rose by 224% to Rs18.5cr vs. Rs5.7cr in the same quarter last fiscal. Net sales rose 7.4% yoy to Rs400.08cr in the quarter ended Dec 2019. EBITDA rose 37% to Rs67cr vs. Rs48.9cr, while margin was up at 16.7% vs.

Oil prices slip further as Middle East stabilizes
Oil prices dropped today as well continuing days of losses as the threat of war in the Middle East receded and investors focused on economic growth prospects and a rise in US crude reserves. Brent crude fell 20 cents i.e. 0.3%, at $65.17/bbl. WTI was down 20 cents i.e. 0.3%, at $59.36/bbl - nearly a 6% drop from last Friday's prices. Oil is now below where it was before the US drone strike that killed a top Iranian general on January 3.

Ashok Leyland partners with ABB Power Products in the public electric mobility space
Hinduja Group's flagship firm Ashok Leyland and ABB Power Products and Systems India on Thursday announced a partnership for co-operation in public electric mobility space with plans to develop electric bus that can be charged within seconds. Shares of ABB India were trading 4% higher.

NAME OF THE STOCK : TATAMOTORS

DATE : 13/01/2020 

SEGMENT : CASH CHART 

TYPE : Candlestick 

EXCHANGE : NSE 

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE: CS CALL: - BUY TATAMOTORS CASH NR CMP 196 TGT 205 SL 189

RATIONALE FOR ARRIVING INVESTMENT ADVICE : 

We Provide Trading calls on the basis of following key points:

1. Technical Analysis (Use of Candlestick Charts, Technical Indicators like: RSI, MACD, Stochastic, ADX etc,) 
2. Fundamentals of the Company 
3. Live Market News & Updates (Company related, Sector related, Economy related, political, Global news etc.) 
4. Tracking of Market Data’s (GDP, IIP, CPI, WPI, TRADE BALANCE etc.) 
5. Tracking of Market Events like (RBI POLICY, FED POLICY, ECB MEETING, and OPEC MEETING etc.) 
6. Tracking of Market Trends like Bullish Trend, Bearish Trend, and Consolidation etc. 


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