Indian Indices:
Indian equity markets may open flat with positive bias on Thursday, tracking subdued cues from Asian peers. The SGX Nifty, which was trading with gains of 9 points at 9,864, is hitting a flat start for the day.
Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,950. On the downside, 9,800 is a strong support area, and if this support is breached, the next support stands at 9,750 level.
Back home, Wednesday turned out to be a wonderful day for the Indian markets as markets ended higher for the second straight session, helped by a strong rally in the last hour of the trading session.
Global Market:
The US stocks ended with marginal losses on Wednesday as traders reacted to comments by President Donald Trump at a rally in Phoenix, Arizona. The Dow Jones Industrial Average fell 88 points to finish at 21,812. The tech-heavy Nasdaq Composite Index shed 19 points to close at 6,278. The S&P 500 slid 8 points to end at 2,444.
Eurozone manufacturing PMI at two-month high. The Eurozone economy maintained growth momentum during August, according to PMI survey data, with output across the currency area rising at a broadly similar pace to July.
Major Headlines of the day:
• SREI Infrastructure-Gets approval for Bharat Road Network IPO from registrar of companies,Bharat Road Network IPO from September 6-8.
• Tata Sons-Appoints Banmali Agrawala as President of infra, defence, aerospace, Banmali Agrawala will be taking up his new role w.e.f October 1, 2017.
• Alembic Pharma has sold its formulations manufacturing facility at Baddi on slump sale basis to Scott Edil Pharmacia.
• United Bank of India approves issue and allotment of Basel III compliant tier 2 bonds up to Rs 500 crore.
Trend in FII flows: The FIIs were net buyers of Rs -1157.52 the cash segment on Wednesday while the DIIs were net sellers of Rs 929.84 as per the provisional figures.
Securities in Ban For Trade Date 24-AUG-2017:
1.DLF
2.GMRINFRA
3.HDIL
4.IBREALEST
5.JPASSOCIAT
6.JSWENERGY
7.JUSTDIAL
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