The Indian equity benchmark indices are likely to witness a negative opening;

Indian Indices:                               

The Indian equity benchmark indices are likely to witness a negative opening on the first trading day of 

the week on Monday tracking mixed cues from other Asian peers and negative trend in the SGX Nifty 

Index Futures.Negative trend in the SGX Nifty Index Futures for April delivery, which were trading at 

10,434, down by 69 points or 0.66%, at 11:24 AM Singapore time, signalled a lower opening for 

the domestic equity bourses.

Equity benchmarks opened lower, with the Sensex falling below 34,000 levels following negative lead from SGX Nifty futures and global stocks. The 30-share BSE Sensex was down 229.59 points at 33,963.06 and the 50-share NSE Nifty fell 66.20 points to 10,414.40. Infosys was down 4 percent after lowering of full year EBIT margin guidance.

Global Market:

·       Major Asian markets are trading mixed, Nikkei is up 0.21%, Hang Seng is down 1.02% while Shanghai Composite is trading 0.56% lower.

·       US Markets: Key indices ended the Friday’s trading session in the red. The Dow slid 0.5% percent to 24,360.14, the Nasdaq corrected 0.5% to 7,106.65 and the S&P 500 fell 7.69 points or 0.3% to 2,656.30.

·       European markets ended in the green on Friday with the FTSE closing 0.09% higher, CAC ended up 0.11% while the DAX managed to end 0.22% higher.

Major Headlines of the day:

·        Infosys FY19 outlook worries investors- Infosys Ltd on Friday posted lukewarm Q4 results, but the company’s decision to lower its operating margin band for 2018-19 disappointed investors .Meanwhile, the company said it will hold an analysts’ meet on 23 April where it is expected to unveil its new strategy.

·        IndiGo may get Airbus A320neo planes by April end- Airbus will resume global deliveries of its A320neo planes to customers by the end of this month, reports The Economic Times. Indian airlines IndiGo and GoAir will likely to get deliveries by the last week of April or early May.

·        CBI books ex-UCO Bank CMD in cheating case- The Central Bureau of Investigation (CBI) has booked former a chairman and managing director (CMD) of UCO Bank and others in connection with an alleged loan fraud which has caused a loss of over Rs737 crore to the bank.

·        ICICI Lombard frontrunner for Star Health- ICICI Lombard General Insurance Co has emerged as the frontrunner to acquire Star Health and Allied Insurance Co from its founders and financial investors.

Trend in FII flows: The FIIs were Net Value of Rs -399.59 the cash segment Friday while the DIIs were Net Value of Rs  306.05 as per the provisional figures.

Securities in Ban For Trade Date 16-APR-2018:

1.BALRAMCHIN

2.IRB

3.JPASSOCIAT

4.TV18BRDCST

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