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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 4 FEB 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK
Recouping all its Budget day losses, equity market staged a stellar rebound on Tuesday with the benchmark indices settling over 2 per cent higher. Brisk buying was witnessed across-the-board. Further, recovery in global markets too boosted investor sentiment. Saturday fall was a knee-jerk reaction but as investors realised that the budget will aid in the long-term growth of the economy, the market picked up, analysts said. The S&P BSE Sensex today added 917 points or 2.30 per cent to end at 40,789 levels. Barring HUL and Bajaj Auto, rest 28 stocks in the 30-share Sensex index ended in the green. Titan - up over 7 per cent emerged as the biggest gainer on the index after it announced Q3 results.

GLOBAL FACE


Asian Market- Asian markets improve a day after the coronavirus shocked Chinese stocks. Stocks in Asia mostly improved Tuesday, one day after Chinese markets experienced their worst session in years. The Shanghai Composite (SHCOMP) ended up 1.3%.Hong Kong's Hang Seng Index (HSI) rose 1.2% Tuesday, while South Korea's Kospi (KOSPI) rose 1.8%. Japan's Nikkei 225 (N225) edged up 0.5%.

U.S. Market- U.S. stock futures jump — Jim Cramer cites Democratic disarray and imminent impeachment end. Futures on the S&P 500 ES00, +1.08% climbed 1% to 3,278.70, and Dow industrials YM00, +1.04% futures rose 276 points.


NIFTY SPOT



MARKET TALKS

Punjab National Bank posts net loss at Rs492.3cr in Q3FY20
Punjab National Bank reported a standalone net loss of Rs492.3cr in Q3FY20 as against a profit of Rs246.50cr in Q3FY19. Provisions of the bank stood at Rs4,146cr vs. Rs2,929cr on a qoq basis and net NPAs stood at 7.18% in Q3FY20 as against 7.65% qoq.However, total revenue rose 7.49% yoy to Rs15,967.49cr as against Rs14,854.23cr in Q3FY19. The bank's total assets stood at Rs8.20 lakh crore in Q3FY20 against Rs7.47 lakh cr in Q3FY19. Gross NPAs stood for Q3FY20 at 16.30% vs. 16.76% on a qoq basis.

Titan reports growth of 12.9% in Q3 PAT;
Titan Company (Titan) reported a growth of 12.9% in profit after tax for the quarter ending December 2019. Sales income during the same period grew by 9.4% while sales income for the nine month period ending December 2019 grew by 8.2%. The overall standalone income from operations for Q3FY20 was Rs6,206cr, as compared to last year's income of Rs5,672cr during the same period. The income from operations for April to December 2019, the nine-month period, stands at Rs15,581cr. These are standalone Company figures. The consolidated income for the same nine-month period was Rs16,340cr and Rs6,527cr for the third quarter. 

Piramal Enterprises cons. net profit rises 20% yoy
Piramal EnterprisesPiramal Enterprises' consolidated net profit increased by 20% yoy at Rs724.19cr in Q3FY20 as against a net profit of Rs602.75cr in the same period last year. The company’s revenue from operations also jumped by 9% at Rs3, 805.7cr in Q3FY20 as against Rs3, 489cr in Q3FY19

Manappuram Finance stock slumps post block deals 
Manappuram Finance stock slumps post block deals Shares of Manappuram Finance slumped in todayĆ¢��s trade on the BSE post block deal. As per media reports, around 43.05 million shares of the company have changed hands via block deals on the BSE. According to the media reports, Baring India Private Equity Fund II is offering 42 million shares or 5% of the company in an accelerated book-building with a floor price of Rs172 per share, which are at a discount of 6.57% to the last closing prices.

NAME OF THE STOCK: DR REDDY


DATE :  4/1/2020

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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