Asia opens higher; Stocks in the news: Syndicate Bank, Aditya Birla Fashion, Videocon Industries

Indian Indices:                             The Nifty index made a strong bullish candle on the daily charts and has now moved above crucial level. The Nifty, which opened at 10,603.45, slipped marginally to 10,587 before bulls took charge of D-Street. The index rose to an intraday high of 10,698.35, before closing 91 points higher at 10,684. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 36 points or 0.34 percent. Nifty futures were trading around 10,731- 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 0.95% while the Hang Seng is up 0.58%. The Shanghai Composite is not trading.

·       US Markets: The Dow Jones Industrial Average rose 346.41 points, or 1.4 percent, to 25,146.39, the S&P 500 gained 23.55 points, or 0.86 percent, to 2,772.35 and the Nasdaq Composite added 51.38 points, or 0.67 percent, to 7,689.24.

·       European markets- European markets finished mixed as of the most recent closing prices. The DAX gained 0.34% and the FTSE 100 rose 0.33%. The CAC 40 lost 0.06%.

Major Headlines of the day:

·        Quess Corp approved sale of 74% equity shareholding held in Inticore VJP Advance Systems

·        Kirloskar to hike power genset prices by 5-8%

·        Capital First's debenture committee approved issue of NCD worth Rs 50 crore on private placement basis

·        Essel Propack - Record date for bonus issue is June 21

·        Lemon Tree signed License agreement for 104 room property at Gwalior

·        NCLT Admits Videocon Industries Case For Insolvency Proceedings

·        Tech Mahindra: Company appoints Harshvendra Soin as Chief People Officer

·        ICICI Bank clarified that the bank is yet to receive copy of NCLT order

·        Sadbhav Infra approves issue of NCD worth Rs 190 crore on private placement basis and raising of funds via securities of Rs 3000 crore

·        Aksh Optifibre receives show cause notice from SEBI pertaining to GDR issue

Trend in FII flows:-  The FIIs were Net Value of Rs  -81.04 in the cash segment WEDNESDAY while the DIIs were Net Value of Rs +712.31 as per the provisional figures.

Securities in Ban For Trade Date 07-JUNE-2018 :-

   1   DHFL

   2  BALRAMPURCHINI

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