Nifty likely to open flat; Asian stocks cautious; retail inflation data today Tata Steel in news

Indian Indices:                             The Nifty50 is likely to open flat on Tuesday following muted trend seen in other Asian markets. The Nifty50 closed 19 points higher at 10,786 on Monday.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 percent. Nifty futures were trading around 10,789-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 0.28% while the Hang Seng is up 0.27%. The Shanghai Composite is not trading.

·       US Markets: The Dow Jones Industrial Average rose 5.78 points, or 0.02 percent, to 25,322.31, the S&P 500 gained 2.97 points, or 0.11 percent, to 2,782 and the Nasdaq Composite added 14.41 points, or 0.19 percent, to 7,659.93.

·       European markets- European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.73% while Germany's DAX is up 0.60% and France's CAC 40 is up 0.43%.

Major Headlines of the day:

·        IFCI revised its benchmark rate to 10.4 percent from 10.2 percent.

·        Infosys has announced voluntary delisting of its American depositary shares from Euronext Paris & Euronext London

·        Manappuram Finance board meeting on June 14 to consider issuance of NCD on private placement basis.

·        DCM Shriram board meeting on June 18 to consider the proposal to Buy-Back the fully paid up equity shares

·        Borosil Glass Works' board meeting on June 18, 2018

·        Shoppers Stop closes its Shoppers Stop store at Swami Vivekananda Airport, Raipur, due to non-renewal of airport store premises agreement

·        Strides Shasun receives USFDA approval for Oseltamivir Phosphate Capsules

·        Inox Wind appoints Dewan P. N. Chopra & Co as Independent auditor for next 5 years.

·        Canara Bank board meeting on June 13 to consider the capital raising plan for 2018-19

·        Fortis board defers approving financial results again

·        ICICI Bank says no communication from SEC on Chanda Kochhar matter

·        Tata Motors - Jaguar Land Rover to switch some UK output to Slovakia

Trend in FII flows:-  The FIIs were Net Value of Rs  -1156.77 in the cash segment MONDAY while the DIIs were Net Value of Rs 1062.82 as per the provisional figures.

Securities in Ban For Trade Date 12-JUNE-2018 :-

1.  Balrampur Chini,

2.  DHFL and

3.  Jet Airways

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