Markets indicating a flat
opening in line with Asian peers;
Indian Indices:
·
Major Asian markets are trading marginally
higher, Nikkei is up 0.19%, Hang Seng is up 0.24% while Shanghai Composite is
trading 0.45% higher.
· US Markets:
Stocks failed to sustain the early gains after opening noticeable higher.
· European
markets ended in the green yesterday with the FTSE closing 0.15% lower, CAC
ended up 0.10% while the DAX ended 0.17% higher. However, on closing,
European stocks closed in green but trimmed earlier gains of as much as 0.6%,
as a stronger euro weighed on exporters.
Major Headlines of the day:
·
Wipro: Telecom client in India filed petition to initiate CIRP
with NCLT. Company likely to see negative impact of 65-75 bps on net income
level
·
HealthCare Global Enterprises approved the allotment of 9,34,500
equity shares at Rs 321 per share on Preferential basis to promoter of the
company
·
ICICI Bank: Fitch has said that allegations pose reputational
risks and will take appropriate action if risks to reputation and financial
profile rise
·
IDFC Bank: The lender has cut MCLR across all tenors by 5bps
effective April 8
·
Super Crop Safe board meeting on April 17 to consider issue of
equity shares and convertible warrants on preferential allotment basis.
Trend in FII flows: The FIIs were Net Value
of Rs -1300.93 the cash segment Monday while the DIIs were Net
Value of Rs 359.35 as per the provisional figures.
Get more details here:-
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
