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| CapitalStars Investment Adviser |
Market Live: Nifty likely to open higher.
The Nifty50 is expected to open higher on Thursday following a mixed trend seen in other Asian markets. Overnight, US markets closed mostly higher but rising worries over a global economic downturn capped gains. The Dow Jones Industrial Average fell 22.45 points to 26,007.07, the S&P 500 gained 2.21 points to 2,883.98 and the Nasdaq Composite added 29.56 points to 7,862.83. Back home, the S&P BSE Sensex fell 286 points to 36,690 while the Nifty50 closed 92 points lower at 10,855 on Wednesday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.04 percent gain or 4 points. Nifty futures were trading around 10,869-level on the Singaporean Exchange.
Global Market:
Asian Markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.59% while the Hang Seng is up 0.37%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 1.63% while Brazil's Bovespa is up 0.61% and U.S.'s S&P 500 is up 0.08%.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.71% while France's CAC 40 is up 0.61% and London's FTSE 100 is up 0.38%.
Major Headlines of the day:
Rupee stands at 70.80 per dollar.
UltraTech Cement Q1FY20E Result Expectation Company is expected to report 18.5% yoy growth in revenue led by ~16% yoy volume growth; ramp-up of Binani Cement plans to aid the volume growth.
Srei Infrastructure reports 69% yoy fall in cons. PAT to Rs42.67cr in Q1FY20 Total consolidated income for the quarter ended June 30, 2019, was at Rs1,582.58cr as against Rs1,548.93cr recorded during the quarter ended June 30, 2018.
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
ADANI ENTERPRISE
ADANI TRANSPORT
EMAMI
GNFC
GODREJPROP
HEXAWARE
TATACHEM
THERMAX
UCO BANK
Trend in FII flows:- The FIIs were Net Value of Rs -383.66 segment while the DIIs were Net Value of 531.56 the provisional figures.
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