Indian Indices:
The BSE Sensex opened at 30,531 down by 51 points, while the Nifty50 opened down by 20 points at 9491 mark. BSE Sensex opened at 30,531 down by 51 points, while the Nifty50 opened down by 20 points at 9491 mark. Nifty50 needs to sustain above the level of 9,520 to extend its upward move toward the levels of 9,550-9,600. On the downside, immediate support stands at the level of 9,490, and if this support is breached, the next support is
placed around the level of 9,455.
There are 685 advances, 710 declines and 497 unchanged stocks on NSE reflecting some negative bias floating in the market.
The 30-share Sensex was down 46.43 points at 30536.17, while the broader index Nifty was down 20.15 points at 9492.10. The market breadth was narrow as 436 shares advanced against a decline of 357 shares, while 62 shares were unchanged.
Global Market:
Asian Markets are mostly trading in the negative terrain on Wednesday tracking mixed cues from the US market. Japan’s Nikkei 225 has fallen 77 points.
US stocks closed mixed. The Nasdaq Composite closed at a record for the second session in a row, while the Dow Jones and S&P 500 finished marginally lower.
On the global markets’ front, The S&P 500 and the Dow ended Tuesday's session flat after mixed economic data and retail earnings, while the Nasdaq had another record close with help from technology stocks.
Major Headlines of the day:
• Cox & Kings-Transfers operating lease in its Cologne City hotel.
• BHEL-Care assigns AA+ to long and short term non fund based bank facilities.
• VIP Clothing-CRISIL rating has changed from negative to rating watch with positive implication.
Trend in FII flows: The FIIs were net buyers of Rs 858.29 the cash segment on Tuesday while the DIIs were net sellers of Rs -401.89 as per the provisional figures.
UPCOMING RESULTS: ALBK, BAJFINANCE, BAJAJFINSV, EDELWEISS, JKLAXMI, JSWSTEEL, MRPL, TCI, UBL, TCI, NIITLTD.
Securities in Ban For Trade Date 17-MAY-2017:
1.CANBK
2.CEATLTD
3.HDIL
4.ICIL
5.IFCI
6.JINDALSTEL
7.JISLJALEQS
8.JSWENERGY
9.ORIENTBANK
10.SYNDIBANK
11.UJJIVAN
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