Markets
indicate a marginally positive opening, in-line with Asian markets
Indian Indices:
SGX Nifty is indicating a positive for the Indian markets. Indian
markets are expected to trade range bound, as traders await fresh triggers. In
stock specific news, I-T dept attaches Gitanjali Gems's SEZ property in
Hyderabad worth Rs1,200 cr in PNB fraud case. Fortis Bank is set to acquire 26%
stake in Equirus capital . Asian shares gained in morning trade as comments
from a US Federal Reserve official eased worries that the central bank might
raise rates more aggressively this year, reports Reuters. Overnight, US stocks
closed slightly higher. S&P 500 at 2,703 points is up 0.1%.
Global Market:
·
Asian markets are trading in the green at
present. Nikkei is currently up 0.29%, Hang Seng is trading 1.05% higher, while
Shanghai Composite is up 0.25%.
·
US Markets: US Markets: Wall Street ended on a
mixed note in yesterday’s session. The Dow climbed 0.7% to 24,962.48, S&P
500 inched up 0.1% to end at 2,703.96, while the tech-heavy Nasdaq edged
modestly lower, closing at 7,210 down 0.1%. On the US economic front, a report
released by the Labor Department showed a modest decline in first- time claims
for US unemployment benefits in the week ended February 17th, which surprised
most economists who had exacted it to remain unchanged.
Major Headlines of the day:
·
Bhushan Infosys files counterclaim against former CFO- After
submitting an application to resolve its former chief financial officer Rajiv
Bansal’s severance pay issue, Infosys has filed a counter-suit for Rs100 crore,
alleging that he did not fulfil his obligations and breached trust.
·
Adani Transmission bags Rajasthan project, Adani Transmission
said it has received a letter of intent from PFC Consulting Ltd, an arm of
Power Finance Corporation, to construct, own, operate and maintain an
inter-state transmission project in Rajasthan.
·
Fortis Healthcare founders Malvinder Mohan Singh and Shivinder
Mohan Singh said they are trying to get Fortis Healthcare back on track even as
they relinquished their board positions.
Trend in FII flows: The FIIs were Net Value
of Rs -2335.34 the cash segment Thursday while the DIIs were Net
Value of Rs 1059.42 as per the provisional figures.
Securities in Ban For Trade Date 23-FEB-2018:
NILL..
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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