Capitalstars Updates: Markets expected to open in the red: 18 Oct 2017

Indian Indices:

SGX Nifty indicating a negative opening for the Indian markets. SGX Nifty indicating a negative opening for the Indian markets.

Indian benchmark indices are likely to open lower in the holiday-shortened week on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Equity benchmarks ended the rangebound session on a flat note yesterday after the rally in previous three consecutive days, but the broader markets outperformed despite balanced market breadth. Data to be announced in the US: Fed Beige book & Housing startsDow touches 23,000 for the first time, closes at record buoyed by shares of UnitedHealth and Johnson & Johnson

Global Market:

 · US stock The tech-heavy Nasdaq edged down 0.35 points to 6,623.66, the Dow edged up 0.2% to 22,997.44 and the S&P 500 inched up 0.1% to 2,559.36.
· Europe modestly lower in yesterday’s session with FTSE down 0.14%, CAC down 0.03%, DAX down 0.07%.
· Stocks in Asia are steady today as investors in the region looked to China's Party Congress for signs on future policy direction in the world's second-largest economy.

Major Headlines of the day:

·  M&M Tata Steel: Government imposes anti-dumping duty on flat steel products from China and European Union countries.

 ·  Claris Life sciences: RBI hikes Claris Lifesciences FPI investment limit to 49 percent; NRI limit at 24 percent.

 ·  JBF Industries: In talks with Indorama group, Reliance Industries and The Chatterjee Group for a strategic stake sale.

 · Axis Bank: Posted 35.51 per cent year-on-year rise in net profit at Rs 432.38 crore for the second quarter ended September 30. However Asset quality worsened in Q2 with a percentage of gross non-performing assets (NPA) increasing to 5.90 percent from 5.03 percent on a sequential basis.

Trend in FII flows: The FIIs were net buyers of Rs -484.92 the cash segment on Tuesday while the DIIs were net sellers of Rs 809.03 as per the provisional figures.

UPCOMING RESULTS:-  NIITTECH, ULTRACEMCO

Securities in Ban For Trade Date 18-OCT-2017:

1.BEML

2.DHFL

3.IBREALEST

4.INFIBEAM

5.JPASSOCIAT

6.JSWENERGY

7.RCOM

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