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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 5 FEB 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK
Encouraging macro data points, buying in metal, realty and financial counters and positive global cues helped benchmark indices to settle in the green for the third consecutive day on Wednesday. The S&P BSE Sensex today rallied 353 points or 0.87 per cent to reclaim the crucial 41,100 level to end at 41,143. Tata Steel (up nearly 5.5 per cent) emerged as the biggest gainer on the index, followed by Bharti Airtel, HDFC, and TCS. On the contrary, Hero MotoCorp, Maruti and Power Grid were among the biggest losers. On the NSE, the benchmark Nifty50 index ended just shy away from the crucial 12,100 level at 12,089, up 106 points or 0.9 per cent.

GLOBAL FACE


Asian Market- Asian markets are higher, but the coronavirus still looms over businesses. China's Shanghai Composite Index (SHCOMP) rose 1.3% Wednesday, building on Tuesday's modest rebound. But the index has still not recovered from its heavy losses Monday, when it plunged nearly 8% and recorded its worst single-day performance since 2015.

U.S. Market- Stock rally expected to continue as Dow futures jump nearly 300 points. U.S. stock index futures pointed to a higher open on Wednesday as the market continues to bounce back from a steep sell-off that was sparked by worries over the coronavirus.

European markets- Japan's Nikkei 225 (N225) advanced 1% on Wednesday. Hong Kong's Hang Seng Index (HSI) rose 0.3%, while South Korea's Kospi (KOSPI) moved up 0.4%.

NIFTY SPOT




MARKET TALKS

NIIT Ltd. posts Q3 net profit higher by 40% yoy;
NIIT Ltd., a global leader in skills and talent development, today reported its results for Q3FY20. During the quarter, the company recorded a Profit After Tax of Rs27.1cr, up 40% yoy and Net Revenue of Rs247.6cr, up 10% yoy. EBITDA was recorded at Rs24.6cr, up 10% yoy. Operating Margin stood at 10%.  Speaking on the company's performance, Mr. Vijay K Thadani, Vice Chairman & MD, NIIT Limited said, "During the quarter, NIIT delivered strong Profit after Tax of Rs27.lcr, up 40% yoy, backed by a robust growth of 17% yoy in Corporate Learning Group.

Adani Enterprises Q3 net profit rises three-fold at Rs426cr
Adani Enterprises Ltd, (AEL) part of the Adani Group, today announced its results for the third quarter ended December 31, 2019. The PAT attributable to owners for Q3FY20 increased three-fold to Rs426cr vs. Rs92cr in Q3FY19. The company’s consolidated total income for the quarter increased by 5% yoy to Rs11,075cr as against Rs10,548cr for the corresponding quarter in the previous year. The EBIDTA for the quarter also rose by 58% to Rs884cr vs. Rs562cr in Q3FY19.

Apollo Tyres cons. net profit at Rs173.9cr in Q3FY20
Apollo Tyres' consolidated net profit dropped by 12% yoy at Rs28.3cr in December 2019 from Rs197.9cr in December 2018. The company’s revenue was also down 7% at Rs4, 399cr in December 2019 from Rs4, 718.4cr in December 2018.However, the consolidated EBITDA went up 1% at Rs532.9cr in Q3 as against Rs527.4cr and margin stood at 12.1% yoy in Q3FY20. 

Bosch posts cons. net profit at Rs190cr in Q3FY20 
Bosch posts cons. net profit at Rs190cr in Q3FY20 Bosch Limited, a leading supplier of technology and services, posted a total net profit after tax including discontinuing operations at Rs190cr for Q3FY20. Total revenue from operations of Rs2, 537cr in Q3FY20 registered a decline of 15.7% over the same period of the previous year. 


NAME OF THE STOCK : CONCOR

DATE :  5/1/2020

SEGMENT : CASH

CHART TYPE : Candlestick

EXCHANGE : NSE

VOLUME.MACD, RSI. : TECHNICAL INDICATORS USED


INVESTMENT ADVICE: CS CALL - BUY CONCOR IN CASH NR CMP 594-595 TGT 610 SL 584

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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