Mkts to flash green; SGX Nifty up 99 pts;
Indian Indices:
Indian benchmark indices are likely to open higher on Friday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trend across global peers. SGX Nifty is trading up by 99 points at 10359, indicating a positive opening.
The market staged smart come back on Thursday after three-day of losses, rallying one percent driven by banks, technology, energy and FMCG stocks. Bargain hunting in blue-chips, easing crude oil prices and positive global cues pushed benchmark indices higher. HDFC Standard Life Insurance Company listing eyed
“Big India upgrade Nifty Bank hit a fresh record high as Moody's Investors Service has today upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive.”
Global Market:
· U.S. equities rose on Thursday, rebounding from consecutive declines, following strong quarterly results from Wal-Mart and Cisco Systems. Wall Street also cheered a key vote on tax reform.
· Asian equities extend gains after US stocks rally; Nikkei rises 1.6%. Energy-related stocks were mostly higher.
· Asian equities extend gains after US stocks rally; Nikkei rises 1.6%. Energy-related stocks were mostly higher.
· Key data to watch out today U.S. Philadelphia Fed Manufacturing Index.
· Financial services, basic resources, and technology sectors driving the European market higher
Major Headlines of the day:
· RBI said FPI limit In Edelweiss Fin increased to 49 % from 40 %
o RBI said FPI limit In ICICI Lombard increased to 49 % from 24 %.
· RBI said FPI limit In Edelweiss Fin increased to 49 % from 40 %
o RBI said FPI limit In ICICI Lombard increased to 49 % from 24 %.
· AHLUWALIA CONTRACTS
o Revenue up 15.3 % at Rs 334.5 cr
o Net profit up 30 % at Rs 26 cr
o EBITDA up 23.75 % at Rs 49.5 cr
o Margin of 14.8 % versus 13.8 %.
· Bharat Matrimony
o Revenue up 13.6 % at Rs 83.6 cr
o Net profit up 58 % at Rs 19 cr
o EBITDA up 41 % at Rs 20.6 cr
o Margin at 24.6 % versus 19.8 %
o Net profit up 58 % at Rs 19 cr
o EBITDA up 41 % at Rs 20.6 cr
o Margin at 24.6 % versus 19.8 %
· Idea is set to take a Rs 300-cr hit on account of cut in IUC (internet connect usage charges) over the next six month.
Trend in FII flows: The FIIs were Net Value of Rs -447.42 the cash segment on Thursday while the DIIs were Net Value of Rs 847.45 as per the provisional figures.
Securities in Ban For Trade Date 17-NOV-2017:
1.DHFL
2.INDIACEM
3.INFIBEAM
4.JETAIRWAYS
5.JPASSOCIAT
6.JSWENERGY
7.KSCL
8.RCOM
9.RELCAPITAL
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