Indian Indices:
Indian markets are likely to open flat to lower on Tuesday, tracking mixed cues from fellow Asian peers. SGX Nifty down 6.50 points @ 9160.
Equity benchmarks extended losses for third consecutive session on Monday, with the Nifty closing below 9150 level amid sluggish trade. Investors remained cautious amid rising geopolitical tensions, weak bank credit growth and muted start to March quarter earnings season by Infosys. All eyes are on TCS numbers due later today.
Global Market:
Asian stocks pulled back in early trade on Tuesday, while the dollar bounced back from a five-month low after the US Treasury Secretary's comments supported a stronger currency, although escalating tensions over North Korea capped gains.
US stocks bounced back on Monday after the S&P 500 closed the previous session at a two month low, in a broad rally led by recently beaten-down bank and technology shares
Key Data to watch in US today : US Housing Starts & Industrial production.
Major Headlines of the day:
• L&T bags Rs 2227 cr contracts in water & effluent treatment segment.
• Muthoot Capital board meets for results, bonus.
• HPCL approves resumption of Rajasthan Refinery Project.
Trend in FII flows: The FIIs were net buyers of Rs -250.54 the cash segment on Monday while the DIIs were net sellers of Rs -52.38 as per the provisional figures.
Securities in Ban For Trade Date 18-APR-2017:
1.BHARATFIN
2.IBREALEST
3.INFIBEAM
4.JINDALSTEL
5.JSWENERGY
6.UJJIVAN
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