Indian Indices:
Indian markets are likely to open flat to lower, tracking bearish cues from Nifty");'> Nifty futures on the Singapore Stock Exchange and a soft trend among global peers. SGX Nifty");'> Nifty is trading 23 points down
India's sovereign credit rating jump on Friday gave investors a big reason to cheer as the nsex");'> Sensex rallied 236 points, underpinned by financial and metal stocks.
Global Market:
• U.S. stocks fell on Friday as worries about tax reform lingered on Wall Street. No Key data to watch in the US today.
• Asian stocks resumed last week’s slide in early trading Monday amid signs of fatigue following a stellar year for the region’s equities.
Major Headlines of the day:
• Larsen & Toubro won orders worth Rs 8,650 crore to build two parts of the Mumbai Trans Harbour Link project.
• Eris Life science is set to acquire Strides Shasun’s domestic business for Rs 500 crore. Analysts believe these couple of divestments would help Strides to focus on mainly the US and Australia business, and expect these businesses to grow at high double digits.
• Media reports say Logistics sector to soon get infrastructure status, a move that will help the industry raise funds at competitive rates and banks to give priority to logistics sector while lending.
• Supreme Court on Friday towards a nationwide ban on the use of pet coke and furnace oil to power up industries, in a bid to fight pollution. Petcoke usage is the highest amongst all the northern players like Shree Cement, JK Lakshmi Cement, and Mangalam Cement.
• Media reports say ACC, Ambuja Cements roll back prices to September levels; cut Mumbai prices by Rs 20 per bag.
Trend in FII flows: The FIIs were Net Value of Rs 1276.62 the cash segment on Friday while the DIIs were Net Value of Rs 1466.94 as per the provisional figures.
Securities in Ban For Trade Date 20-NOV-2017:
1.DHFL
2.DLF
3.HDIL
4.ICIL
5.INFIBEAM
6.JETAIRWAYS
7.JPASSOCIAT
8.JSWENERGY
9.KSCL
10.RCOM
11.RELCAPITAL
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