Indian Indices:
Indian shares are likely to witness a flat to positive in opening deals as the global markets trade sligthly higher with SGX Nifty trading 9 points higher @9705Indian equities are likely to open flat on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets.
Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,684.50, down by 11.50 points or 0.12 per cent, at 10:52 AM Singapore time, also signaled a negative opening for local bourses. RBI Governor Urjit Patel kept repo rate unchanged at 6.25 per cent but cut statutory liquidity ratio by 50 basis points to 20 per cent, which propelled Nifty Bank to a record high.
The 30-share barometer SENSEX closed at 31271.28, up by 80.72 points or by 0.26 per cent, and the NSE Nifty ended at 9663.9, up by 26.75 points or by 0.28 per cent. The Indian equities ended higher with modest gain as investor cheered Reserve Bank policy decision to keep repo rate unchanged at 6.25 per cent, as was widely expected, tracking firm cues from Asian peers
Global Market:
Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month.
The European Central Bank is likely to keep the money taps fully open at its meeting on Thursday as inflation remains below its target despite stronger economic growth in the euro zone.
In the overnight trade, Wall Street ended higher helped by gain in bank and technology stocks ahead of testimony from the former FBI chief James Comey.
Major Headlines of the day:
• Idea AGM on June 30 to decide MD Kapania's pay, raising Rs 10,000 crore.
• GDF to sell entire 10% stake in Petronet LNG for up to $512 million.
• Dr Reddy's slips to 4th spot in sales revenue as Lupin, Aurobindo race past.
• Apollo Hospitals aims at better occupancy to boost growth, as Q4 net dips.
Trend in FII flows: The FIIs were net buyers of Rs 73.79 the cash segment on Wednesday while the DIIs were net sellers of Rs 166.22 as per the provisional figures.
Securities in Ban For Trade Date 08-JUN-2017:
1.DLF
2.GMRINFRA
3.IBREALEST
4.INFIBEAM
5.JPASSOCIAT
6.RCOM
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