Indian Indices:
Indian markets are set to open lower on Monday amid muted cues from other global peers. SGX Nifty down 1.50 points @ 9154.
During the week, Tata Consultancy Services (TCS) will declare its numbers on Tuesday.
Nifty is likely to start on a muted note and may even retest its crucial support level of 9,200 on Friday, weighed down by geopolitical concerns.
SGX Nifty down 53 @ 9214.The ongoing geopolitical tension is likely to have a strong impact on global financial markets, including India.
A slew of corporate earnings, are lined up for the week ahead, which may chart market direction during the week Indian shares ended lower on Thursday, with the Sensex posting its biggest weekly loss of the year, after Infosys Ltd gave lower-than-expected annual revenue guidance and disappointed with the size of its planned share buyback.
The Sensex closed down 0.61% at 29,461.45. The index fell 0.82% for the week, Nifty ended 0.57% lower at 9,150.80, posting a 0.52 % fall, its biggest weekly percentage loss since the week ended Dec. 23
Global Market:
The US stocks fell for a second day in a row on Wednesday as lingering geopolitical concerns weighed on investor’s sentiment. The Dow Asian equities were mostly lower in Monday trade, with the dollar sinking against the yen, as investors focused on Korean Peninsula tensions and Chinese economic data due later in the morning.
Major US stock indexes fell on Thursday for a third straight day as investors weighed earnings reports from big US banks and geopolitical tensions, while the tech sector fell for a tenth consecutive session.
European markets closed lower Thursday as investors digested U.S. President Donald Trump's comments that he would prefer the Federal Reserve to keep interest rates low and suggested the dollar is too strong.
Major Headlines of the day:
• Petrol price hiked by Rs 1.39 per litre, diesel by Rs1.04 per litre.
• Govt extends import of duty-free raw sugar till June 30.
• Federal Bank plans to sell 26% stake in its nonbanking arm to raise Rs 400-500 crore
Trend in FII flows: The FIIs were net buyers of Rs -407.88 the cash segment on Thursday while the DIIs were net sellers of Rs 65.43 as per the provisional figures.
Securities in Ban For Trade Date 17-APR-2017:
1.BHARATFIN
2.IBREALEST
3.INFIBEAM
4.JINDALSTEL
5.UJJIVAN
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