Indian Indices:
Indian markets are likely to witness a gap up opening tracking a positive trend across markets in Asia and a strong finish at Wall Street. SGX Nifty is trading 26.50 points higher.
The focus was on the final US Presidential debate currently underway with Democrat nominee Hillary Clinton going face to face with Republican candidate Donald Trump
Shares of RIL, Yes Bank and Biocon will be in focus as these companies reveal their September quarter earnings.
Indian shares ended lower on Wednesday as investors booked profits in financial stocks, which led the declines, while heavyweights such as ITC Ltd also weighed on the indexes. The S&P BSE Sensex and CNX Nifty dipped 0.24%-0.22% each
On Wednesday (October 19, 2016), S&P Sensex closed at 27984.37 levels, dipped 66.51 points or 0.24% while Nifty index dipped 18.80 points, or 0.22%, to close at 8659.10 levels.
Global Market:
Asian stocks advanced on Thursday, propelled by strong U.S. earnings and oil prices near a 15-month high, as the third and final U.S. presidential debate before the Nov. 8 election got underway.
US stocks closed higher for a second session Wednesday, boosted by a rally in the energy sector and stronger-than-expected quarterly results from Morgan Stanley. The Federal Reserve’s Beige Book, an anecdotal economic survey, also indicated that the U.S. economy continues its modest, albeit steady, expansion.
European stocks rose on Wednesday as gains in the shares of major banks and retail companies offset weaker earnings elsewhere in the market.
Major Headlines of the day:
• RBL Bank Q2 net jumps 34% on higher advances
• KPIT Tech Q2 net down at 23%
• Mahindra acquires 60% in Classic Legends]
Trend in FII flows: The FIIs were net buyers of Rs 282.77 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs 724.64 Cr, as per the provisional figures.
UPCOMING RESULTS: KAJARIA, RELIANCE, LICHSGIN, BIOCON, YESBANK, DB CORP, PRAJ INDUSTRIES, GULFOIL.
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