Indian Indices:
SGX Nifty is trading @10545, +12 points. The benchmark indices edged higher on Thursday with market heavyweights Coal India, Tata Steel and L&T leading the rise, while PSU banks stocks rallied as the government sought parliament approval for Rs 800 billion extra spending to recapitalize state banks. Advance Estimate of FY18 GDP @ 5:30 PM (Poll Est @ 6.55% v 7.1%)
Global Market:
• Major Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000point move in its history, following the release of stronger-than-expected jobs data
• Asian shares inched closer to their record 2007 peak on Friday as US jobs data pointed to firm economic growth
• Key data to watch today in the US: ISM non-Manufacturing Index
Major Headlines of the day:
• Varun Beverages enters into a strategic partnership with PepsiCo India for Tropical.
• U.S. North America Class 8 truck sales for December at 37,200 units, up 77 percent year-on-year. 12% of CO’s revenues from class 8 trucks
• Q3FY18 – REV up 24.36% @ 434 Cr (YoY), PBT up 125% @ 34.11 Cr (YoY) PAT up 125% @ 22.3 Cr (YoY), PBT margins at 28.93% Vs 15.51% (YoY)
• Idea unveils $1.1 billion fundraising plan ahead of Vodafone merger
• The parliamentary panel on aviation recommends (not binding in nature) A) Cap on the Airline Fares B) Not to charge more than 50% of the base fare on cancellation.
Trend in FII flows: The FIIs were Net Value of Rs 212.05 the cash segment on Thursday while the DIIs were Net Value of Rs 325.24 as per the provisional figures.
Securities in Ban For Trade Date 05-JAN-2017:
1.FORTIS
2.GMRINFRA
3.HDIL
4.IFCI
5.JINDALSTEL
6.JISLJALEQS
7.JPASSOCIAT
8.RPOWER
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