Market opens lower; Sensex down by 137 pts;

Market opens lower; Sensex down by 137 pts;

Indian Indices:

Benchmark indices end lower, midcaps outperform. The market failed to hold on to any recovery on Thursday as benchmark indices extended selling pressure in late trade and fell half a percent each despite recovery in Asian peers and positive trade in Europe.   

SGX Nifty is trading at 10323 down by 40 Points. The Dow Jones industrial average rose on Thursday, but the S&P 500 and Nasdaq composite closed lower as investors assessed the possibility of a trade war. Asian markets were on firm footing on the last day of the trading week as investors digested overnight developments related to global trade and an ongoing Russia investigation. The dollar firmed and stock indexes stateside closed mixed in the last session.

Capitalstars financial research pvt. ltd.

Global Market:
·       Asian markets are trading in the flat at present. Nikkei is currently down 0.25%, Hang Seng is trading 0.25% lower, while Shanghai Composite is trading up 0.28%.

·       US Markets: Stocks witnessed a volatile trading session and ended on a mixed note. Dow climbed 0.5% to 24,873.6, the Nasdaq dipped 0.2% to 7,418.7, while the S&P 500 edged 0.1% lower closing at 2,747.3.

·       European markets closed in the green yesterday with the FTSE closing 0.10% higher, CAC ended 0.64% higher, while DAX ended up 0.84%.

Major Headlines of the day:

·       JSW Steel, a part of the O.P. Jindal Group, on Wednesday said that its monthly crude steel production grew 5 per cent year­on­year 
to 1.33 billion tonnes in February 2018. “The company’s crude steel production stood at 1.26 billion tonnes in February 2017,” 
JSW Steel said in a filing to the Bombay Stock Exchange 540025 218.2

·       Ujjivan Small Finance Bank has launched 39 Unbanked Rural Centres (URCs) in the eastern states of West Bengal, Assam, Bihar, 
Jharkhand, Tripura and Orissa.

·       Corporate India announced merger and acquisition (M&A) deals worth USD 1,893 million in February this year, registering a 40 per cent increase in value terms 
over the year ago period driven by big ticket transactions.

Trend in FII flows:  The FIIs were Net Value of Rs -705.40 the cash segment Thursday  while the DIIs were Net Value of Rs 256.45 as per the provisional figures.

Securities in Ban For Trade Date 16-MAR-2018:


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