CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 08 JAN 2019

INDIAN FACE  

                      

INDIAN EQUITY BENCHMARK

Equity benchmark indices extended its losses in the morning trade, however, it staged a recovery in the afternoon trade. The Sensex was down 180 points at 40,689 and the Nifty was 63 points lower at 11,990. BSE Midcap and Smallcap indices were 0.26% and 0.04% down, respectively. The Nifty PSU Bank index fell over 1.3% at 2,383.95 levels led by Punjab National Bank, Union Bank, UCO Bank, Indian Bank, Bank of India and Canara Bank, which are down over 2% each. Shares of SBI, Central Bank and J&K Bank were also trading lower.

GLOBAL FACE

Asian Market- Asian markets finished broadly lower today with shares in Japan leading the region. The Nikkei 225 is down 1.57% while China's Shanghai Composite is off 1.22% and Hong Kong's Hang Seng is lower by 0.95%.


U.S. Market – North and South American markets finished lower on Tuesday with shares in Mexico leading the region. The IPC is down 0.76% while U.S.'s S&P 500 is off 0.28% and Brazil's Bovespa is lower by 0.18%.


European markets- European markets are lower today with shares in Germany off the most. The DAX is down 0.67% while London's FTSE 100 is off 0.48% and France's CAC 40 is lower by 0.47%.


NIFTY SPOT

MARKET TALKS

Maruti Suzuki reports 7.8% yoy rise in production in December
Maruti Suzuki on Wednesday reported a 7.88% rise in production at 115,949 units in December 2019. The company had manufactured 107,478 units during the same period a year ago. The carmaker had cut production over 8 times in FY20. Production of compact segment cars (WagonR, Celerio, Ignis, Swift, Baleno and Dzire) stood at 62,448 units as against 44,329 units in December 2019, up 40.87%.

Bank of Baroda down 1% even as board approves fund raising up to Rs2,000cr
Bank of Baroda informed the exchanges that the designated committee of the board, i.e., capital raising committee of the bank has today approved issuance of Basel I Compliant Tier II Bonds for aggregate total issue size not exceeding Rs2000cr in single or multiple tranches.

Mastek rises 2% on Mastek UK's partial stake sale in Mastek USA
Mastek Limited intimated the exchange about the sale of Mastek (UK)'s partial holding of 8, 24,500 shares in Majesco (USA) for a cash consideration of $6.49mn in the open market on NASDAQ on January 7, 2020. The sale will help Mastek (UK) Ltd. drive its growth strategy. Accordingly, after the completion of the aforesaid partial stock sale, the stake of Mastek (UK) Limited in Majesco (USA) will stand reduced to 22,20,375 shares from existing 30,44,875 shares.

Yes Bank gains on announcing board meet to raise funds
Yes Bank shares gained in late morning trade after the company's board announced that a board meeting would be held on Jan 10, 2010. The meeting would be held to discuss and consider raising of funds by issue of equity shares / depository receipts / convertible bonds / debentures / warrants.

NAME OF THE STOCK: DMART

DATE: 09/01/2019

SEGMENT: CASH

CHART TYPE: Candlestick

EXCHANGE: NSE

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE:

CS CALL: - BUY DMART CASH NR CMP 1829 TGT 1880 SL 1790

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,)

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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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