Indian Indices:
Indian shares are likely to witness a bullish opening on Monday morning as the global markets look supportive with SGX Nifty trading 65 points higher @9791.Indian equities are likely to start week on a positive note, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global markets.
According to market experts, the rising geo-political tensions between North Korea and the US may prompt investors to book profit in shares that have been on the rise in recent months. Back home, bullish trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,784.00, up by 57.50 points or 0.59 per cent, at 10:51 AM Singapore time, also signaled a positive opening for local bourses.
On the economy front, the Economic Survey has indicated that there is a possible room for monetary policy easing which may boost positivity in the market. Investors will also keep an eye on earnings report of big companies such as Coal India, IDBI Bank, Grasim Industries, Bajaj Hindustan, Unitech, Future Consumer, Jain Irrigation and JK Tyre & Industries, which will announce their June quarter earnings today.
On Friday, Indian equity benchmarks settled at their five-week lows as investors continued to pare their riskier positions amid rise in geopolitical tensions between the US and North Korea.
The 30-share barometer SENSEX closed at 31213.59 down by 317.74 points or by 1.01 per cent, while the NSE Nifty ended at 9710.8 down by 109.45 points or by 1.11 per cent.
Global Market:
Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the dollar was weighed down by tensions on the Korean peninsula and weak U.S. inflation data which dampened prospects of another Federal Reserve interest rate hike later this year.
U.S. President Donald Trump's order to his top trade adviser to investigate supposedly unfair Chinese trade practices will 'poison' relations between the two countries, a Chinese state-run newspaper said on Monday.
China's factory output slowed more than expected in July while investment and retail sales also disappointed, reinforcing views that the world's second-largest economy is starting to lose some steam as lending costs rise and the property market cools.
Major Headlines of the day:
• United Breweries stopped sharing company information with Mallya since Feb.
• United Bank of India slips into red, posts Rs 211 cr Q1 loss on rising NPAs.
• Gitanjali Gems Q1 profit up 21% at Rs 69 cr on robust sales.
• Reliance Comm posts consolidated loss of Rs 1,210 cr in June quarter.
Trend in FII flows: The FIIs were net buyers of Rs -1943.86 the cash segment on Friday while the DIIs were net sellers of Rs 2016.84 as per the provisional figures.
Upcoming Result : ADANIPORT, BFUTILITIE, DLF, JKCEM, RCOM, THYROCARE,PI INDUSTRY.
Securities in Ban For Trade Date 14-AUG-2017:
1.DLF
2.FORTIS
3.IBREALEST
4.JISLJALEQS
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