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| CapitalStars Investment Adviser |
Market Live: Nifty likely to open flat-to-higher.
The Nifty50 is expected to open flat-to-higher on Friday following positive trend seen in other Asian markets, but fresh concerns about Sino-US trade ties are likely to limit gains in the region. Weighing on risk appetite was a report from Bloomberg that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies, said a Reuters report. On Wall Street, the S&P 500 registered its largest one-day percentage gain in about two months on Thursday, with the Dow and the Nasdaq also climbed more than 1 percent, added the report. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.09 percent gain or 10 points. Nifty futures were trading around 11,081-level on the Singaporean Exchange.
Global Market
Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.74% while the Hang Seng is down 0.40%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.91% while U.S.'s S&P 500 is up 1.88% and Mexico's IPC is up 0.02%.
European Markets: European markets closed sharply higher today with shares in France leading the region. The CAC 40 is up 2.31% while Germany's DAX is up 1.68% and London's FTSE 100 is up 1.21%.
Major Headlines of the day:
Rupee stands at 70.55 per dollar.
Britannia Industries Q1FY20E Result Expectation Company is expected to report 10.5% yoy growth in revenue led by 6.5% yoy volume growth; commentary on new launches to look for.
Stellar debut: Affle (India) lists at 25% premium The stock opened at Rs926, around 25% higher against the issue price on the National Stock Exchange (NSE) and touched a high and a low of Rs958.7 and Rs750 respectively.
India's domestic air passenger traffic rose 7.9% yoy in June 2019: IATA All regions recorded an increase in growth, led by airlines in Africa with capacity increasing 3.4% and load factor increasing by 1.6% to 83.8% in June 2019.
Aurobindo Pharma posts 39.5% rise in cons. net profit at Rs635.8cr Revenue from operations rose 28.1% yoy to Rs5,444.6cr during the quarter under review from Rs4,250cr in the corresponding quarter of the previous year.
Earnings Reaction To Watch
BHEL
BPCL
BRITANNIA
CADILAHC
GAIL
HINDALCO
MRF
NATCO PHARMA
NCC
OIL INDIA
PC JEWELLER
SHREE CEMENTS
SOBHA
SPICEJET
SUNTV
Trend in FII flows:- The FIIs were Net Value of Rs -437.39 segment while the DIIs were Net Value of 291.29 the provisional figures.
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