Indian Indices:
SGX Nifty indicating a positive opening for the Indian equities. All the major exit polls predict a comfortable victory for BJP in Gujarat and Himachal Pradesh state elections.
The domestic equity benchmark indices are likely to open higher today, tracking positive cues from Nifty futures on the Singapore Stock Exchange and mixed cues from global peers. a positive trend in the SGX Nifty Index Futures for December delivery, which was trading at 10,366, up by 77.50 points or 0.75%, at 11:36 AM Singapore time, also signaled a positive start for the domestic equity bourses. The investors are likely to cheer Exit polls which
predicted that BJP would win Gujarat assembly elections and a clean sweep in Himachal Pradesh.
Indian equity benchmarks closed volatile trade on a positive note as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened.
On the economy front
After retail inflation, wholesale price index (WPI) inflation accelerated to 3.93 percent in November due to a sharp rise in onion prices and costlier seasonal vegetables, government data showed on Thursday. It was 3.59 percent in October this year, and 1.82 percent in November last year.
On the corporate front
Shalby, a multi-specialty hospital chain, which recently concluded its Rs 504 crore initial public offering, will debut on bourses today.
Among others, shares of IDBI Bank will remain in focus after Fitch Ratings has placed the stat-run bank on ‘rating watch evolving.
Global Market:
• Major Asian markets are trading in the red with Shanghai Composite, down 0.71%, Hang Seng trading flat down 1.03% while Nikkei is trading 0.89% lower.
• US Markets: After an early move to the upside, stocks turned lower over the course of the trading session on Thursday. While the Dow ended 0.3% lower at 24,508.66, the Nasdaq fell 19.27 points to 6,856.53 and the S&P 500 also closed in the red down 0.4% at 2,652.01.
• European markets also closed in the red yesterday with FTSE down 0.65%, CAC down 0.79% and DAX also ended 0.45% lower.
Major Headlines of the day:
• Religare Enterprises
o Bay Capital Advisors Private Limited buys 21,25,294 shares at Rs 58.50 per share
o IDBI Trusteeship Services sells 1,13,02,355 shares at Rs 58.51 per share
o India Horizon Fund buys 71,50,000 shares at Rs 58.50 per share
• Donear Industries Q2FY18 YoY
o Revenue up 5 percent at Rs 135.5 crore
o EBITDA up 24 percent at Rs 14.4 crore
o Margins up 160 bps at 10.6 percent
o PAT up 58 percent at Rs 5.2 crore
• HDFC Bank
o Board meeting on December 20 to mull a proposal for raising funds
o To mull fund-raising by issue of shares/ depository receipts/ QIP/ ADR
Trend in FII flows: The FIIs were Net Value of Rs 232.17 the cash segment on Thursday while the DIIs were Net Value of Rs -374.21 as per the provisional figures.
Securities in Ban For Trade Date 15-DEC-2017:
1.FORTIS
2.HDIL
3.JISLJALEQS
4.JPASSOCIAT
5.JSWENERGY
6.TV18BRDCST
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