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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 3 FEB 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK

The S&P BSE Sensex gained 137 points or 0.34 per cent to end at 39,872 with Asian Paints (up over 6 per cent) being the top gainer and ITC (down 5 per cent) the biggest loser. HUL, Asian Paints, ICICI Bank, and IndusInd Bank contributed the most to the index's gains while ITC, TCS, and Infosys were the major drags.

GLOBAL FACE


Asian Market- Chinese stocks plunge 7% amid virus fears on first trading day after Lunar New Year holiday. The Shanghai composite fell 7.72% to close at about 2,746.61 while the Shenzhen component dropped 8.45% to end its trading day about 9,779.67. The Shenzhen composite also declined 8.414% to close at around 1,609.00. The indexes all fell around 9% in early trade during the session. In Japan, the Nikkei 225 fell 1.01% to close at 22,971.94 while the Topix index also declined 0.7% to end its trading day at 1,672.66. South Korea’s Kospi closed largely unchanged at 2,118.88.

U.S. Market- U.S. equity futures rose and European stocks fluctuated following steep losses at the end of last week and as investors digested the latest developments in the coronavirus outbreak. Shares plunged in China as markets there reopened after a long holiday.

European markets- European shares inch higher on Brexit relief; Coronavirus fears cap gains. European shares opened a tad higher on Monday as investors were relieved that the UK finally exited the EU, although concerns over the growing Chinese coronavirus dampened enthusiasm.

NIFTY SPOT





MARKET TALKS

PVR gains 1.5% on ratings upgrade
Shares of PVR Ltd zoomed 3.5% on the BSE in the last hour of the trading session on the BSE. CRISIL on Saturday has upgraded its rating on the non-convertible debentures and long-term bank facilities of the company to CRISIL AA/Stable from CRISIL AA-/Stable.  The rating agency has also withdrawn its ratings on the Rs225cr non-convertible debentures as these have been redeemed. The withdrawal is in-line with CRISIL's withdrawal policy.

Godrej Properties cons. net profit up 9% yoy at Rs45cr; stock zooms 8%
Godrej Properties Limited (GPL), a leading national real estate developer, posted a net profit of Rs45cr, with a growth of 9% yoy. The company’s total income also increased by 4% to Rs491cr and EBITDA was climbed by 60% to Rs151cr.  Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said: ''The overall environment in the real estate sector remains challenging but we continue to believe that the ongoing consolidation in the sector provides Godrej Properties with a tremendous opportunity to drive market share growth in residential real estate. We expect to end the year on a strong note with a large number of project launches and project additions expected in the upcoming weeks."

HCL Technologies to enter Sri Lanka in a strategic investment:
Signing an agreement with the Board of Investment (BOI) of Sri Lanka, HCL Technologies (HCL), a leader in global technology announced the establishment of its global delivery center in Colombo. Marking its presence within the region, HCL aims at boosting employment, providing resources and skilling the local talent to serve its global clients. Founded in 1976, HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age.

BHEL bags order for Hydroelectric Project in Nepal
BHEL has won an order for the ElectroƂ- Mechanical (EM) works for the 40 MW Rahughat Hydroelectric Project in Nepal. The order has been placed on BHEL by the Raghuganga Hydropower Limited (RGHPL), a company 100% owned by Nepal Electricity Authority (NEA) the sole public power utility in Nepal and owned by the Govt. of Nepal. The project is majority funded by EXIM Bank of India in the form of a soft loan, along with funding from NEA and the Govt. of Nepal. WAPCOS, India is the project consultant.

NAME OF THE STOCK : CASTROLIND

DATE :  3/1/2020

SEGMENT : CASH

CHART TYPE : Candlestick

EXCHANGE : NSE

VOLUME.MACD, RSI. : TECHNICAL INDICATORS USED



INVESTMENT ADVICE: CS CALL - BUY CASTROLIND IN CASH NR CMP 147-147.5 TGT 152 SL 143.

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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