CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 20 JAN 2020

INDIAN FACE  

                      

INDIAN EQUITY BENCHMARK

After scaling fresh record highs during the early morning deals, equity markets slumped nearly a per cent on Monday as investors turned to profit booking. The benchmark S&P BSE Sensex declined 760 points from the record high level of 42,274 to hit an intra-day low of 41,503. On the NSE, the Nifty50 slipped below the crucial 12,250-mark in the intra-day trade. The 50-share index hit a record high of 12,430.50-mark in the opening deals, but eventually hit an intra-day low of 12,220.70.

GLOBAL FACE

Asian Market- Major Asian markets mostly rise as China keeps its loan prime rate unchanged. Mainland Chinese stocks saw gains on the day, with the Shanghai composite up 0.66% to about 3,095.79. South Korea’s Kospi added 0.54% to close at 2,262.64. In Japan, the Nikkei 225 rose 0.18% to close at 24,083.51


U.S. Market – US market to remain closed today.


European markets- European stocks slightly lower as caution returns ahead of Davos. FTSE down 0.04%.DAX down 0.29% and CAC down 0.29% respectively.


NIFTY SPOT

MARKET TALKS

Kotak Mahindra Bank's standalone PAT up 24% yoy at Rs1,596cr in Q3FY20
Kotak Mahindra Bank's standalone PAT for Q3FY20 increased to Rs1, 596cr from Rs1, 291cr in Q3FY19 up 24% yoy. Net Interest Income (NII) for Q3FY20 increased to Rs3, 430cr from Rs2, 926cr in Q3FY19, up by 17% yoy. Net Interest Margin (NIM) for Q3FY20 came in at 4.69% vs. 4.31% in Q3FY19. CASA ratio as on December 31, 2019, stood at 53.7% compared to 50.7% as on December 31, 2018. TD sweep deposits as on December 31, 2019, were 7.4% of the total deposit

Power Grid spurts 4% after subsidiary commissions transmission project
Power Grid said in an exchange filing that Power Grid Southern interconnector Transmission System, a 100% wholly-owned subsidiary of the company, secured through tariff-based competitive bidding (TBCB) comprising elements viz. Vemagiri-11 - Chilakaluripeta 765kV DIC line, Chilakaluripeta - Cuddapah 765kV DIC line, Chilakaluripeta - Narsaraopeta (Sattenapalli) 400kV (quad) DIC line, Cuddapah - Madhugiri 400kV (quad) DIC line, Srikaukulam Pooling Station - Garividi 400 kV (Quad) DIC line and 765/400 kV substation at Chilakaluripeta on build, own, operate and maintain (BOOM) basis, has been successfully commissioned progressively on January 17, 2020

Prestige Estates invests in Lokhandwala DB Realty LLP; stock zooms 9%
Prestige Estates Projects on Sunday announced that its subsidiary, Prestige Falcon Realty Ventures has invested in Lokhandwala DB Realty LLP.Reacting to this news, the share price of Prestige Estates zoomed over 9% on the BSE.Prestige Falcon Realty Ventures Private Limited, a wholly-owned subsidiary of M/s. Prestige Estates Projects Limited, has invested in Lokhandwala DB Realty LLP by way of capital account contribution and admitted as a partner of the LLP with 50% economic and voting rights, the company said in the press note. 

L&T Finance Holdings cons. PAT at Rs591cr in Q3FY20  
L&T Finance Holdings (LTFH) reported a consolidated net profit of Rs591cr in Q3FY20 vs. Rs580cr in Q3FY19. The company sales rose 8% yoy to Rs3, 630.64cr in the quarter ended December 2019 as against Rs3, 359.77cr during the previous quarter ended December 2018.The company pre-provisioning operating profit (PPOP) stands at Rs1, 334 for Q3FY20, up 12% yoy.

NAME OF THE STOCK : JUBILANT 

DATE : 20/1/2020 

SEGMENT : CASH CHART 

TYPE : Candlestick 

EXCHANGE : NSE 

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE: CS CALL: - BUY JUBILANT IN CASH NR 604 TGT 624 SL 590

RATIONALE FOR ARRIVING INVESTMENT ADVICE : We Provide Trading calls on the basis of following key points: 
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