Indian Indices:
Bears in attacking mode; SGX Nifty down 32 pts @9975 Indian shares are likely to witness a bearish opening on Wednesday morning as the global markets look unsupportive with SGX Nifty trading 32 points lower @9975. Benchmark indices are likely to open on a negative note following weakness in global markets after a flare-up in geopolitical tensions following North Korea’s nuclear tests.
Markets ended in negative territory in Tuesday’s trading session. Nifty ended at 9,978 level, down by 78 points while Sensex closed at 32,014 level, down by 259 points. On the futures front, Nifty futures of August series ended at a premium of 26 points. It had closed at a premium of 34 points in the previous trading session. The futures contracts of September and October series closed at a premium of 57 and 86 points respectively.
On the options front, maximum open interest addition was seen at the strike level of 10,100 for call options while on the put side, the same strike price witnessed the maximum drop of open interest positions. There was strong short built up a position at Nifty call options while short covering was seen in put options at strike prices of 10,100 followed by 10,000 and 9900.
Global Market:
Asian shares and US stock futures slipped while US Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang's warning that it is 'carefully examining' plans for a missile strike on the US Pacific territory of Guam.
Just hours after US President Donald Trump told North Korea that any threat to the United States would be met with 'fire and fury,' a spokesman for the Korean People's Army said in a statement carried by the North's state-run KCNA news agency that it was considering a strike aimed at US military bases on Guam. U.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers.
Walt Disney Co will stop providing new movies to Netflix Inc starting in 2019 and launch its own streaming service as the world's biggest entertainment company tries to capture digital viewers who are dumping traditional television.
Major Headlines of the day:
• Tata Chemicals Q1 net down 53% to Rs 298 cr due to Haldia unit shutdown.
• SMAAASH Entertainment expands national footprint; acquires bluO from PVR.
• JSPL Q1 loss narrows to Rs 420 cr on back of 20% rise in revenue.
• Muthoot Finance Q1 net up 30% to Rs 351 cr, loan assets grow 8%
Trend in FII flows: The FIIs were net buyers of Rs -1539.82 the cash segment on Tuesday while the DIIs were net sellers of Rs 798.55 as per the provisional figures.
Upcoming Result : AJANTAPHARMA,AUROPHARMA,EICHRMOT,ENGINERSIN,INDOCO,MGL,MAXFINANCE,NALCO,TUBEINVESTMENT,TATAMOTOR.
Securities in Ban For Trade Date 09-AUG-2017:
1.HDIL
2.IBREALEST
3.INDIACEM
4.JINDALSTEL
5.JPASSOCIAT
6.JSWENERGY
7.KSCL
8.WOCKPHARMA
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