Sensex, Midcap gain 150 pts; Nifty hits 10,600 in opening; metals shine

Sensex, Midcap gain 150 pts; Nifty hits 10,600 in opening; metals shine:-

Indian Indices:

firm SGX Nifty Index Futures for February delivery, which was trading at 10,582.50, up by 25.50 points or 0.24at 11:22 AM Singapore time, also signaled a positive opening for the domestic equity bourses. Equity benchmarks extended previous day's gains on last day of the week, with the Sensex, Nifty Bank and Midcap indices rising around 150 points each, tracking positive global cues.The 30-share BSE Sensex was up 149.65 points at 34,447.12 and the 50-share NSE Nifty rose 48.30 points to 10,593.80.
 
Punjab National Bank lost another 2 percent on top of 21 percent fall in previous two consecutive sessions. Gitanjali Gems tanked 19 percent on top of 20 percent correction in previous session. Nifty Midcap as well as Nifty Bank indices rallied 150 points each.

On the Economy front
 
Ø Investors will react to India’s trade deficit data which soared to USD 16.3 billion in January on account of a 26.1% increase in imports to USD 40.68 billion. India’s export grew by 9.07%, to USD 24.38 billion in January from 12.03% in December.

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On the Corporate front
 
Ø Shares of ZEE Learn will remain in focus as the company has acquired a controlling 44.5% stake in MT Educare, that runs the popular Mahesh Tutorials coaching classes, for about Rs 200 crore.
Ø Shares of Idea Cellular will be in focus as the telecom player on Thursday raised around $535 million, or about Rs 3,500 crore, through 
a qualified institutional placement (QIP) with the price at Rs 82.50 per share at the closure of bids.

 
PREVIOUS DAY ROUNDUP (DOMESTIC)

 
Ø The Indian equities ended higher on Thursday, tracking firm cues from Asian peers, as investors shrugged off Fed rate hike concerns 
despite stronger­than­expected US inflation data and shifted focus to domestic events.
Global Market:
·       Major Asian markets are shut today on account of Lunar New year. Nikkei is up 1.08%
 

·       US Markets: After witnessing heavy volatility in the initial half of the session stock surged up significantly higher.

·       European markets also closed in the green yesterday with FTSE up 0.29%, CAX was up 1.10% and DAX closed 0.06% higher.
 
Major Headlines of the day:
 
·        Daiichi-Fortis Case- SC lifts stay on sale of encumbered Fortis health shares by Singh brothers, SC allows sale of Fortis health shares pledged with lenders
·        Yes Bank to consider proposal to raise funds via debt securities or on private placement basis on Feb 20, Have necessary approvals to borrow/raise funds up to Rs 20,000 cr in 1 or more tranches.
·        Future Consumer- To allot NCDs for an amount not exceeding 150cr,Raises Rs200cr debt from UK’s CDC Group.

Trend in FII flows: 

                                The FIIs were Net Value of Rs -240.29  the cash segment Thursday while the DIIs were Net Value of Rs 49.92 as per the provisional figures.
 
Securities in Ban For Trade Date 16-FEB-2018:
 
1.BALRAMCHIN
2.DISHTV
3.GMRINFRA
4.HDIL
5.JISLJALEQS
6.JPASSOCIAT
7.ORIENTBANK

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