Indian Indices:
The Indian benchmark indices are set to open lower on Thursday amid weak cues from other global peers. The Asian markets have opened on a negative note weighed down by a plunge in high-flying technology shares. SGX Nifty is trading at 10306 , down by 54 Points.
The benchmark indices ended flat on Wednesday as sentiment remained cautious ahead of the gross domestic product (GDP) for the July-September quarter due on Thursday post market hours. Derivatives expiry of the November series is also due Today. GDP is likely to grown @6.4% as per media reports
Infosys Rs 13,000 cr share buyback for 11.30crs shares to begin from today at Rs 1150 per share & ends on 14th December.
Global Market:
• Technology shares in the U.S. tumbled, while the S&P 500 Index ended the day flat, amid signs of a rotation away from the year’s leaders into financial stocks as tax legislation proceeded through the Senate.
• Asian stocks fell with Australian banks tumbling as investors ponder the longevity of the global equity bull run.
• Key data to watch out today U.S. is jobless claims data.
Major Headlines of the day:
• Indiabulls Housing Finance’s rating upgraded by S&P to AAA.
• National Insurance Company and ICICI Lombard may take a combined hit of Rs 300 cr from the fire that gutted the manufacturing unit of Haldiram’s
• Mukta Arts
o Revenue up 42 % at Rs 37 cr
o Net profit of Rs 9.4 cr
o EBITDA at Rs 8.5 cr versus a loss of Rs 0.5 cr
o Margin at 23 % versus -2 %
• Safari Industries
o Revenues up 19 % at Rs 88 cr
o Net profit up 268 % at Rs 3.5 cr
o EBITDA up 98 % at Rs 8.3 cr
o Margins at 9.4 % versus 5.7 %
• TBZ Ltd
o Revenues down 27 % at Rs 326 cr. Net profit down 90 % at Rs 0.8 cr. EBITDA down 48 % at Rs 12 cr. Margins at 3.7 % versus 5.2 %.
Trend in FII flows: The FIIs were Net Value of Rs -859.27 the cash segment on Wednesday while the DIIs were Net Value of Rs 771.07 as per the provisional figures.
Securities in Ban For Trade Date 30-NOV-2017:
1.DHFL
2.GMRINFRA
3.INFIBEAM
4.JPASSOCIAT
5.JSWENERGY
6.ORIENTBANK
7.RCOM
8.TV18BRDCST
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