Indian Indices:
Indian markets are likely to extend gaining momentum for the second session on Wednesday, tracking positive cues from Nifty futures on the Singapore Stock Exchange and firm trend across global markets
On the sectoral front, telecom stocks will remain in focus as the inter-ministerial group on the telecom sector said that they will meet again to further discuss financial stress in the industry. On the corporate front, Fortis Healthcare will remain in focus after Rekha Jhunjhunwala, wife of investor Rakesh Jhunjhunwala, acquired 0.9 per cent stake in Fortis Healthcare at Rs 134.65 per share through a bulk deal on Tuesday.
Indian shares ended with marginal gains on Tuesday, as markets remained range-bound with investors keeping to the sidelines due to a lack of triggers. The S&P BSE Sensex and the CNX Nifty rose by 0.11%.
Global Market:
Asian indexes rose on Wednesday following the rally on Wall Street overnight as risk aversion faded and the dollar found some reprieve.
US stocks ended up on Tuesday, with each of the three major indexes posting their best one-day percentage gains in over a week, as lawmakers' comments on tax reform and the debt ceiling boosted investor optimism. Key data to watch in US today is Manufacturing PMI, Services PMI, New Home Sales data & consumer confidence.
European markets closed higher on Tuesday as investors awaited the annual central banking conference in Jackson Hole later this week.
Major Headlines of the day:
• Infosys founder and ex-Chairman Narayana Murthy to hold conference call with investors.
• RBI allows up to 49% FPI investment in Eris Lifesciences from existing 24%.
• Indo Count Industries denies rejection of orders by customers.
• DLF board meet on August 25 for review the status of the proposed sale of compulsorily convertible preference shares to GIC.
Trend in FII flows: The FIIs were net buyers of Rs -828.69 the cash segment on Tuesday while the DIIs were net sellers of Rs 435.05 as per the provisional figures.
Securities in Ban For Trade Date 23-AUG-2017:
1.DLF
2.FORTIS
3.GMRINFRA
4.HDIL
5.IBREALEST
6.JPASSOCIAT
7.JSWENERGY
8.JUSTDIAL
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