CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 15 JAN 2020

INDIAN FACE  

                      

INDIAN EQUITY BENCHMARK

The benchmark indices ended with moderate gains but off record high on January 14 with Nifty closed above 10,350. At close, the Sensex was up 92.94 points or 0.22% at 41,952.63, while Nifty was up 30.80 points or 0.25% at 12,360.30. About 1440 shares have advanced, 1036 shares declined, and 151 shares are unchanged. Vedanta, Britannia Industries, Hero MotoCorp, ITC and Zee Entertainment were among major gainers on the Nifty, while losers were Yes Bank, IndusInd Bank, UPL, Reliance Industries and Kotak Mahindra Bank

GLOBAL FACE

Asian Market- Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.73%, while the Hang Seng led the Shanghai Composite lower. They fell 0.42% and 0.28% respectively

U.S. Market – North and South American markets finished broadly higher on Monday with shares in Brazil leading the region. The Bovespa is up 1.58% while U.S.'s S&P 500 is up 0.70% and Mexico's IPC is up 0.42%

European markets- European markets are mixed today. The FTSE 100 is up 0.11% while the DAX gains 0.03%. The CAC 40 is off 0.17%.


NIFTY SPOT

MARKET TALKS

Edelweiss down 3% after ED summons co. on Jan 15
Financial services firm Edelweiss Financial Services on Tuesday said it has received a communication from the Enforcement Directorate (ED) to represent and appear before it on Wednesday. The development follows the statement by the company's Chairman Rashesh Shah stating the firm has no relationship with Capstone Forex, which is being investigated by the ED for foreign exchange rules violation.

IndusInd Bank net profit rises 33% yoy in Q3FY20
IndusInd Bank posted a net profit rise of 33% at Rs1,309cr in the quarter ended December 2019, as against a net profit of Rs985cr in the corresponding quarter of the previous year. Net Interest Income (Nll) for the quarter is Rs3, 074cr as against Rs2, 288cr in the corresponding quarter of the previous year, registering a robust growth of 34% yoy.

European shares trade lower ahead of USChina deal signing
European shares slipped on Tuesday as investors awaited the signing of an phase 1 of the trade agreement between the US and China as well as the start of the fourth-quarter corporate earnings season. The STOXX 600 index fell 0.2%. The CAC 40 is down 0.60%, Germany's DAX is off 0.54%, and the FTSE 100 is lower by 0.19%. In further signs of goodwill, the US Treasury Department on Monday dropped China’s designation as a currency manipulator, Reuters reported. Another report said that China pledged to raise buying of US manufactured goods over the next two years.

Bandhan Bank posts higher net profit for Q3FY20
Bandhan Bank Ltd., posted its net profit for the December quarter which grew by 120.85% to Rs731cr as against Rs331cr in the corresponding quarter previous year. Net Interest Income (NIl) for the quarter also increased by 37.10% to Rs1, 541cr in Q3FY20 as against Rs1, 124cr in the corresponding quarter of the previous year. Non-interest income went up 52.99% to Rs358cr for the quarter ended December 31, 2019, as against Rs234cr in the a corresponding quarter of the previous year.

NAME OF THE STOCK: ITC

DATE: 10/01/2020

SEGMENT: CASH

CHART TYPE: Candlestick

EXCHANGE: NSE

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE:

CALL CS CALL: BUY ITC CASH NR CMP 243 TGT 247 SL 240

RATIONALE FOR ARRIVING INVESTMENT ADVICE : 

We Provide Trading calls on the basis of the 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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