CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 21 JAN 2020

INDIAN FACE  

                      

INDIAN EQUITY BENCHMARK

The S&P BSE Sensex erased 205.10 points, or 0.49 per cent, to settle at 41,323.81 level. Tata Steel, Asian Paints, and Maruti Suzuki were the top laggards at the headline index. On the other hand, UltraTech Cement, HDFC, and IndusInd Bank ended the day as top gainers. In the intra-day trade, the Sensex hit a low of 41,301.63. 

GLOBAL FACE

Asian Market- Asia, Europe Markets, Airline Stocks Drop over China Virus Outbreak. The United Kingdom's FTSE 100 traded 1.14% lower at 7,563.88. China's Shanghai Composite index was down 1.41% at 3,052.14, while Shenzhen Component traded 1.46% lower.

U.S. Market – U.S. Futures Decline with Stocks; Treasuries Rise. U.S. equity futures retreated alongside European stocks on Tuesday, tracking broad declines across Asia amid mounting worries about a deadly virus in China and after a series of negative developments in Hong Kong

European markets- European markets are under the influence of the IMF’s warning about global growth. The bank has trimmed its global growth outlook, but it did provide some silver lining by mentioning that the world economy will strengthen in 2020. The bank said that global growth in 2020 will accelerate to 3.3% from 2.9%. This forecast was weaker what the bank predicted back in October 2019, it stood at 3.4%.

NIFTY SPOT

MARKET TALKS

ICICI Prudential Life's net profit up 1.9% yoy to Rs302.5cr
ICICI Prudential Life Insurance reported a 8.7% yoy rise in net premium income to Rs8,131cr vs. Rs7,483cr. Net profit grew 1.9% at Rs302.5cr against Rs297cr yoy. Solvency ratio stood at 207.2% against 224.3% yoy. Value of New Business (VNB) for 9MFY2020 was Rs113.5cr. With an APE of Rs540.7cr for 9MFY20, VNB margin was 21.0% for 9MFY20 as compared to 17.0% for FY19. The increase in VNB margin is primarily on account of increase in protection mix. For 9MFY20, based on Retail Weighted Received Premium (RWRP), the Company had a private market share of 16.6% and overall market share of 9.5% 

Granules India reports 10% yoy rise in PAT for Q3
Granules India reported a net profit of Rs64cr in Q3FY20, rising 10.3% yoy, from Rs58cr in Q3FY19. Its income from operations rose 11% yoy to Rs704cr in Q3FY20. The company's operating profit margin rose to 23.2% from 17.9% yoy. 

Hindustan Zinc reports 26% yoy in Q3
Hindustan Zinc shares slipped ~2% in morning trade on Tuesday. The company, on Monday, reported a 26.7% fall in net profit at Rs1, 620cr for Q3FY20.Net profit in Q3FY19 was Rs2, 211cr, the company said in a filing.The total income during the said quarter fell to Rs5, 117cr from Rs6,090cr in the year-ago period.

IDBI Bank sells 17.9 lakh shares of NSEIL
IDBI Bank informed on Monday that it has sold in aggregate 17.90 lakh shares constituting 0.36% of the paid up capital of National Stock Exchange of India Ltd (NSEIL). As on date, the Bank is holding 10, 25,683 equity shares in NSEIL constituting 0.21% of the paid up capital. 

NAME OF THE STOCK : CANFINHOME 

DATE : 21/1/2020 

SEGMENT : CASH  

CHART TYPE : Candlestick 

EXCHANGE : NSE 

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE: CS CALL: - BUY CANFINHOME IN CASH NR CMP 463-464 TGT 480 SL 453

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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