Indian Indices:
Indian equities markets are poised to open lower on Tuesday on the back of negative sentiments prevailing in the Asian markets and choppy session on Wall Street. The bearish trend in the SGX Nifty, which was trading down by 26 point to 9,184, also signalled a negative start. Indian shares are likely to witness a cautious opening as the global markets look unsupportive with Nifty");'> SGX Nifty trading 20 points lower.
Nifty50 is heading towards its crucial support area which is placed in the zone of 9,150-9,160; a move below these levels might open up for a correction up to the level of 9,100. On the upside, the levels of 9,200-9,230 may act as resistance. Back home, the market may see stock specific movement, with SpiceJet in focus after its Chairman and MD, Ajay Singh, settled a case regarding violation of corporate takeover rules with SEBI by paying Rs 2.02 lakh.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29575.74, down by 130.87 points or by 0.44 per cent, and the NSE Nifty ended at 9181.45, down by 16.85 points or by 0.18 per cent.
Global Market:
Asian markets are edging lower on Tuesday, following a choppy session on Wall Street overnight. Japan’s Nikkei 225 has dropped 92 points. Hong Kong’s Hang has slipped 166 points and China’s Shanghai Composite has gained 10 points in morning trade.
The US stocks closed fractionally higher on Monday, but off day’s high. The Dow Jones Industrial Average closed up 2 points at 20,658. The S&P 500 index moved up 2 points to finish at 2,357 with a 0.8% rise in the energy sector and a 0.7% gain in real estate stocks. The Nasdaq Composite gained 3 points to close at 5,881.
Wall Street ended flat with modest gain as cautioned prevailed in the market ahead of the earnings season.
Major Headlines of the day:
• Petronet LNG signs $1billion agreement with Bangladesh to setup LNG terminal.
• Tata Motors global wholesale sales rise 9% in March 2017.
• Cadila Health gets USFDA nod for Duloxetine Hydrochloride.
• Be prepared! Petrol, diesel pumps may remain closed on Sundays from May.
Trend in FII flows: The FIIs were net buyers of Rs -716.19 the cash segment on Monday while the DIIs were net sellers of Rs 201.69 as per the provisional figures.
Securities in Ban For Trade Date 11-APR-2017:
1.BHARATFIN
2.IBREALEST
3.INFIBEAM
4.JINDALSTEL
5.UJJIVAN
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