Indian Indices:
Indian shares are likely to witness a positive start on Tuesday morning as the global markets look supportive with SGX Nifty trading 30 points higher @9803.Indian equities are likely to start week on positive note on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets.
The Asian stocks were trading mixed after Wall Street ended higher in overnight trade, helped by gains in gains in technology stocks which compensated losses in consumer staples and healthcare.
Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,801.00, up by 28 points or 0.29 per cent, at 10:54 AM Singapore time, also signaled a positive opening for local bourses. The finance ministry has asked capital market regulator Sebi to investigate technical glitch at the National Stock Exchange (NSE), the country’s biggest stock exchange, which stopped trading for three hours on Monday in the cash and derivatives segments.
On the sectoral front, sugar stocks will see some movement after government hiked import duty on sugar prices.Investors will also keep an eye on progress of monsoon and beginning of the June quarter corporate earnings today with private sector lender IndusInd Bank set to release its first quarter earnings..
The 30-share barometer SENSEX closed at 31715.64, up by 355.01 points or by 1.13 per cent, and the NSE Nifty ended at 9771.05, up by 105.25 points or by 1.09 percent.
Global Market:
U.S. stocks were mixed after the close on Monday, as gains in the Technology, Basic Materials and Oil & Gas sectors led shares higher while losses in the Telecoms, Healthcare and Financials sectors led shares lower.
The foreign and domestic investors widened bet on Indian equities amid optimism over June quarter corporate earnings and good monsoon rainfall.
Index heavyweight, TCS rose 4.6 per cent ahead of June quarter financial earnings on July 13.
On the sectoral front, all the indices ended in positive terrain, barring FMCG, while Teck and IT index emerged as top gainers, rising as much as 2.95 per cent and 2.92 per cent respectively.
Major Headlines of the day:
• Grasim Industries divests stake in its Bhiwani Textiles to Donear Group.
• Dr Reddy's, Lupin, others mull expanding Africa operations.
• Biocon to address French regulator concerns in a quarter: Mazumdar Shaw.
• SBI Savings Account: Pay more for ATM withdrawal, cheque books, Buddy app.
Trend in FII flows: The FIIs were net buyers of Rs 102.27 the cash segment on Monday while the DIIs were net sellers of Rs 894.57 as per the provisional figures.
Upcoming Result : INDUSIND BANK, SOUTHIND BANK, AMTEK AUTO, CCL PRODUCT, MONNETISPAT.
Securities in Ban For Trade Date 11-JUl-2017:
1.HDIL
2.IBREALEST
3.JPASSOCIAT
4.JSWENERGY
5.UJJIVAN
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