Indian Indices:
The Indian equity benchmark indices are likely to open on a positive note today, tracking favourable cues from Nifty futures on the Singapore Stock Exchange and firm global peers. Bullish trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,727.50, up by 41 points or 0.38%, at 11:30 AM Singapore time, also signaled a positive opening for the domestic equity bourses.
Strong industrial production will boost investors’ sentiments. Data released on last Friday showed that Index of Industrial Production (IIP) rebounded in November, rising by 8.4%. However, rise in the Consumer Price Index (CPI)-based inflation for December may weigh on the sentiments.
India’s retail inflation hit a fresh high, rising 5.2% in December, mainly due to hardening housing, fuel and food prices.
• Shares of Infosys Ltd will remain in focus as the IT major reported 37.6% growth on net profit on sequential basis at Rs 5,129 crore for the quarter ended December 31, 2017. Notably, the company has kept its FY18 revenue guidance unchanged.
• Shares of India's largest mortgage lender, HDFC Ltd. will be in focus as the company has bagged a Rs 11,104 crore investment from marquee investors and this would lead to a stake dilution of 3.87%.
• Companies including DELTACORP, FEDERAL BANK, MUTHOOT CAP, GALLANT ISPAT are among few companies that are scheduled to report their quarterly earnings today.
• The Indian equities closed higher in volatile trade on Friday, tracking firm cues from Asian peers, amid sustained fund inflows by foreign investors and strong corporate earnings.
Global Market:
• Major Asian markets are trading in the green at present Nikkei is up 0.25%, Hang Seng is up 0.81%, while Shanghai Composite the is trading flat 0.15% lower.
• US markets: The major averages ended the day on a strong note closing at fresh highs.
• European also closed in the green on Friday with FTSE up 0.20 %, CAX up 0.50% and DAX up 0.32%.
Major Headlines of the day:
• Jubilant Life Sciences has received a green nod for setting up a greenfield pesticide manufacturing unit at Bharuch, Gujarat at a cost of around Rs 2.5 billion, according to the official document. The proposal is to set up a technical grade pesticide and pesticide¬specific intermediate manufacturing facilities having a total production capacity of 32,350 tonnes per annum at a SEZ in Bharuch, Gujarat.
• Infosys, the country’s second largest exporter, on Friday reported higher¬than-expected 38.3 per cent growth in consolidated net profit at Rs 5,129 crore for the third quarter ended December 31, 2017 as compared to Rs 3,708 crore in the same period last year.
• Tata Steel today said its actual saleable steel output in the country during April-December of of the ongoing fiscal increased by 12.4 per cent to 9.24 million tonne(MT).
Trend in FII flows: The FIIs were Net Value of Rs -158.16 the cash segment on Friday while the DIIs were Net Value of Rs 696.25 as per the provisional figures.
RESULT TODAY: SINTEXIND, INFY, KTKBANK, HT MEDIA, 3I INFOTECH, GAIL, RIIL
Securities in Ban For Trade Date 15-JAN-2017:
1.DISHTV
2.FORTIS
3.GMRINFRA
4.HDIL
5.JETAIRWAYS
6.JINDALSTEL
7.JISLJALEQS
8.JPASSOCIAT
9.KSCL
10.RCOM
11.RELCAPITAL
12.RPOWER
13.WOCKPHARMA
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