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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 24 JAN 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK

The benchmark S&P BSE Sensex surged 421 points off day's low to hit an intra-day high of 41,697.03. At close, the Sensex settled at 41,613.19 level, up 226.79 points or 0.55 per cent. UltraTech Cement, L&T, Tech Mahindra, and Kotak Mahindra Bank were the top gainers on the 30-share index, while Power Grid, IndusInd Bank, TCS, and Reliance Industries were the top laggards. 

GLOBAL FACE

Asian Market- Stocks in Asia edge higher as investors continue to weigh impact of coronavirus. Hong Kong’s Hang Seng index recovered from an earlier slip, rising 0.15% to close early at 27,949.64. The Nikkei 225 in Japan closed 0.13% higher at 23,827.18 while the Topix index finished its trading session flat at 1,730.44.

U.S. Market – US futures point to slightly higher open on Wall Street. Dow futures were up 35 points, indicating a positive open of about 46 points. S&P 500 and Nasdaq futures were also just above the flat line. Global equities have been subdued recently by fears of the China coronavirus spreading, with the death toll rising to 25 and the number of confirmed cases increasing to 830.

European markets- Stocks jumped in Europe while U.S. index futures edged higher as investors digested the latest corporate news and economic data, setting aside for now fears over a deadly virus spreading from China. Oil fell for a fourth day.

NIFTY SPOT

MARKET TALKS

Strides Pharma Science Limited announced that its formulation facility at Alathur (Chennai), India, underwent a USFDA inspection which concluded with Zero 483 observations.This is the second consecutive Zero 483 inspection for the site. The current inspection was a Pre-Approval Inspection for sustained release class of drugs which is a new dosage format for the facility and is one of the focus areas for the company in the global markets.Strides Pharma Science announces successful completion of USFDA inspection at Alathur facility with zero 483 observations

NAME OF THE STOCK : PEL

DATE : 23/1/2020

SEGMENT : CASH 

CHART TYPE : Candlestick

EXCHANGE : NSE 

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

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