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CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 7 FEB 2020

INDIAN FACE  
                      
INDIAN EQUITY BENCHMARK
Halting its four-day gaining streak, equity market ended in the negative territory on Friday amid worries over economic damage from the coronavirus outbreak and profit-booking in some of the recent outperformers. 
The S&P BSE Sensex today slipped 164 points or 0.4 per cent to settle at 41,142, with NTPC (up over 3 per cent) being the top gainer and IndusInd Bank (down nearly 3 per cent) the biggest loser.

GLOBAL FACE


Asian Market- Asian markets slip ahead of Chinese trade data Japan’s Nikkei NIK, -0.19% slipped 0.2%, and Hong Kong’s Hang Seng Index HSI, -0.33% dipped 0.8%. The Shanghai Composite SHCOMP, +0.33% fell 0.6%, about the same as the smaller-cap Shenzhen Composite 399106, +0.52%. South Korea’s Kospi 180721, -0.72% dropped 1%, while benchmark indexes in Taiwan Y9999, -1.16% , Singapore STI, -1.55% , Malaysia FBMKLCI, +0.11% and Indonesia JAKIDX, +0.21% were mixed. Australia’s S&P/ASX 200 XJO, -0.38% declined 0.6%.

U.S. Market- US futures point to a pullback at the open, ending a four-day winning streak. U.S. stock index futures were lower Friday morning, erasing some gains following a four-day winning streak on Wall Street.

European markets- Dow futures indicated a drop of more than 135 points at the open. Futures on the S&P and Nasdaq were both slightly lower

NIFTY SPOT






MARKET TALKS

Maruti Suzuki India rolls out BS6 compliant Ertiga S-CNG; price at Rs895,000
Adding to its unmatched portfolio of green vehicles, Maruti Suzuki India Limited rolled out the BS6 compliant Ertiga S-CNG, offering a mileage of 26.08 km/kg. Speaking at the launch of the BS6 compliant Ertiga S-CNG, Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India Limited said, As a market leader we are constantly working towards offering sustainable mobility solutions to our customers. Ertiga has been a market leader amongst MPVs, and the introduction of BS6 SCNG will further help augment its leadership in the segment. Being the first Company to introduce factory-fitted CNG cars in the country, today we proudly own the largest portfolio of green vehicles. We would like to thank our customers for their confidence and trust in our products.

L&T and ideaForge enter an MoU to offer drones and allied systems for defence use
Larsen and Toubro (L&T), India's multinational engineering conglomerate and the largest private-sector defence company, and ideaForge, India's largest manufacturer of Unmanned Aerial Vehicles (UAVs) have entered an MoU to offer drones and allied systems for use in defence.

Voltas soars 3% after PAT rises 13% in Q3FY20
Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, posted higher PAT by 13% at Rs88cr in Q3FY20 as compared to Rs78cr in the corresponding quarter last year. The consolidated total income for the quarter ended December 31, 2019, was flat at Rs1,547cr at par with the corresponding quarter last year.

Emami cons. profit up 5% at Rs144.4cr in Q3FY20
Emami Limited posted a net profit of Rs144cr, up by 5% with PAT margins at 17.8% growing by 80 bps. The stock is currently trading at Rs301.70, down by Rs1.25 or 0.41% from its previous closing of Rs302.95 on the BSE. During the quarter, Gross margins at 68.2% grew by 120 bps. Advertisement spends at 17% of sales increased by 110 bps due to investments in new launches. EBIDTA at Rs264cr posted flat growth with margins at 32.5%.

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

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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