CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 16 JAN 2020

INDIAN FACE  

                      

INDIAN EQUITY BENCHMARK

Equity benchmark indices were trading lower in the afternoon session, with the Nifty slipping 48 points to 12,300 and the Sensex falling 190 points to 41,762. As per media reports, Trump is slated to sign the Phase 1 trade agreement with Chinese vice Premier Liu He at the White House today. The Nifty Metal index erased morning losses to trade higher with buying witnessed in NMDC, Jindal Steel, NALCO, Welspun Corp and SAIL. Hindustan Zinc, Hindalco, JSW Steel, Tata Steel and Coal India were also trading higher on the index.

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

Sundaram Finance to divest entire stake in Equifax
Sundaram Finance Limited (SFL) on Wednesday said that it has executed a Share Purchase Agreement for sale of its entire equity stake of 100% in Equifax Credit lnformation Services Private Limited (Equifax). SFL holds 10% stake in Equifax or 1, 35, 00,000 equity shares of Rs10/- each. Equifax is a Credit Information Company and provides various credit information services. 

Bharti Airtel announces successful completion of raising $3bn via QIP & FCCB
Bharti Airtel on Wednesday announced the successful fund raising exercise through completion of Qualified Institutional Placement (QIP) and pricing of Foreign Currency Convertible Bonds (FCCBs). The transaction is the largest dual tranche Equity and FCCB offering ever in AsiaPacific, the largest QIP by a private sector issuer ever in India and the largest FCCB offering from an India issuer in the last 12 years.

Deepak Nitrite acquires industrial land in Gujarat; stock up 0.5%
Deepak Nitrite has acquired industrial land admeasuring around 125 acres situated at industrial phase, GIDC Industrial Estate, Dahej-2, Gujarat for a total consideration of Rs99.25cr. The company has received the transfer order from the Gujarat Industrial Development Corporation (GIDC) in its favour in respect of the said industrial land and has paid the entire purchase consideration and other related charges.

Capacite lnfraprojects soars 3% after order win
After it has received contract worth Rs407.16cr (excluding GST) for construction of multi-storey super specialty Hospital Building at Sir J J Hospital Campus Byculla, Mumbai on EPC (Engineering, Procurement and construction) mode. Rahul Katyat, Managing Director said, "We are delighted to add another reputed client to our order book. We remain confident of delivering these projects within the stipulated timelines.

NAME OF THE STOCK: DMART

DATE: 16/01/2020

SEGMENT: CASH

CHART TYPE: Candlestick

EXCHANGE: NSE

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE:
CALL CS CALL: BUY DMART CASH NR CMP 1933 TGT 1983 SL 1893
RATIONALE FOR ARRIVING INVESTMENT ADVICE :

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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