The equity benchmark indices are likely to witness a flat to positive opening
Indian Indices:
SGX
Nifty is indicating a marginally positive opening for the Indian markets.
Indian sdmarkets are expected to trade range bound with a positive bias in
today’s session. In stock specific news, Vedanta plans to raise Rs4,500cr via
NCDs. According to media reports, Larsen & Toubro is set to win EPC for a
new dry dock in Kochi.
Tracking modest gains in Nifty futures on the Singapore Stock Exchange and positive trend across Asian peers. modest gains in SGX Nifty Index Futures for March delivery, which was trading at 10,177.50, up by 19.50 points or 0.19, at 11:30 AM Singapore time, also signaled a flat to positive opening for the domestic equity bourses. Dalal Street investors will react to Goldman Sachs’ forecast for India's economy on Tuesday where it downgrades its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6% from 8% earlier in the wake of recent fraud at Punjab National Bank. It warned that this would constrain credit growth.
Global Market:
·
Major Asian markets are trading in the green at
present Nikkei is up 0.48%, Hang Seng is up 0.32%, while Shanghai Composite is
trading marginally lower, down 0.21%.
· US Stocks
witnessed a volatile trading session before ending the session marginally in
the red. The Dow edged down 0.2% to 24,682.31, the Nasdaq dipped 0.3% to
7,345.29 and the S&P 500 ended 0.2% lower at 2,711.93. The lower close on
Wall Street came after the Federal Reserve announced its widely anticipated
decision to raise interest rates by 25 basis points from 1.5% to 1.75%. Fed
reiterated its plan to raise interest rates gradually. The central bank
continues to project three rate hikes in 2018.
· European
markets ended mixed yesterday with FTSE closing 0.32% lower, CAC dipped 0.24%,
while DAX ended up 0.01 %.
Major Headlines of the day:
·
UltraTech Cement: The firm’s MD says we were not told about
potentially suspect transactions.
·
Jaiprakash Associates: The Supreme Court has asked the firm to
deposit Rs 200 crore by May 10
·
Reliance Communications: The firm has received bondholders’
approval for asset monetization plan.
·
Arvind: Adient India and the company have formed joint venture
to make automotive fabric in India.
·
NMDC - Coal handling system charged to pave way for
commissioning of coke oven battery at Nagarnar steel plant
Trend in FII flows:
The FIIs were Net Value
of Rs 98.44 the cash segment Wednesday while the DIIs were Net
Value of Rs 197.78 as per the provisional figures.
Securities in Ban For Trade Date 22-MAR-2018:
1.HDIL
2.IDBI
3.IFCI
4.JINDALSTEL
5.JPASSOCIAT
6.RCOM
7.SAIL
For more update you can contact us :
www.capitalstars.com |T:+91-9977499927
www.capitalstars.com |T:+91-9977499927
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