CapitalStars Financial Research Pvt Ltd

CapitalStars

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

Friday, 21 October 2016

Markets may trade lower; Wipro Q2 in focus:21-Oct-2016



Indian Indices:

Indian equity benchmarks are likely to witness a negative opening on Friday amid flattish trade in most markets across Asia and a bearish finish at Wall Street overnight. SGX Nifty is trading 9.50 points lower.

Meanwhile, shares of RIL may witness some upward movement after the company in after-market hours on Thursday 

Indian shares ended higher on Thursday, tracking Asian peers, with financial stocks such as ICICI Bank Ltd contributing most to the gains on the indexes.s. The S&P BSE Sensex and CNX Nifty dipped 0.52%-0.47% each

On Thursday (October 20, 2016), S&P Sensex closed at 28129.84 levels, gained 145.47 points or 0.52% while Nifty index rose 40.30 points, or 0.47%, to close at 8699.40 levels.

Global Market:

Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs against a basket of currencies and dragged down crude oil prices, cooling investor risk appetite.

U.S. stocks closed lower Thursday, but off session lows, as a sharp drop in oil and telecommunications shares weighed on investors’ sentiment.

European shares rose on Thursday to their highest level in two weeks, helped by weakness in the euro and further boosted by a rally in bank sector stocks.

Major Headlines of the day:

• RIL surprises with Rs 7,704-cr net profit
• Ashok Leyland bags Rs 1,140-cr worth order from Tanzania
• HCL Tech Q2 net beats estimates, dollar revenue at USD 1722 mn

Trend in FII flows: The FIIs were net buyers of Rs 7.3 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs 583.22 Cr, as per the provisional figures.

UPCOMING RESULTS: CAIRN, HCLTECH, UNICHEMFEB, BHAGERIA, MINDTREE, WIPRO, IBULHSGFIN, ACC, VGUARD, EQUITAS, TATASPONGE.


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