Indian Indices:
Indian shares are likely to witness a cautious opening as the global markets look slightly supportive with SGX Nifty trading 4 points higher. Today we have April series expiry, so we might see some volatility throughout the day, Sgx is trading marginal up by 4 points@9350.
The Indian rupee extended gains further as it has opened at 64.05 per dollar today, higher by 7 paise over 64.12 a dollar in previous session.
Equity benchmarks opened Thursday's trade on a flat note after yesterday's record closing high and ahead of expiry of April futures & options contracts.
Mohan Shenoi of Kotak Mahindra Bank said global equity markets were continuing to rally reflecting risk-on sentiment and Asian currencies were also rallying on the back of the equity market rally.
The 30-share BSE Sensex was up 42.84 points at 30,176.19 and the 50-share NSE Nifty gained 7.60 points at 9,359.45.
Global Market:
US stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.
Asian shares ticked down from a near two-year high on Thursday after a long-awaited US tax plan failed to inspire investors, though sentiment remains supported by global growth prospects and receding worries about political risks in Europe
Major Headlines of the day:
• Petron Engineering gets order worth Rs110 Cr from Guruashish Construction.
• Tata Motors ready with BS-IV engines for entire CV range.
• Divis Vizag unit fails USFDA audit on alleged reluctance to share drug testing data.
Trend in FII flows: The FIIs were net buyers of Rs -492.52 the cash segment on Wednesday while the DIIs were net sellers of Rs 1011.38 as per the provisional figures.
UPCOMING RESULTS: MARUTI, UJJIVAN, TATAELXSI, IBREALEST, TVSMOT, MOTILAL OSWAL, KOTAK BANK, RELCAP, BIOCON, UTTAMSUGAR
Securities in Ban For Trade Date 27-APR-2017:
1.ADANIPOWER
2.BANKINDIA
3.IBREALEST
4.ICIL
5.INDIACEM
6.JINDALSTEL
7.JPASSOCIAT
8.ORIENTBANK
9.RCOM
10.TV18BRDCST
11.UJJIVAN
12.WOCKPHARMA
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