Markets indicating flat opening in line with Asian peers;

Indian Indices:                               

SGX Nifty is currently trading in the red down 9 points at 10,346. Indian markets could witness bit off profit booking in today’s trade after the strong rally seen in the previous session, as traders would consider closing out some of their positions ahead of the weekend considering the extreme volatility in global equities. Traders would also keep an eye on the Dow futures, which is currently trading in the red down 270 points.

Global Market:

·       Major Asian markets are trading mixed at present Nikkei is down 0.04%, KOSPI is trading 0.22% lower,  Hang Seng is up 1.25% while Shanghai Composite is shut in today’s trade.

·       US Markets: Stocks continued the positive momentum ending higher for the third consecutive session. The Dow jumped surged 1% ending at 24,505.22, the Nasdaq rose 0.5% to 7,076.55 and the S&P 500 climbed 0.7% to 2,662.84.

·       European markets also ended yesterday’s session strongly in the green with the FTSE closing 2.30% higher, CAC ended up 2.56%, while the DAX surged 2.82% higher.

Major Headlines of the day:

·        Glenmark Pharma: The pharma major has recalled over 1 lakh bottles of anti-inflammatory drug in US.

·        Coal India: CIL may hike salaries of executives in 2 months.

·        Larsen & Toubro: SFIO has received a complaint against L&T Group of financial irregularities, ET Now reported.

·        Indian Oil Corporation: Acquires 17 percent participating interest in the Mukhaizna Oil Field, Oman from Shell.

·        Kridhan Infra: Gets order worth Rs 134 crore in Singapore

·        Kirloskar Oil Engines plans to double topline this year

·        Tata Comm shareholders meet on May 10 for surplus land transfer

·        IndiGo rules out bidding for Air India

·        Cochin Shipyard setting up 42-acre ship repair facility.

Trend in FII flows: The FIIs were Net Value of Rs -108.02 the cash segment Thursday while the DIIs were Net Value of Rs  615.28 as per the provisional figures.

Get more details here:-

Trading Tips

Stock Tips

Stock Advisory Company

Financial Advisory company

call on  

9977499927

O731-6690000

* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.