Indian Indices:
Indian shares are likely to witness a slightly positive opening on Tuesday morning as the global markets look supportive with SGX Nifty trading 11 points higher @10100Markets slipped on Monday, dragged down by IT stocks, while the decline was capped by gains in Tata Steel on expectations of strong quarterly results. The S&P BSE Sensex and the CNX Nifty declined by 0.16% and 0.09%, respect.
Key Indices began the week on a sluggish note, but the Nifty managed to hold above 10,050-mark. Indian stocks fell after posting five straight weekly advances as a decline in software exporters countered a rally in metals companies.
Tata Steel contributed most to the gains in Sensex and Nifty as it hit its 52-week high on expectations of strong quarterly results.
Global Market:
Asian shares neared decade peaks on Tuesday thanks to optimism on the global economy and a rash of records on Wall Street, while major currencies were becalmed ahead of Chinese trade data. China's July exports rose 7.2 percent from a year earlier, while imports grew 11.0 percent, both well below analysts' forecasts, official data showed on Tuesday.
Pershing Square Capital Management LP proposed three nominees on Monday, including its Chief Executive Officer William Ackman, to serve on the board of Automatic Data Processing Inc, setting the stage for a proxy contest with the human resources outsourcing company.
Oil prices slipped further in Asian trading on Tuesday following a recovery in output at Libya's largest oil field and as doubts about OPEC-led production cuts continue to weigh on the market.
Major Headlines of the day:
• 25% GST on large cars, SUVs: Auto cos say Make in India plans to take a hit.
• I-T returns filing up 25% post demonetization.
• July sovereign gold bonds to start trading from today.
Trend in FII flows: The FIIs were net buyers of Rs -199.21 the cash segment on Monday while the DIIs were net sellers of Rs 308.15 as per the provisional figures.
Upcoming Result : ASHIANA HOUSING,BALLARPUR IND,BANK OF INDIA,CENTURY,DHAMPUR SUGAR,JINDAL STEEL,MUTOOT FINANCE,TATA CHEMICAL,THERMAX,
Securities in Ban For Trade Date 08-AUG-2017:
1.HDIL
2.IBREALEST
3.INDIACEM
4.JPASSOCIAT
5.JSWENERGY
6.KSCL
7.WOCKPHARMA
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