Indian Indices:
Indian equities are likely to open higher on Tuesday, tracking positive cues from Nifty futures on the Singapore Stock Exchange and firm trend across global markets. Indian markets may open positive on encouraging cues from global peers.Indian equity markets are poised to open on a positive territory on Tuesday, following positive sentiments prevailing in the Asian markets. The SGX Nifty, which was trading at 9,806 with gains of 33 points, is signifying positive start for the day.
Now, going forward, Nifty50 has major support around the level of 9,685 which is the recent swing low, and if this swing low is breached, than it may head towards the levels of 9,630-9,600. On the other hand, 9,800 and 9,850 will act as stiff resistance levels.
Back home, Indian market extended their losing streak on Monday on account of weakness in global markets and sharp decline in index heavyweight Infosys, which weighed on the sentiment on the domestic bourses. Sensex dropped 266 points to close at 31,259 and Nifty tumbled 83 points to settle at 9,754.
Global Market:
The US stock market indices closed mostly higher on Monday, with the Dow Industrial Average and S&P 500 eking out slight gains. The Dow Jones Industrial Average gained 29 points to 21,704 and the S&P 500 edged up 3 points to 2,428, while the tech-laden Nasdaq Composite Index edged down 3 points to 6,213.
Majority of Asian markets were trading on positive territory at the open on Tuesday. Hong Kong's Hang Seng has risen 260 points, Japan’s Nikkei 225 has advanced 2 points, while China’s Shanghai Composite has lost 11 points.
Major Headlines of the day:
• Lupin; Receives establishment inspection report (EIR) from US FDA for Aurangabad, April 2017 inspection, US FDA inspection of Aurangabad Unit carried out in April 2017 is now closed, This closes all outstanding US FDA inspections at company's Aurangabad unit.
• Central Bank Of India: Revises savings bank deposit rate effective August 21,Savings bank deposit rate for balance upto Rs 50 lakh set at 3.5 percent, Savings bank deposit rate for balance above Rs 50 lakh set at 4 percent
• BSE Limited ;To 'compulsorily' delist 200 firms on August 23,BSE to bar promoters of the 200 firms from the markets for 10 years, Trading in these shares has remained suspended for over a decade
Trend in FII flows: The FIIs were net buyers of Rs -1983.39 the cash segment on Monday while the DIIs were net sellers of Rs 474.72 as per the provisional figures.
Securities in Ban For Trade Date 22-AUG-2017:
1.BEML
2.FORTIS
3.HDIL
4.IBREALEST
5.JPASSOCIAT
6.JSWENERGY
7.JUSTDIAL
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