Indian Indices:
The Indian benchmark indices are set to open higher on Thursday amid robust cues from the Asian peers. SGX Nifty is trading @ 9967, 22 points up
The benchmark indices ended lower on Wednesday as tensions over North Korea’s latest nuclear test showed few signs of abating and continued to spook global investors.
Nifty likely to touch 10K mark amidst positive global cues. Nifty is likely to trade in a narrow range with immediate resistance placed at the level of 9,940, followed by 9,980-10,000, and if it sustains above these levels, it is likely to move higher up to the level of 10,080.Nifty is likely to trade in a narrow range with immediate resistance placed at the level of 9,940, followed by 9,980-10,000, and if it sustains above these levels, it is likely to move higher up to the level of 10,080. On the down side, 9,860 and 9,810 may act as strong support levels.
Indian benchmark indices are likely to the start the week on a positive note on the back of strong global cues. The SGX Nifty, which was trading at 9,981, indicates that the Nifty could gain 34 points at the opening bell. Back home, it was yet another day of consolidation as Indian market remained range-bound and settled the last trading session of the week with marginal gains. The broader market underperformed the benchmark indices and the market breadth, indicating the overall health of the market, was negative. Sector-wise, pharma, public sector banks and realty prevented the markets from gaining ground and dragged the markets.
Global Market:
• U.S. stock futures edged higher as Hurricane Irma came ashore in Florida weaker than anticipated and the perceived threat of a North Korean missile test failed to materialize.
• Asian stocks rose on Monday on fading risk aversion as the dollar clawed back losses.
• European banks leading gainers in Europe; ECB to reduce bond purchase
Major Headlines of the day:
• Gets US FDA Nod For Pelvic Inflammation Drug Metronidazole Tablet.
• Gets Tentative US FDA Nod For HIV Drugs Efavirenz & Emtricitabine; also gets Tentative US FDA Nod For HIV Drug Tenofovir Disoproxil Tablet.
• Century Textiles May Explore Merger With Grasim After Sale Of Paper Division. Century Textiles is looking at an enterprise valuation of Rs 4,500-5,000 crore for the paper unit.
• The GST Council decided to hike cess on mid-sized cars by 2%, taking the effective GST rate to 45%. Also, cess on large cars has been hiked by 5%, taking the total GST incidence to 48% while that of SUVs by 7% to 50%.
• DCBBank in focus as USA shuts down Habib Bank over terror financing. Aga Khan Foundation is the promoter of DCB Bank.
Trend in FII flows: The FIIs were net buyers of Rs -256.42 the cash segment on Friday while the DIIs were net sellers of Rs 487.97 as per the provisional figures.
Securities in Ban For Trade Date 11-SEP-2017:
1.DHFL
2.IBREALEST
3.JSWENERGY
4.JUSTDIAL
Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
The stock of Aditya Birla Capital used to be roaring on the bourses because it breached upper circuit during early morning trade on Wednesday, on the BSE. The stock breached upper circuit at Rs 196.50, up by Rs 9.35 or 5% as against to its previous close of Rs 187.15.
ReplyDeleteWealth It Global
Equity Cash