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| CapitalStars Investment Adviser |
Nifty ends June series with a cut of over 1%
Indian Indices: The Nifty5o slipped below its crucial support at 10,600 but the real carnage was seen in the small and midcap space on Thursday.
The index finally closed 82 points lower at 10,589.
Global Market:
• Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.34% while the Hang Seng is up 0.98%.
The Shanghai Composite is not trading.
• US Markets: Stocks end decisively lower as major tech and internet names sell off;
indexes close at lowest level of June.
• European markets: European markets finished broadly lower today with shares in
Germany leading the region.
The DAX is down 1.39% while France's CAC 40 is off 0.97% and London's FTSE 100 is
lower by 0.08%.
• Major Headlines of the day:
• Sebi fines individual for fraud trading in BGIL Films and Technologies.
• One Year of GST: Steady state in sight after 12 months of rough and tumble as focus
shifts to compliance, easier procedures.
• HDFC Mutual Fund gets Sebi go-ahead for IPO
• The Nifty50 slipped below its crucial 50-EMA but closed above its 100-EMA placed
around 10,571.
The Nifty bounced back from its crucial support placed around 10,550.
Trend in FII flows:- The FIIs were Net Value of Rs -951.51 in the cash segment while the DIIs were Net Value of Rs 442.64 as per the provisional figures.
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