Markets expected to be
volatile ahead of Feb Expiry;
Indian Indices:
The Indian equity benchmark indices are likely to open on a negative note today amid muted trend in Nifty futures on the Singapore stock exchange and soft cues from other Asian peers. negative SGX Nifty Index Futures for February delivery, which were trading at 10,357, down by 45 points or 0.43%at 11:24 AM Singapore time, signalled a flat to negative opening for the domestic equity bourses. Volatility is likely to remain high in today session as traders will roll their position from February series contract to March series contract on expiry today.
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| Capitalstars financial research |
On the Economy front
ØThe markets may react to a report that India's economic growth is likely to be in the range of 6.5
Ø percent this fiscal. Further, EPFO lowered the rate of interest on employees provident fund to 8.55% for 201718, from 8.65% in the previous fiscal.
PREVIOUS DAY ROUNDUP (DOMESTIC)
ØSnapping three day losing streak, the Indian equities ended higher on Wednesday, undermining weak cues from Asian peers, led by
rally in IT and Teck stocks after Nasscom said the country’s IT exports could grow between 7 and 9 per cent in 2018/19
Global Market:
·
Asian markets are also trading mixed at present.
Nikkei is currently down 1.25%, Hang Seng is trading 1.12% lower, while
Shanghai Composite is up 1.40%.
· US Markets: Wall Street witnessed selling
pressure in yesterday’s trade. The Dow fell 0.7% to 24,797.78, the Nasdaq
dipped 0.2% to 7,218.23 and the S&P 500 fell 0.6% to 2,701.33. The lower
close on Wall Street came as traders expressed concerns after the minutes of
the Fed's January meeting indicated the central bank still plans to raise
interest rates three times in 2018.
Major Headlines of the day:
·
Bhushan Power lenders ask Tatas to revisit conditions, The
consortium of lenders to Bhushan Power & Steel has asked Tata Steel to
waive certain conditions in its offer for the company.
·
Tata may sell auto components unit Tata Auto Comp Systems, Tata
group is planning to sell its automotive parts manufacturing company Tata Auto
Comp Systems Ltd, reports Mint. The group is currently in talks to hire an
investment bank to manage the sale.
·
United Spirits set to auction Mallya’s Mumbai house, United
Spirits Ltd is set to invite bids for its sea-facing mansion called Niladri on
Napean Sea road in South Mumbai, reports Mint. Former chairman Vijay Mallya has
often used the property, priced at around Rs300 crore, as his Mumbai residen.
Trend in FII flows: The FIIs were Net Value
of Rs -1214.18 the cash segment Thursday while the DIIs were Net
Value of Rs 1375.48 as per the provisional figures.
Securities in Ban For Trade Date 22-FEB-2018:
1.BALRAMCHIN
2.FORTIS
3.GMRINFRA
4.IFCI
5.JISLJALEQS
6.JPASSOCIAT
For more update you can contact us :
CapitalStars Financial Research Forex trading tips stock market tips Share Tips Expert
CapitalStars Financial Research Forex trading tips stock market tips Share Tips Expert
www.capitalstars.com |T:+91-9977499927
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