Nifty likely to open flat, Asia opens lower; SBI, IOC, Cipla in focus

Indian Indices:                               The The Nifty50 is expected to open flat-to-negative on Tuesday following muted trend seen in other Asian markets. The index closed 79 points lower at 10,516 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Stock Exchange. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Exchange.

Global Market:

·       Asian markets- The Nikkei 225 Index is presently unchanged. The stock markets in Hong Kong and Shanghai are closed at this time.

·       US Markets: The Dow Jones Industrial Average rose 298.2 points, or 1.21 percent, to 25,013.29, the S&P 500 gained 20.04 points, or 0.74 percent, to 2,733.01, and the Nasdaq Composite added 39.70 points, or 0.54 percent, to 7,394.04

·       European markets- European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 1.03% and the CAC 40 rose 0.41%. The DAX lost 0.28%.

Major Headlines of the day:

·        DHFL to raise up to Rs 12K cr; NCD issue opens tomorrow

·        Just Dial Q4: Net profit was up 53% at Rs 39 crore and revenue was 10.3% at Rs 200.5 crore

·        Astrazeneca Pharma Q4: Net profit was at Rs 3.2 crore against loss of Rs 9.6 crore

·        Mahanagar Gas Q4: Net Profit rose 5% at Rs 105 crore and revenue was 11.7% at Rs 587 crore

·        DLF Q4: Net profit was up 70.5% at Rs 243.3 crore and Revenue was down 38% at Rs 1,377.7 crore

·        Motilal Oswal Q4: Net Profit rose 64% at Rs 147.6 crore and Revenue was up 42.8% at Rs 752.1 crore

·        Globus Spirits Q4: Net profit was down at Rs 1.4 crore and Revenue was at Rs 424.1 crore

Trend in FII flows:-  The FIIs were Net Value of Rs  -496.03 in the cash segment MONDAY while the DIIs were Net Value of Rs 1190.56 as per the provisional figures.

TODAY ON EARNING FRONT:-   BOSCH, L&T TECHNOLOGIES, DR REDDYS LAB, SYMPHONY, BATA INDIA, BATA FORGE, CIPLA, DHANUKA AGRITEC, VIP INDUSTRIES, SONATA, HPCL, SBI, KOICL, IOC, ALL CARGO.

Securities in Ban For Trade Date 22-MAY-2018 :-

1. Balrampur Chini, 
2. DHFL, 
3. Jet Airways, 
4. Just Dial, 
5. PC Jeweller, 
6. Reliance Communications, and 
7. Wockhardt  

Get more details here:-

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