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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 10 FEB 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK
Tracking global peers, domestic stocks ended lower for the second consecutive day on Monday as uncertainties around coronavirus weighed on investor sentiment. The number of deaths from China's new virus epidemic jumped to 902 after the hardest-hit province of Hubei reported 91 new fatalities. The S&P BSE Sensex declined 162 points or 0.39 percent to end at 40,980. During the session, the index witnessed 373-point swing. NSE's Nifty50 index ended at 12,031.50, down 67 points or 0.55 percent.

GLOBAL FACE


Asian Market- Asian markets slip amid warnings that China virus remains a threat.

U.S. Market- US futures point to cautious open as investors monitor coronavirus.  U.S. stock index futures were little changed Monday morning as investors assess the impact of the coronavirus outbreak in China.Dow futures indicated a drop of about 10 points at the open, while futures on the S&P 500 were fractionally lower and the Nasdaq slightly higher.

European markets- Tokyo’s Nikkei 225 NIK, -0.60% and Hong Kong’s Hang Seng HSI, -0.59% each shed 0.6%, though the Shanghai Composite Index SHCOMP, +0.51% rebounded and rose 0.5%. In South Korea, the Kospi 180721, -0.49% declined 0.5% while Sydney’s S&P/ASX 200 XJO, -0.14% closed down 0.1%. Markets in New Zealand NZ50GR, -0.50%, Taiwan Y9999, -0.33% and Southeast Asia also retreated. Indonesian stocks slid 1%.

NIFTY SPOT





MARKET TALKS

MRF stock gains 3% despite the decline in Q3 net profit
MRF registered a consolidated net profit of Rs241.3cr, with a decline of 17% yoy in the quarter ended December 2019 as against Rs290.8cr during the previous quarter ended December 2018. The revenue of the company fell marginally by 0.47% to Rs4,075.75cr in the quarter ended December 2019 as against Rs4,095.03cr during the previous quarter ended December 2018

Cadila receives EIR from USFDA for Ahmedabad facility
Cadila Healthcare informed the exchanges today that the company's topical manufacturing facility located at Ahmedabad, India has received an Establishment Inspection Report (EIR) from the USFDA signifying the successful closure of the audit. The topical manufacturing facility had completed the USFDA audit from 16th to 20th December 2019 with zero 483 observations.

Gail (India) posts higher net profit by 12.9% yoy in Q3FY20
Gail (India) posted a consolidated net profit which was higher by 12.9% yoy at Rs2, 029.5cr for Q3FY20 as against a profit of Rs1,797cr in the same period last year. However, its consolidated revenue came down by 11.5% to Rs17, 898.2cr during the quarter under review. The company has declared the payment of Interim Dividend at 64% or Rs6.40 per share on the paid-up equity share capital of the company for the FY2019-20.

BHEL commissions two hydro power generating units in Arunachal Pradesh
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned two units of 4x150 MW Kameng Hydroelectric Project (HEP) in Arunachal Pradesh. Notably, this is the largest unit rating (150 MW) for hydropower generating sets in the state of Arunachal Pradesh.  Being developed by North Eastern Electric Power Corporation Limited (NEEPCO), the Greenfield Hydro project is located in West Kameng district of Arunachal Pradesh. Kameng HEP is a run-of-the-river scheme which will utilize the flow from Bichom and Tenga rivers.

NAME OF THE STOCK : TECHM

DATE :  7/1/2020

SEGMENT : CASH

CHART TYPE : Candlestick

EXCHANGE : NSE

VOLUME.MACD, RSI. : TECHNICAL INDICATORS USED




INVESTMENT ADVICE: CS CALL - BUY TECHM IN CASH ABOVE 827 TGT 847 SL 812

We Provide Trading calls on the basis of the following key points: RATIONALE FOR ARRIVING INVESTMENT ADVICE:
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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