Nifty likely to open flat, Asia opens lower; SBI, IOC, Cipla in focus


Indian Indices:
                          
                   The The Nifty50 is expected to open flat-to-negative on Tuesday following muted trend seen in other Asian markets. The index closed 79 points lower at 10,516 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Stock Exchange. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Exchange.

rupee, pound to rupee, euro to rupee, dollar rupee exchange rate, Pound Sterling Indian Rupee,
Capitalstars Research pvt. ltd.


Global Market:

Asian markets- The Nikkei 225 Index is presently unchanged. The stock markets in Hong Kong and Shanghai are closed at this time.

US Markets: The Dow Jones Industrial Average rose 298.2 points, or 1.21 percent, to 25,013.29, the S&P 500 gained 20.04 points, or 0.74 percent, to 2,733.01, and the Nasdaq Composite added 39.70 points, or 0.54 percent, to 7,394.04

European markets- European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 1.03% and the CAC 40 rose 0.41%. The DAX lost 0.28%.


Major Headlines of the day:

DHFL to raise up to Rs 12K cr; NCD issue opens tomorrow

Just Dial Q4: Net profit was up 53% at Rs 39 crore and revenue was 10.3% at Rs 200.5 crore

Astrazeneca Pharma Q4: Net profit was at Rs 3.2 crore against loss of Rs 9.6 crore

Mahanagar Gas Q4: Net Profit rose 5% at Rs 105 crore and revenue was 11.7% at Rs 587 crore

DLF Q4: Net profit was up 70.5% at Rs 243.3 crore and Revenue was down 38% at Rs 1,377.7 crore

Motilal Oswal Q4: Net Profit rose 64% at Rs 147.6 crore and Revenue was up 42.8% at Rs 752.1 crore

Globus Spirits Q4: Net profit was down at Rs 1.4 crore and Revenue was at Rs 424.1 crore


Trend in FII flows:-  The FIIs were Net Value of Rs  -496.03 in the cash segment MONDAY while the DIIs were Net Value of Rs 1190.56 as per the provisional figures.


TODAY ON EARNING FRONT:-   BOSCH, L&T TECHNOLOGIES, DR REDDYS LAB, SYMPHONY, BATA INDIA, BATA FORGE, CIPLA, DHANUKA AGRITEC, VIP INDUSTRIES, SONATA, HPCL, SBI, KOICL, IOC, ALL CARGO.


Securities in Ban For Trade Date 22-MAY-2018 :-

1. Balrampur Chini,
2. DHFL,
3. Jet Airways,
4. Just Dial,
5. PC Jeweller,
6. Reliance Communications, and
7. Wockhardt

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