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Monday 15 July 2019

CAPITALSTARS MORNING MAIL UPDATE : NIFTY LIKELY TO OPEN FLAT : 16 JULY 2019




Market Live: Nifty likely to open flat.

The Nifty50 is expected to open flat-to-lower on Tuesday following muted trend seen in other Asian markets as analyst community awaits U.S. retail sales data and more corporate earnings to gauge the health of the world biggest economy. On Monday, US markets closed flat after oscillating between positive and negative territory throughout the session after Citigroup Inc. kicked off the earnings season with a mixed quarterly report, said a Reuters report. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 7.5 points or 0.06 percent. Nifty futures were trading around 11,539-level on the Singaporean Exchange. The S&P BSE Sensex rose 160 points to 38,896 while the Nifty50 closed 35 points higher at 11,588 on Monday.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.13% while the Hang Seng is down 0.06%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.98% and the S&P 500 rose 0.02%. The Bovespa lost 0.10%.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.52% while London's FTSE 100 is up 0.34% and France's CAC 40 is up 0.10%.

Major Headlines of the day:
Rupee stands at 68.56 per dollar.
Ashok Leyland Pantnagar plant to be closed due to weak demand The company's plant situated at Pantnagar will remain closed from July 16, 2019 to July 24,2019 (both days inclusive), owing to weak demand and outlook for the industry.
DHFL clarifies that it is working with creditors for resolution without haircut DHFL urged that the entire statement be read in entirety so that the news is factual and not sensationalized.
Aditya Birla Fashion buys 51% stake in Finesse International The company said acquisition will be through a combination of primary equity infusion and secondary share purchase by way of signing of Share Subscription and Purchase Agreement and Shareholders' Agreement with Finesse and its shareholders.

Earnings Reaction To Watch
DCB BANK
FEDERAL BANK
HDFC AMC
MCX INDIA

Trend in FII flows:- The FIIs were Net Value of Rs -216.44 segment while the DIIs were Net Value of 591.72 the provisional figures.

Securities in Ban For Trade Date 16-JULY-2019
DHFL
RELCAPITAL
IDBI
RELINFRA

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