Markets indicating a weak
opening ahead of March expiry;
Indian Indices:
SGX Nifty is currently trading in the red down 48 points. Indian markets are expected to be volatile in today’s session amid March expiry. In stock specific news, Hindustan Aeronautics is set to list on the dalal street today. Fortis board approves demerger of the hospitality business.
Indian equity market is likely to open lower today, tracking weak Nifty futures on the Singapore Stock Exchange and bearish trend across the Asian markets bearish trend in the SGX Nifty Index Futures for March delivery, which was trading at 10,142, down 68 points or 0.6, at 11:20 AM Singapore time, also signaled a negative opening for the domestic equity bourses. Volatility is likely to remain high in today’s trade ahead of expiry of futures and options contracts for the month of March today.
The domestic equity market is closed on Thursday and Friday for local holidays. Profit booking is likely in today’s session as this is the last trading day for the current financial year before the long term capital gains tax (LTCG) kicks in from April 2, 2018.Investors will also keep a close eye on the fiscal deficit data to be released later in the day.
Global Market:
• Major Asian markets are trading in the red at present Nikkei is down 1.80%, Hang Seng is down 1.03%, while Shanghai Composite is trading 0.62% lower.
• US Markets: Stocks witnessed a sharp selloff in the latter half of the session with Dow correcting 1.4% to 23,857.71, S&P 500 tumbled 1.7% to 2,612.62, while the tech-heavy Nasdaq slipped 2.9 percent to 7,008.81.
• European markets closed in the green yesterday with FTSE closing 1.59% higher, CAC ended up 0.97%% while DAX ended 1.53% higher.
Major Headlines of the day:
• JMC Projects secures new orders worth Rs 634 crore
• Dilip Buildcon incorporates new SPV to undertake six laning project in Andhra Pradesh
• Fortis board approves demerger of its hospital biz
• REC transfers transmission arm to PowerGrid
• KEC International's Saudi Arabia JV becomes its subsidiary
• Capital First to raise Rs 1,500-cr via bonds to fund business growth
• RIL arm sells assets in Eagle Ford shale for USD 100 mn.
Trend in FII flows: The FIIs were Net Value of Rs 1063.12 the cash segment Tuesday while the DIIs were Net Value of Rs 2172.91 as per the provisional figures.
Securities in Ban For Trade Date 28-MAR-2018:
1.BALRAMCHIN
2.GMRINFRA
3.IFCI
4.JPASSOCIAT
Indian Indices:
SGX Nifty is currently trading in the red down 48 points. Indian markets are expected to be volatile in today’s session amid March expiry. In stock specific news, Hindustan Aeronautics is set to list on the dalal street today. Fortis board approves demerger of the hospitality business.
Indian equity market is likely to open lower today, tracking weak Nifty futures on the Singapore Stock Exchange and bearish trend across the Asian markets bearish trend in the SGX Nifty Index Futures for March delivery, which was trading at 10,142, down 68 points or 0.6, at 11:20 AM Singapore time, also signaled a negative opening for the domestic equity bourses. Volatility is likely to remain high in today’s trade ahead of expiry of futures and options contracts for the month of March today.
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| Capitalstars financial research pvt ltd |
The domestic equity market is closed on Thursday and Friday for local holidays. Profit booking is likely in today’s session as this is the last trading day for the current financial year before the long term capital gains tax (LTCG) kicks in from April 2, 2018.Investors will also keep a close eye on the fiscal deficit data to be released later in the day.
Global Market:
• Major Asian markets are trading in the red at present Nikkei is down 1.80%, Hang Seng is down 1.03%, while Shanghai Composite is trading 0.62% lower.
• US Markets: Stocks witnessed a sharp selloff in the latter half of the session with Dow correcting 1.4% to 23,857.71, S&P 500 tumbled 1.7% to 2,612.62, while the tech-heavy Nasdaq slipped 2.9 percent to 7,008.81.
• European markets closed in the green yesterday with FTSE closing 1.59% higher, CAC ended up 0.97%% while DAX ended 1.53% higher.
Major Headlines of the day:
• JMC Projects secures new orders worth Rs 634 crore
• Dilip Buildcon incorporates new SPV to undertake six laning project in Andhra Pradesh
• Fortis board approves demerger of its hospital biz
• REC transfers transmission arm to PowerGrid
• KEC International's Saudi Arabia JV becomes its subsidiary
• Capital First to raise Rs 1,500-cr via bonds to fund business growth
• RIL arm sells assets in Eagle Ford shale for USD 100 mn.
Trend in FII flows: The FIIs were Net Value of Rs 1063.12 the cash segment Tuesday while the DIIs were Net Value of Rs 2172.91 as per the provisional figures.
Securities in Ban For Trade Date 28-MAR-2018:
1.BALRAMCHIN
2.GMRINFRA
3.IFCI
4.JPASSOCIAT
For more update you can contact us :
www.capitalstars.com |T:+91-9977499927
www.capitalstars.com |T:+91-9977499927
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