Indian Indices:
Indian shares ended lower for a second straight session on Thursday ahead of the expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target. The S&P BSE Sensex and the CNX Nifty fell by 0.19% and 0.12% respectively.
Indian markets ended lower on Thursday, tracking mixed cues from Asian peers, as gains in metal and realty stocks were offset by selling across PSU and oil&gas space. The market also witnessed some volatility amid expiry of December futures and options (F&O) contracts today. Bucking the trend, the broader markets ended higher, with S&P BSE MidCap and S&P BSE SmallCap indices gaining between 0.1%-0.3%.
Further, shares of Reliance Communications will remain in focus after Mukesh Ambani-led Reliance Jio on Thursday acquired spectrum, tower, optical fiber network and other wireless assets of Anil Ambani's debt¬ ridden company.
Shares of Astron Paper & Board Mills will make be listed on stock bourses today. The company successfully concluded its initial public offer (IPO) last week.
Global Market:
•US European markets were pointing in different directions on Thursday amid a light holiday-week of trade seen across markets worldwide.
•Asian markets closed mostly higher on Thursday following a rally in oil and copper prices this week. Trade was thin ahead of the long New Year's weekend.
Major Headlines of the day:
•United Bank of India rose 3.41% after the bank said that it raised Rs 100 crore by issuing Basel III compliant bonds on a private placement basis.
•Mahindra CIE Automotive rose 3.56%, after a domestic brokerage firm reportedly initiated coverage on the stock with a 'buy' rating and a target price of Rs 297 per share.
•Reliance Communications rose 7.67%, extending yesterday's surge triggered by the company exiting the strategic debt restructuring plan with a zero write-off to lenders.
Trend in FII flows: The FIIs were Net Value of Rs 562.55 the cash segment on Thirsday while the DIIs were Net Value of Rs -774.09 as per the provisional figures.
Securities in Ban For Trade Date 29-DEC-2017:
1.NIL
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