Indian Indices:
Indian markets are likely to open marginally higher amid positive cues from Asian peers. SGX Nifty is trading 13.50 points higher.
The fourth quarter earnings from India Inc. along with the Reserve Bank of India’s (RBI’s) policy stance on rates will decide the trend for the market in this week.
The Nifty ended steady on Friday as investors booked profits, but posted its third consecutive monthly gain as well as the best quarter in almost three years.
Global Market:
Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth.
European markets closed mixed Friday as investors digested the new EU guidelines to a potential Brexit deal and reacted to a cabinet reshuffle in South Africa.
Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market's lofty valuations.
Major Headlines of the day:
• Infosys promoters, board disagree over COO Pravin Rao’s pay.
• Reliance Jio signs up 72 million paying customers under its Prime plan.
• BSE to charge for each equity trade from Monday
Trend in FII flows: The FIIs were net buyers of Rs -295.92 the cash segment on Monday while the DIIs were net sellers of Rs 1499.41 as per the provisional figures.
Securities in Ban For Trade Date 03-APR-2017:
1.INFIBEAM
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