Indian Indices:
Indian equity markets are poised to open flat with a negative bias on Thursday, tracking mixed cues prevailing in the Asian markets. The SGX Nifty, which was trading at 9,898 with minor loss of 10 points, is indicating muted start for the day.
Nifty50 index has resistance placed in the region of 9,925-9,930, and if it holds above this resistance zone, the next resistance is placed in the region of 9,960-9,970. On the downside, support is seen at the level of 9,850 and the next support is placed around the level of 9,830.
Back home, Indian markets ended higher for the second day in a row on Wednesday, led by gains in Tata Motors, Cipla, Sun Pharma and ITC. The Sensex and the Nifty hit one-week closing high. BSE Sensex rose 322 points to settle at 31,770, while Nifty 50 scaled 103 points to close at 9,897.
Global Market:
Asian markets trade higher. Stocks in Asia traded higher after a rally in the dollar was halted on geopolitical tensions while investors digested the Wednesday’s release of the Federal Reserve’s minutes.
US markets end higher. The S&P 500 gained just 0.1% to close at 2,468.11, with materials outperforming. The index rose as much as 0.4%. The Dow Jones industrial average closed 25.88 points higher at 22,024.87. The Nasdaq composite advanced 0.2% to 6,345.11 as shares of Apple hit a record high.
Miners and oil stocks helped Europe's major share index make robust gains on Wednesday as higher metals prices lent a hand and improved euro zone GDP figures underpinned investor optimism over the region's equities.
Major Headlines of the day:
• Larsen and Toubro has entered into definitive agreement for the divestment of its entire stake in L&T Cutting Tools, a wholly–owned subsidiary, with IMC International Metalworking Companies B.V, a company owned by Berkshire Hathaway Inc
• United Bank of India, Deposit rate upto Rs 1 cr revised to 6.10 percent from 6.25 percent, Deposit rate more than Rs 1 cr revised to 4.35 percent from 4.5 percent
• Piramal Enterprises, Decision Resources inc a subsidairy of the co. acquired 100 percent in Context Matters, Context Matters is a health economics data and technology company delivering global market access insights into life sciences industry.
Trend in FII flows: The FIIs were net buyers of Rs -1090.10 the cash segment on Wednesday while the DIIs were net sellers of Rs 1336.91 as per the provisional figures.
Securities in Ban For Trade Date 17-AUG-2017:
1.FORTIS
2.HDIL
3.IBREALEST
4.JPASSOCIAT
5.JSWENERGY
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