Capital stars Market update :Markets indicating a positive opening to the April Series;

Indian Indices:                  

                                           SGX Nifty is currently trading in the red but is above its Wednesday’s close. Indian markets are expected to trade with a positive bias in line with Asian peers. In stock-specific news, Ambuja Cement, Aurobindo Pharma, Bosch would be excluded from the Index while Bajaj Finserv, Grasim, and Titan included. IOC is set to invest 1.4 lakh cr to double its refining capacity.

Global Market:

·       Major Asian markets are trading in the green, at present Nikkei is up 0.50%, Kospi is also up 0.50% while Shanghai Composite is trading 0.68% higher.

·       US Markets: Stocks ended Thursday’s session on a high. Dow ended up 2.7%, S&P 500 rose 2.1% and Nasdaq inched up 1%. The rally was led mainly by tech stocks with Facebook gaining nearly 5%.

·       European markets closed in the green on Thursday with FTSE closing 0.17% higher, CAC ended up 0.71% while DAX ended 1.29% higher.

Major Headlines of the day:

·        Vedanta wins bid to acquire Electrosteel Steels.

·        Allahabad Bank cuts lending rates by 45 bps.

·        IOC to invest Rs 1.4 lakh cr to double refining capacity.

·        Ashoka Buildcon: Its arm has won an award from NHAI for a stretch on Vadodara-Mumbai Expressway.

·        Cadila Healthcare - USFDA completes inspection at company's Topical manufacturing facility at Changodar, Ahmedabad.

Trend in FII flows: The FIIs were Net Value of Rs -1190.55 the cash segment Wednesday  while the DIIs were Net Value of Rs  1960.67  as per the provisional figures.

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