Indian Indices:
Indian benchmark indices are likely to start holiday-shortened week on positive note on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global peers. SGX Nifty is trading up 32 points.
Driven by strong IIP numbers and an unchanged inflation, the broader NSE Nifty on Friday ended at all-time high, reflecting interrupted buying by domestic institutional investors amid strong global cues. Godrej Agrovet will list today.
Global Market:
• U.S. equity benchmarks finished the session and the week slightly higher on Friday, as President Donald Trump delivered a speech decertifying a nuclear agreement with Iran.
• Asian markets opened with gains as inflation data in the US added to evidence that global growth is continuing steadily. There are no key data to watch in US today
Major Headlines of the day:
• Reliance Industries reported a 12.5% increase in consolidated net profit to Rs8,109 cr. GRM's came in at a nine-year high of $12 per barrel. Jio also reported ARPU of Rs 156.4 per subscriber per month.
• IndusInd Bank will acquire Bharat Financial Inclusion at a 11% premium. IndusInd Bank will offer 639 shares for every 1000 shares held in Bharat Financial in a deal that values company at Rs 15,487 crore, or Rs 1118 per share.
• D-Mart posted profit after tax worth Rs 191 cr, a whopping 65.2% increase YoY basis, revenues from operation stood at Rs3,508 cr, up 26.3% YoY.
Trend in FII flows: The FIIs were net buyers of Rs -1698.50 the cash segment on Friday while the DIIs were net sellers of Rs 1590.13 as per the provisional figures.
UPCOMING-RESULTS:-GRUH,BAJAJFINANCE,BAJAJFINSV,COLPAL,DCBBANK,DELTACORP,DHFL,FEDERAL,BANK,STERLITE TECH,TEXMACO RAIL
Securities in Ban For Trade Date 16-OCT-2017:
1.BEML
2.DHFL
3.IBREALEST
4.INFIBEAM
5.JPASSOCIAT
6.JSWENERGY
7.RCOM
8.RELCAPITAL
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