Nifty likely to open flat, Bank Of India, United Breweries, IDBI Bank, NTPC, BoB, Dr Reddy's Lab in new, NTPC, L&T earnings today

Indian Indices:                             The Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange. Nifty50 is expected to open flat-to-positive on Monday following positive trend seen in other Asian markets. The index closed 91 points higher at 10,605 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange.

Global Market:

·       Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.02% while the Hang Seng is up 0.67%. The Shanghai Composite is not trading.

·       US Markets: the Dow Jones Industrial Average fell 58.67 points, or 0.24 percent, to 24,753.09, the S&P 500 lost 6.43 points, or 0.24 percent, to 2,721.33 and the Nasdaq Composite added 9.43 points, or 0.13 percent, to 7,433.85. For the week, the Dow was up 0.2 percent, the S&P 500 was up 0.3 percent and the Nasdaq gained 1.1 percent.

·       European markets- European markets finished mixed as of the most recent closing prices. The DAX gained 0.65% and the FTSE 100 rose 0.18%. The CAC 40 lost 0.11%.

Major Headlines of the day:

·        Dr Reddy’s subsidiary company Promuis Pharma filed lawsuit for patent infringement in US court

·        Punj Lloyd board meeting on May 30, 2018 to consider and approve a proposal to restructure the outstanding credit facilities

·        United Breweries: The firm launched AMSTEL Beer in its super premium strong beer category.

·        IDBI Bank: The Board has initiated divestment of partial stake in IDBI AMC to a strategic investor.

·        Jindal Saw: Neeraj Kumar reappointed as Group CEO and Wholetime Director of the company.

·        Tech Mahindra reports Q4 profit beats estimates at Rs 1,222 crore.

·        Sun Pharma Q4 profit up 7 percent YoY at Rs 1,309 crore, beats estimates.

·        Adani Enterprises sells 51% stake in Adani Chendipada Mining

·         

·        DB Corp approved buyback proposal for an aggregate amount of up to Rs 312.80 crore

Trend in FII flows:-  The FIIs were Net Value of Rs  -768.29 in the cash segment FRIDAY while the DIIs were Net Value of Rs 887.76 as per the provisional figures.

TODAY ON EARNING FRONT:-   PIRAMAL ENTER, LUMAX, LARSEN, VADILAL, LUMAX AUTO TECH, FINOLEX, EIH ASSO HOTEL, SHILPA ASIAN HOTEL, KAMDHENU, OIL INDIA, COX&KINGS, MINDA CORP, NTPC, L&T, NMDC, ASSAM COMPANY, BAG FILMS, GRAVITA, KWALITY

Securities in Ban For Trade Date 28-MAY-2018 :-

 1.  BEML

2.  DHFL

3.  IDBI

4.  JETAIRWAYS

5.  JISLJALEQS

6.  JUSTDIAL

7.  RCOM

Get more details here:-

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