Indian Indices:
Equity benchmarks opened the week moderately higher on Monday as the Nifty is inching towards 9150 level, backed by HDFC Bank, Reliance Industries and L&T. BSE Sensex opened higher by 42 points at 29407, while the Nifty50 opened higher by 16 points at the 9135 mark.There are 827 advances, 857 declines and 80 unchanged stocks on NSE reflecting missed sentiments floating in the market.
The 30-share BSE Sensex was up 48.41 points at 29,413.71 and the 50-share NSE Nifty gained 18.25 points at 9,137.65. About 872 shares advanced against 283 declining shares on the BSE.
Nifty50 has support placed in the region of 9,060-9,070, and if it moves below this support zone, the next support level to watch out for is 9,000.
On the higher side, immediate resistance is around the level of 9,165 and the next resistance is around 9,220.
Global Market:
The Wall Street ended lower on Friday, but closed off the lows of the day after President Donald Trump told the Associated Press he would be releasing a ‘massive tax cut’ package in the coming week. The Dow Jones Industrial Average closed down 31 points at 20,548. The S&P 500 index finished with loss of 7 points at 2,349. The Nasdaq Composite Index ended 6 points lower at 5,911.
Asian markets are trading in the green in early trade on Monday. Japan’s Nikkei 225 has surged 254 points and Hong Kong’s Hang Seng has advanced 66 points. China’s Shanghai Composite, bucking the trend, has plunged 54 points.
The euro vaulted to five-month peaks in choppy Asian trading on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades.
Major Headlines of the day:
• US accuses TCS, Infosys of violating H-1B visa norms.
• Tata Motors top-level reshuffle in final lap, eyes 5-level reporting structure.
• Vodafone to sell 9% additional stake to Aditya Birla Group after merger.
Trend in FII flows: The FIIs were net buyers of Rs -978.34 the cash segment on Friday while the DIIs were net sellers of Rs 1132.39 as per the provisional figures.
UPCOMING RESULTS: ULTRATECH, JSWHOLDING, INDIANBANK, PERSISTENT, RELIANCE, RALLIES, IBULHSGFIN, HEXAWARE, MAHINDRA LIFE
Securities in Ban For Trade Date 24-APR-2017:
1.BHARATFIN
2.DLF
3.INFIBEAM
4.IRB
5.JINDALSTEL
6.JISLJALEQS
7.JPASSOCIAT
8.JSWENERGY
9.ORIENTBANK
10.RCOM
11.RELCAPITAL
12.TV18BRDCST
13.UJJIVAN
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