Sensex likely to be in 40,000-42,000 range by next Independence Day 2019

Capitalstars financial research pvt. ltd.

Indian Indices:  
                                          Indian markets climbed to fresh record highs in July and momentum continued in the month of August as well, but for those who missed the rally there is good news and Sensex is on track to hit levels closer to 42,000 in the next 12 months.

The S&P BSE Sensex has already rallied a little over 11 percent so far in the year 2018 to touch levels closer to 38,000 but the rally may not be over yet and if the momentum sustains a break above 40,000 is possible by next Independence Day in 2019, a poll showed.

We spoke to 12 analysts, fund managers, and money managers over the weekend to access the momentum. Almost 67 percent of the poll respondents feel that the S&P BSE Sensex is likely to hover in a range of 40,000-42,000 in the next 12 months.

Global Market:

Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.60% while the Hang Seng is down 1.78%. The Shanghai Composite is not trading.

US Markets: Dow drops about 200 points as financial crisis in Turkey spooks global markets.

European markets: European markets finished broadly lower on Friday with shares in Germany leading the region. The DAX is down 1.99% while France's CAC 40 is off 1.59% and London's FTSE 100 is lower by 0.97%.

Major Headlines of the day:

Results today :- ABC India,Amara Raja Batt,Ambika Cotton,Arihant Capital,Bajaj Steel,Balkrishna Ind,Blue Coast,Capital Trust,Coal India,Crest Ventures,DCM Shriram Ind,Gujarat Apollo,IFGL Refractory,India Cements,IOC,Kirloskar Ind,Loyal Textiles,NBCC (India),Vadilal Ind,Vadilal Enter.

Trend in FII flows:-  The FIIs were Net Value of Rs -510.66 cash segment while the DIIs were Net Value of  457.83 per the provisional figures.

Securities in Ban For Trade Date 13-AUGUST-2018

1.Adanipower
2.Adanient
3.PNB
4.Jetairways

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