CAPITALSTARS PRESENTS EQUITY MARKET UPDATE : 30 JAN 2020

INDIAN FACE  

                      

INDIAN EQUITY BENCHMARK

The benchmark S&P BSE Sensex settled off day's low, but was still down 284.84 points, or 0.69 per cent, at 40,913.82 level. Reliance Industries was the top drag on the index, down 2.4 per cent, after global brokerage firm Macquarie downgraded the stock to 'underperform'. On the other hand, Bajaj Auto was up 1.4 per cent on the index after reporting an 8 per cent jump in net profit during Q3FY20.

GLOBAL FACE

Asian Market- Hong Kong's main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy. The Chinese yuan also tumbled below an important benchmark. China’s Coronavirus Crisis Drives Asian Markets Lower.

U.S. Market –– European stocks and US futures are also falling. The Dow (INDU), S&P 500 (SPX) and Nasdaq Composite (COMP) were all down roughly 0.6%.Dow futures drop over 200 points as coronavirus fears reboot, taking spotlight off earnings.

European markets-European markets tumbled on Thursday, weighed on by a rising coronavirus death toll and reacting to the U.S. Federal Reserve’s decision to keep interest rates on hold. European markets decline as coronavirus death toll rises.

NIFTY SPOT

MARKET TALKS

Infosys signs a multi-year, multi-million contract with ABN AMRO Bank
Infosys has signed a multi-year, multi-million contract with ABN AMRO Bank to accelerate its cloud and DevOps transformation journey. As part of this renewed contract, Infosys will enable ABN AMRO Bank to achieve its business and operational goals by aligning its IT transformation with its cloud platform strategy.

Dabur India's cons. net profit grows 8.7% yoy to Rs397cr in Q3
Dabur India Ltd. on Thursday released financial results of the company for the quarter ended December 31st, 2019. Dabur India Ltd. effectively managed the risks and mitigated the impact of macro-economic headwinds to deliver a strong performance during the quarter ended December 31, 2019. Dabur reported a 7% jump in revenue and a 10.7% yoy growth in operating margin during the third quarter of FY20.

Colgate's net profit rises 9% at Rs199.1cr in Q3FY20
Colgate-Palmolive (India) Limited reported a net profit after tax for the quarter at Rs199.1cr in Q3FY20 as against the net profit of Rs192.1cr for the same quarter of the previous year. Excluding the impact of prior-year tax reversals in the previous year, the net profit after tax has increased by 9% in the current year. The net sales of Rs1, 136cr for the quarter ended December 31, 2019, saw an increase of 4.1% over the same quarter of the previous year with volume growth at 2.3%.

RBI imposes monetary penalty on HDFC Bank
The Reserve Bank of India (RBI) on Wednesday said that it has imposed a monetary penalty of Rs1cr on HDFC Bank for non-compliance with Master Direction on Know Your Customer dated February 25, 2016 (updated as on December 08, 2016) (Direction).  The penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid direction issued by RBI.

NAME OF THE STOCK : DMART

DATE :  30/1/2020

SEGMENT : CASH

CHART TYPE : Candlestick

EXCHANGE : NSE

TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.

INVESTMENT ADVICE: CS CALL - BUY DMART IN CASH NR CMP 2050 TGT 2100 SL 2000

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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