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www.angelbroking.com
Market Outlook
January 16, 2020
www.angelbroking.com
Market Cues
Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks climbed to new record intraday highs in morning trading on
Wednesday but gave back some ground over the course of the session. The major
averages pulled back well off their best levels, although the Dow and the S&P 500
still ended the session at new record closing highs. The Dow climbed percent to
29,030 while the Nasdaq remained flat at 9,251.
UK stocks edged up slightly on Wednesday even as trade optimism appears to be
waning after a top U.S. official said tariffs on China would stay until a Phase 2 deal
is completed.The benchmark FTSE 100 was up by 0.2 percent to 7,629.
On domestic front, Indian markets ended lower on Wednesday after hitting record
highs in the previous two sessions. The benchmark, BSE Sensex was down by 0.2
percent to 41,872.
News Analysis
Wholesale inflation rises to 7-month high of 2.59% on costlier vegetables
Detailed analysis on Pg2
Investor’s Ready Reckoner
Key Domestic & Global Indicators
Stock Watch: Latest investment recommendations on 150+ stocks
Refer Pg5 onwards
Top Picks
Company
Rating
CMP
(`)
Target
(`)
Upside
(%)
ICICI Bank
Accumulate
535
590
10.2
Hawkins Cooker
Buy
3,783
4353
15.1
Larsen & Toubro
Buy
1,324
1,850
39.8
HDFC Bank
Accumulate
1,284
1,390
8.3
Ultratech Cement
Buy
4,510
4,982
10.5
More Top Picks on Pg4
Domestic Indices
Chg (%)
(Pts)
(Close)
BSE Sensex
(0.2)
(80)
41,872
Nifty
(0.1)
(19)
12,343
Mid Cap
0.7
101
15,506
Small Cap
1.1
150
14,533
Bankex
(0.7)
(256)
36,283
Global Indices
Chg (%)
(Pts)
(Close)
Dow Jones
0.3
91
29,030
Nasdaq
0.0
0
9,251
FTSE
0.2
9
7,629
Nikkei
(0.5)
(109)
23,916
Hang Seng
(0.4)
(111)
28,773
Shanghai Com
(0.5)
(17)
3,090
Advances / Declines
BSE
NSE
Advances
1,463
1,095
Declines
1,070
684
Unchanged
179
355
Volumes (` Cr)
BSE
3,741
NSE
36,093
Net Inflows (` Cr)
Net
Mtd
Ytd
FII
1,302
2,749
2,749
*MFs
256
256
256
Top Gainers
Price (₹)
Chg (%)
INOXWIND
44
18.8
CHAMBLFERT
173
9.3
MGL
1,100
8.6
HATHWAY
22
8.4
TIMETECHNO
61
7.5
Top Losers
Price (
`
)
Chg (%)
INDUSINDBK
1,400
-5.4
TV18BRDCST
27
-5.3
CENTRUM
24
-5.2
BANDHANBNK
492
-5.1
SREINFRA
9
-4.9
As on Jan 15, 2019