Indian Indices:
Indian shares are likely to witness a positive opening as the global markets are supportive with SGX Nifty trading 15.50 points higher @9661.Indian equities are likely to open higher on Monday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets, supported by timely arrival of southwest monsoon rains coupled with sustained foreign institutional investors (FII) inflows.
Expectations of good monsoon rains this year and a favorable macroeconomic environment may further boost market sentiment. Bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,661.50, up by 16.00 points or 0.17 per cent, at 10:50 AM Singapore time, also signaled a positive opening for local bourses.
The market rally was also fueled by sustained buying by foreign and domestic investors amid expectations of good monsoon rains and a favorable macroeconomic environment. The Indian equities ended higher, with benchmark indices Sensex and Nifty hitting an all-time high, helped by gains in index heavyweights, such as ITC, HDFC, Adani, Wipro, Bharti Airtel, Hero MotoCorp, HDFC Bank and Cipla.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31273.29, up by 135.7 points or by 0.44 per cent, and the NSE Nifty ended at 9653.5, up by 37.4 points or by 0.39 per cent.
Global Market:
The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices
The Trump administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela's government, senior White House officials told Reuters after Goldman Sachs Group Inc came under fire for purchasing $2.8 billion of state oil company bonds at a steep discount.
European shares rose on Friday as investors maintained strong flows into the region but top regional benchmarks came off earlier highs after a disappointing U.S. jobs growth.
Major Headlines of the day:
• TCS increases local hiring in the US, applies only for a third of H-1B visas.
• NTPC installs electric vehicle charging stations in Delhi, Noida.
• KKR & Co raises $9.3 billion for third Asia fund.
Trend in FII flows: The FIIs were net buyers of Rs -59.13 the cash segment on Friday while the DIIs were net sellers of Rs 222.29 as per the provisional figures.
Securities in Ban For Trade Date 05-JUN-2017:
1.DLF
2.INFIBEAM
3.JPASSOCIAT
4.RCOM
5.RELCAPITAL
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