Market Outlook for the coming week 24 JULY 2017

Market Outlook for the coming week!

In the coming week, June 2017 quarterly results, F&O expiry, progress of monsoon rains, global macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses.

The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month July 2017 series to August 2017 series. The near month July 2017 derivatives contract expire on Thursday, 27 July 2017.

The progress of monsoon rains will be closely watched. The IMD said that for the country as a whole, cumulative rainfall during this year's monsoon upto 20 July has been 1% above the Long Period Average (LPA).

On the global front, Japan Manufacturing PMI data for July 2017 will be unveiled on Monday, 24 July 2017. US Manufacturing PMI data for July 2017 will also be unveiled on Monday, 24 July 2017.

The US Federal Reserve will announce its interest rate decision on Wednesday, 26 July 2017. The Federal Reserve had raised the target range for its federal funds rate by 25 basis points to 1% to 1.25% during its June 2017 meeting.

On Thursday, 27 July 2017 the first reading or the advance measure of economic growth in the June quarter will be issued in the US.

Get real time advice for  Intraday Trading Tips , Intraday Market Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips  , Equity Tips  and all Maket Updates From Capitalstars .

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 21 JULY 2017

CS NIFTY FUTURES (JULY) OVERVIEW

TREND BULLISH

RES2: 9975

RES 1:9945

SUP1:9865

SUP2:9825

CS BANK NIFTY FUTURES (JULY) OVERVIEW

TREND BULLISH

RES 2: 24375

RES 1:24295

SUP1: 24175

SUP2: 24075

Get real time advice for  Intraday Trading Tips , Intraday Market Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips  , Equity Tips  and all Maket Updates From Capitalstars .

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 18 JULY 2017

CS NIFTY FUTURES (JULY) OVERVIEW

TREND BEARISH

RES2: 9975

RES 1:9945

SUP1:9905

SUP2:9875

CS BANK NIFTY FUTURES (JULY) OVERVIEW

TREND BEARISH

RES 2: 24175

RES 1:24055

SUP1: 23875

SUP2: 23825

Get real time advice for  Intraday Trading Tips , Intraday Market Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips  , Equity Tips  and all Maket Updates From Capitalstars .

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

ICICI Lombard files for first IPO by non-life insurer, to dilute 19% equity

ICICI Lombard General Insurance on Friday said it would offer about 19 per cent of its shares in an initial public offer (IPO), in which parent ICICI Bank and a unit of Fairfax Financial Holdings will offload their shares.

This is the first time that a non-life insurance company has filed a draft red herring prospectus — a document submitted by a company (issuer) as part of a public offering of securities — for an IPO. In the prospectus, the insurer said it would offer 86,247,187 equity shares, at the face value of Rs 10 per share, representing about 19 per cent of its equity share capital.

ICICI Bank, the majority shareholder of ICICI Lombard general insurance, will dilute 31,761, 478 of its equity share, while FAL Corp, a unit of Fairfax Financial Holdings, will dilute up to 54,485,709 equity shares.

Around 5 per cent of the total shares offered for dilution, that is 4,312,359 equity shares, will be reserved for individual and Hindu Undivided Family (HUF) shareholders of ICICI Bank, the bank said in a statement to exchanges.

This is the second insurance company of ICICI group to go public. ICICI Prudential Life insurance, a subsidiary company of ICICI bank, got listed last year. It sold 12.63 per cent stake via an IPO and was valued at Rs 48,000 crore. The market cap of ICICI Prudential Life Insurance stands at Rs 69,531 crore after Friday's market close.

Earlier, Fairfax Financial Holdings had sold 12.18 per cent in ICICI Lombard to private equity firms Warburg Pincus (nine per cent), Clermont Group (1.59 per cent) and IIFL Special Opportunities Fund (1.59 per cent). After the sale, the share ownership in ICICI Lombard of ICICI Bank and Fairfax will be approximately 63 per cent and 22 per cent, respectively.

Get real time advice for  Intraday Trading Tips , Intraday Market Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips  , Equity Tips  and all Maket Updates From Capitalstars .

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647