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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 28 JAN 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK

The S&P BSE Sensex plummeted 188.26 points, or 0.46 percent, to end at 40,966.86 level. Bharti Airtel (down 4 percent), Tata Steel (4 percent), and Reliance Industries (3 percent) were the top laggards at the 30-share index. On the upside, HDFC (1.6 percent), Bajaj Finance (1.3 percent), and Sun Pharma (1 percent) were the top gainers. In the intra-day trade, the Sensex hit a low of 40,869.75.


GLOBAL FACE


Asian Market- Asian stocks are hammered again by virus fears. US and European markets are recovering. South Korea's Kospi (KOSPI) shed 3.1% during its first day of trading following the Lunar New Year. Japan's Nikkei 225 (N225), which did not close for the holiday, slumped 0.6%. Markets in Shanghai and Hong Kong remains closed.

U.S. Market – US stock futures were also higher, with the NASDAQ poised to gain the most. US markets closed down sharply on Monday. The Dow (INDU) fell 454 points, or 1.6%, its worst one-day percentage loss since October. The S&P 500 (SPX) and Nasdaq Composite (COMP) lost 1.6% and 1.9%, respectively.

European markets- London's FTSE 100 (UKX), Frankfurt's DAX (DAX) and the CAC 40 (CAC40) in Paris — added roughly 0.5% in early trade.

NIFTY SPOT



MARKET TALKS

Century Textile's Q3 net profit slips 57%
Century Textiles & Industries Ltd (Century Textiles) announced its results for the quarter ended December 31, 2019 today. The company's net profit plunged ~58% yoy at Rs36cr vs. Rs84.2cr in Q3FY19. The company's revenue came in at Rs877cr for Q3FY20 vs. Rs951cr in Q3FY19, a decline of 7.8% yoy. EBITDA for the quarter under review fell 24.5% yoy at Rs125cr vs. Rs201.3cr in the corresponding quarter previous year. The margins saw a decline of 390bps yoy at 17.3% compared to 21.2% reported in Q3FY19.

Maruti Suzuki posts 5.1% yoy growth in net profit for Q3FY20
The Board of Directors of Maruti Suzuki India Ltd. on Tuesday approved the financial results for the period October-December 2019 (Quarter 3) and April-December, FY 2019-20. During the quarter, the company registered net sales of Rs19, 649.1cr, higher by 3.8% yoy compared to the same period the previous year. Net profit for the quarter stood at Rs1, 564.8cr, higher by 5.1% yoy compared to the same period the previous year on an account of cost reduction efforts, lower operating expenses, lower commodity prices, and reduction in corporate tax rate, partially offset by higher sales promotion expenses, higher depreciation, and lower fair value gains on invested surplus. 

DHFL locked in 5% lower circuit over the arrest of promoter Kapil Wadhawan
Shares of Dewan Housing Finance Corporation (DHFL) were locked at 5% lower circuit on January 28, 2020, after the Enforcement Directorate (ED) arrested Kapil Wadhawan, the promoter of the company. On January 27, the ED arrested Kapil Wadhawan, the promoter of DHFL in connection with the Iqbal Mirchi case. The arrest was made in connection with a money laundering case being investigated against late drug smuggler Iqbal Memon alias Mirchi.

Navin fluorine surges ~6% post Q3 results
Navin Fluorine is trading higher by more than 6% in trade today. The company had announced its earnings for the quarter ended December 31, 2019, on Monday. The Q3FY20 results of the company witnessed a rise on all fronts. The company's revenue for the quarter under review rose 11.4% yoy to Rs260.5cr. Net profit came in higher by 17.6% yoy to Rs45.4cr. The company's EBITDA increased by 26.2% yoy to Rs65.5cr. Margins for the quarter under review stood at 25.1% vs. 22.2% reported in the corresponding quarter previous year.


NAME OF THE STOCK : GODREJCP

DATE : 28/1/2020

SEGMENT : CASH 

CHART TYPE : Candlestick

EXCHANGE : NSE 



INVESTMENT ADVICE: CS CALL - BUY GODREJCP IN CASH NR CMP 735-737 TGT 755 SL 720

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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