Indian equities to open on a flat note ahead of April F&O expiry

Indian Indices:                               

Indian equities could witness a volatile trading session as expiry day settlement’s could weigh in. SGX Nifty is currently trading in the red down 15 points at 10,552. Indian equities could witness a volatile trading session as expiry day settlements could weigh in. Wipro to remain under selling pressure on account of lower than expected quarterly earnings.

Benchmark indices were flat in pre-opening trade, following mixed trend Asian stocks. The 30-share BSE Sensex was up 74.55 points at 34,575.82 and the 50-share NSE Nifty rose 8.30 points to 10,578.80. Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising US bond yields and corporate costs, said a Reuters report.

Global Market:

·       Major Asian markets are trading mixed, Nikkei is up 0.6%, Hang Seng is down 0.4% while the Shanghai Composite is trading 0.49% lower.

·       US Markets: Markets erased opening loses as an expectation of optimistic earning season offset rising bond-yield fears. The Dow Jones rose 0.25% to 24,084 while the Nasdaq continued to end in the red for the fifth day in a row, shedding 0.05% to close at 7,004.

·       European markets ended lower with FTSE closing 0.62% lower, CAC was down 0.57% while the DAX ended 1.03% lower. 

Major Headlines of the day:

·        Wipro: The Board has approved amalgamation of its two subsidiaries with the company. The company's Q4 profit was down 7 percent QoQ; sees Q1 IT services revenue at USD 2,015-2,065 million

·        Emami: The Board will meet on May 3 to consider results and approve dividend as well

·        Uniply Industries approved issue of 45.14 lakh equity shares at Rs 400.85 per shares on preferential basis to non-promoter and allotment of 96.28 lakh convertible share warrants at Rs 400.85 per warrant on preferential basis to promoter and non-promoters

·        Bharti Airtel: The firm has approved sale/transfer of submarine cables to unit Network I2I

·        Shah Alloys entered into settlement agreement with ARCIL

·        UltraTech Cement: Company's Q4 profit sheds 29%; sales volume grows 31

Trend in FII flows: The FIIs were Net Value of Rs -304.79 the cash segment Wednesday while the DIIs were Net Value of Rs 435.98 as per the provisional figures.

TODAY ON EARNING FRONT:- AXIS BANK, BIOCON, RALLIS, RELCAP, SBI LIFE, TATAELXSI, TATAMTALIKS, YESBANK, SUPREMEIND.

Securities in Ban For Trade Date 26-APR-2018:

1.BALRAMCHIN

2.DHFL

3.GMRINFRA

4.RAYMOND

5.WOCKPHARMA

Indian equities to open on a flat note ahead of April F&O expiry

Indian Indices:                               

Indian equities could witness a volatile trading session as expiry day settlement’s could weigh in. SGX Nifty is currently trading in the red down 15 points at 10,552. Indian equities could witness a volatile trading session as expiry day settlements could weigh in. Wipro to remain under selling pressure on account of lower than expected quarterly earnings.

Benchmark indices were flat in pre-opening trade, following mixed trend Asian stocks. The 30-share BSE Sensex was up 74.55 points at 34,575.82 and the 50-share NSE Nifty rose 8.30 points to 10,578.80. Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising US bond yields and corporate costs, said a Reuters report.

Global Market:

·       Major Asian markets are trading mixed, Nikkei is up 0.6%, Hang Seng is down 0.4% while the Shanghai Composite is trading 0.49% lower.

·       US Markets: Markets erased opening loses as an expectation of optimistic earning season offset rising bond-yield fears. The Dow Jones rose 0.25% to 24,084 while the Nasdaq continued to end in the red for the fifth day in a row, shedding 0.05% to close at 7,004.

·       European markets ended lower with FTSE closing 0.62% lower, CAC was down 0.57% while the DAX ended 1.03% lower. 

Major Headlines of the day:

·        Wipro: The Board has approved amalgamation of its two subsidiaries with the company. The company's Q4 profit was down 7 percent QoQ; sees Q1 IT services revenue at USD 2,015-2,065 million

·        Emami: The Board will meet on May 3 to consider results and approve dividend as well

·        Uniply Industries approved issue of 45.14 lakh equity shares at Rs 400.85 per shares on preferential basis to non-promoter and allotment of 96.28 lakh convertible share warrants at Rs 400.85 per warrant on preferential basis to promoter and non-promoters

·        Bharti Airtel: The firm has approved sale/transfer of submarine cables to unit Network I2I

·        Shah Alloys entered into settlement agreement with ARCIL

·        UltraTech Cement: Company's Q4 profit sheds 29%; sales volume grows 31

Trend in FII flows: The FIIs were Net Value of Rs -304.79 the cash segment Wednesday while the DIIs were Net Value of Rs 435.98 as per the provisional figures.

TODAY ON EARNING FRONT:- AXIS BANK, BIOCON, RALLIS, RELCAP, SBI LIFE, TATAELXSI, TATAMTALIKS, YESBANK, SUPREMEIND.

Securities in Ban For Trade Date 26-APR-2018:

1.BALRAMCHIN

2.DHFL

3.GMRINFRA

4.RAYMOND

5.WOCKPHARMA

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