Indian Indices:
Indian benchmark indices are likely to open lower on Friday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and tepid cues from global peers. SGX Nifty is trading @ 10090, -50 points. Indian indices ended lower for a third straight session yesterday, weighed down by banks, a day after the U.S. Federal Reserve signaled one more rate hike later in the year.
Nifty opened at 10,094 level, down by 27 points while Sensex opened at 32,339 level, down by points. There are 402 advances, 1047 declines and 469 unchanged stocks on NSE reflecting strong negative sentiments floating in the market. Bharti Infratel is top Nifty gainer, trading at Rs 391.8 per share, up by 1.07% whereas Hindalco is top Nifty loser, trading at Rs 238.7 per share, down by 2.39%.Nifty50 index has support placed in the region of 10,080 and 10,040. On the other hand, further upside is expected once the Nifty index sustains above the levels of 10,175-10,180. The rupee opened at 64.80 per USD. It has been hovering at its lowest level against the US Dollar since April 5.
Global Market:
• The Dow Jones industrial average fell for the first time in 10 days on Thursday, closing lower even after a small gain after the open of trading took the benchmark to a new record.
• Asia markets mixed, with Nikkei rising, after softer lead from Wall Street as Fed signals rate hike on the cards.
• Key data to be watched today U.S & Europe: Manufacturing PMI Index.
• European stocks drive strong open after US Federal Reserve signals hike in December.
Major Headlines of the day:
• KNR Construction JV bags order worth Rs 884.47 crore from Government of Telangana.
• Cox and Kings owned Meininger Hotels signs agreement with a Swiss developer for the construction of a hotel in Geneva.
• REC to incorporate five project specific SPVs for the development of Intra-state Transmission lines in Jharkhand.
• A2Z Infra Engineering to issue 8 crore equity shares aggregating to Rs 850 crore (74 percent of the company’s total debt) towards One Time Settlement to its lending banks.
• Iron ore fell -US$5.00 or -7% to US$63.00/t.
Trend in FII flows: The FIIs were net buyers of Rs -1204.95 the cash segment on Thursday while the DIIs were net sellers of Rs 1416.55 as per the provisional figures.
Securities in Ban For Trade Date 21-SEP-2017:
1.BEML
2.DHFL
3.HDIL
4.IBREALEST
5.ICIL
6.INDIACEM
7.INFIBEAM
8.JPASSOCIAT
9.JSWENERGY
10.RCOM
11.WOCKPHARMA
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Stock market closing bell - NIFTY CLOSE at 9964.40 declined by (-157.50)
ReplyDeleteSENSEX CLOSE at 31922.44 declined by (-447.60)
BANK NIFTY CLOSE at 24368.85 declined by (-430.40)
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