CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 09 JAN 2020

INDIAN FACE  

                      

INDIAN EQUITY BENCHMARK

Equity benchmark indices rallied further in the afternoon session amid softening crude oil prices. The stock market rose following optimism in the global markets after US President Donald Trump’s comments on the Iran conflict eased worries and improved risk appetite. The BSE Smallcap surged 202 points or 1.46% at 14,076 levels. Trent, Adani Green, Lal Pathlab, DeltaCorp and IDFC were among the top contributors to the index's gain.

GLOBAL FACE

Asian Market- Asian markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 is up 2.31% while Hong Kong's Hang Seng is up 1.68% and China's Shanghai Composite is up 0.91%

U.S. Market – North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.71% and the S&P 500 rose 0.49%. The Bovespa lost 0.36%.

European markets- European markets are broadly higher today with shares in Germany leading the region. The DAX is up 1.40% while France's CAC 40 is up 0.58% and London's FTSE 100 is up 0.45%.


NIFTY SPOT

MARKET TALKS

Jet Airways locked in 5% upper circuit on reports of second EoI
Shares of Jet Airways were locked in 5% upper circuit for the eight straight session after media reports saud that the airline has received its second expression of interest (EoI) from an unidentified "high net worth, domestic, nonaviation company." Jet Airways (India) Ltd is currently trading at Rs41.45 up by Rs1.95 or 4.94% from its previous closing of Rs39.50 on the BSE.

Vodafone Idea slumps 4% after SC rejects open court hearing plea
Vodafone Idea shares fell 4% after the Supreme Court rejected telecom companies' open court hearing plea against the AGR judgment. The SC is likely to hear a review petition in the next week before January 23 deadline, media sources reported. Shares of Bharti Airtel also gave up part gains from early trade.

Coffee Day defaults on interest payment for dues worth Rs489.48cr
Shares of Coffee Day Enterprises Ltd hit an upper circuit of Rs43.35 on the BSE in the afternoon trade. The company has defaulted on payments of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities for the quarter ended December 31, 2019, for the total debt of Rs489.5cr.

Sadbhav Infra & Indinfravit Trust to sell former's stake in 9 SPVs
Sadbhav Infrastructure Project Limited and the Indinfravit Trust informed the exchanges regarding the sale of the entire equity share capital held by SIPL (directly and through its nominees, at the time of closing) in 9 special purpose vehicles comprising the following assets.

NAME OF THE STOCK: M&M

DATE: 10/01/2020

SEGMENT: CASH

CHART TYPE: Candlestick

EXCHANGE: NSE

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE:


CALL CS CALL: BUY M&M CASH NR CMP 541 TGT 555 SL 531

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 

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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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