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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 17 FEB 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK
Benchmark indices ended around half a per cent lower on Monday, dragged down by banking stocks exposed to telecom operators after the government ordered mobile carriers to immediately pay the adjusted gross revenue (AGR) dues.
The S&P BSE Sensex declined 202 points or 0.49 per cent to end at 41,056 levels. HDFC, Reliance Industries (RIL), ITC, SBI, and ICICI Bank emerged as the major contributors to the index's fall while TCS and Infosys gave the much-needed support. 

GLOBAL FACE


Asian Market-Markets were mixed in Asia on Monday, with Japan’s benchmark slipping after the government reported the economy contracted 6.3% in annual terms in the last quarter. China’s shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax cuts.

U.S. Market-U.S. markets will be closed Monday due to the Presidents Day holiday. On Tuesday, Walmart is set to report earnings.

European markets-The Nikkei 225 NIK, -0.69% down 0.6%, while Sydney’s S&P ASX/200 XJO, -0.07% finished flat. South Korea’s Kospi 180721, -0.06% finished flat, while the Hang Seng HSI, +0.52% in Hong Kong climbed 0.5%.

NIFTY SPOT




MARKET TALKS

Tata Motors board meeting to be held on Feb 24 to discuss NCD issues
Tata Motors said in the press note on Monday that it is desirous of offering rated, listed, unsecured, redeemable, non-convertible debentures, aggregating Rs500cr in two tranches. In this regard, it is "holding a meeting of its duly constituted committee of the board on February 24. The issuance is pursuant to the approval of the board of directors' resolution passed at the meeting held on October 25, 2019,"

Moody's cut India’s GDP growth forecast to 5.4% from earlier 6.6% for 2020 
Moody's Investors Service (Moody’s) on Monday has slashed India's Gross Domestic Product (GDP) growth forecast for 2020 to 5.4%, earlier it predicted a GDP growth of 6.6%. Moody's has also cut the 2021 GDP growth from 6.7% to 5.8%. The business and financial services company said that it expects G-20 economies to collectively grow at an annual rate of 2.4% in 2020. Today, it has also reduced its global growth projection, saying that the coronavirus outbreak has diminished optimism about prospects of an incipient stabilization of global growth this year

Reliance Infrastructure stock surges 5% after profit rises in Q3 Shares of Reliance Infrastructure surged 5% on the BSE after the company’s net profit rose 17.61% to Rs345.5cr in the quarter ended December 2019 as against Rs293.77cr during the previous quarter ended December 2018.

USFDA completes inspection at Granules India's Hyderabad facility 
USFDA has completed inspection at Granules India facility in Gagillapur located in Hyderabad, Telangana, India on February 14, 2020, with two observations. Granules India will respond to these observations within the stipulated time.  We successfully completed an FDA audit with two observations, which are being addressed and will respond to the FDA within the stipulated time. These observations will not affect the business continuity, said Krishna Prasad, Chairman and Managing director, Granules India Limited, commenting on the USFDA Audit.

NAME OF THE STOCK : TECHM

DATE :  7/1/2020

SEGMENT : CASH

CHART TYPE : Candlestick

EXCHANGE : NSE

VOLUME.MACD, RSI. : TECHNICAL INDICATORS USED




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