Indian Indices:
The Indian benchmark indices are set to open lower on Tuesday amid weak cues from the Asian peers. The Asian markets have opened on a lower note as the war of words between North Korea and the U.S. escalated. SGX Nifty is trading 9870 down by 13 points. Market sentiments were badly hit by likely worries over fiscal deficit as BSE Sensex dropped 448 points & NIFTY by over 120 points in intraday trade, however a late recovery in last hour of
trade help it trim losses & settle with a loss of 296 points & 92 points respectively.
Back home, Indian markets extended their southward journey for the fifth straight session and hit lowest closing levels in almost four weeks. The Nifty and Sensex breached their important psychological levels of 9,900 and 31,700, respectively, on a closing basis. Intense selling pressure was seen in the stocks of broader indices, i.e. Mid-Cap and Small-Cap, as these indices registered a fall of 1.14% and 2.02%, respectively. The Indian equity markets may extend losses in opening trade on Tuesday on global uncertainties.
Global Market:
• The US stock markets ended the first trading session of the fresh week in the red. The tech-laden Nasdaq showed a particularly steep decline. The Nasdaq Composite Index plunged by 56 points to 6,371. The Dow Jones Industrial Average slipped 54 points and the S&P 500 lost 6 points to close at 2,497.
• Asia markets slip after North Korea accuses Trump of declaring war. A majority of Asian markets were trading in the negative terrain in early trade on Tuesday. Japan’s Nikkei 225 has shed 47 points, Hong Kong's Hang Seng has lost 25 points while China’s Shanghai Composite has remained unchanged.
• European markets inch higher in trade on Monday after Merkel secures fourth term. Wall Street declines on tech selloff, North Korea concern
Major Headlines of the day:
• IOC board clears Rs 27,000 crore refinery of its unit Chennai Petroleum. To set up new 9 mmtpa refinery at Nagapattinam.
• Aditya Birla Capital receives in principal approval from RBI to set up an ARC.
• Brookfield Asset Management is evaluating buying 4-5 toll road assets of Madhucon Projects and is currently conducting diligence on these.
• Lupin gets USFDA nod for generic version of Clobex lotion. As per IMS MAT June data, Clobex had sales of USD 14.3 million in the US market.
• Brent Jumps to Two-Year High as Turkey Threatens Kurdish Exports.
Trend in FII flows: The FIIs were net buyers of Rs -1249.45 the cash segment on Monday while the DIIs were net sellers of Rs 1009.98 as per the provisional figures.
Securities in Ban For Trade Date 26-SEP-2017:
1.BEML
2.DLF
3.IBREALEST
4.ICIL
5.INFIBEAM
6.JSWENERGY
7.RCOM
8.RELCAPITAL
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Equity benchmarks declined in the morning, with the Nifty breaking at 9,850 level.
ReplyDeleteThe BSE Sensex fell by 72.12 points at 31,554.51 and the NSE Nifty declined by 26.55 points to 9,846.05.
IOC, HUL, BPCL, Asian Paints and Dr Reddy’s Labs were top Nifty losers, falling 2-4 percent whereas Vedanta, ONGC, Adani Ports, Indiabulls Housing, Sun Pharma, Tata Steel and Hindalco gained 1-3 percent.
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