Markets indicating a weak opening as trade wars escalate;

Markets indicating a weak opening as trade wars escalate;

Indian Indices:

SGX Nifty indicating a negative opening for the Indian market. SGX Nifty indicating a negative opening for the Indian markets.

Indian markets are expected to trade with a negative bias continuing the negative momentum witnessed in the previous week, as traders react to escalating trade war concerns between European Union and the US. In stock specific news, according to media reports IOC, BPCL may buy 26% stake each in GAIL. Zee Entertainment has decided to call off its acquisition of 9x Media and INX Music.

Capitastars research pvt. ltd.

Global Market:

·      Major Asian markets are trading in the red at present. Nikkei is currently down 0.87%, Hang Seng is trading flat up 0.08% higher, while Shanghai Composite is down 0.03%.

·       US Markets: Stocks ended marginally higher in Friday’s trading session. The Dow gained 0.3% to 24,946.51, S&P 500 edged up 0.2% to 2,751.01 while the tech-heavy Nasdaq ended flat up 0.25 points at 7481.

·       European markets closed in the green on Friday with the FTSE closing 0.34% higher, CAC ended 0.64% higher while DAX ended up 0.84%.

Major Headlines of the day:

·        IOC, BPCL may buy 26% stake each in GAIL- State-owned Indian Oil Corp. (IOC) and BPCL Ltd may buy 26% stake each in gas utility GAIL India Ltd, paying the government over Rs200 billion each to become integrated energy firms.

·        IndiGo grounds another plane- Less than a week after the aviation regulator grounded eleven A320neos aircraft of InterGlobe Aviation Ltd-run IndiGo airline over safety concerns, IndiGo withdrew another A320neo due to an engine problem.

·        M&M, Ford India may sign pact to work together- Mahindra & Mahindra (M&M) and Ford India are likely to formalize a memorandum of understanding that they signed six months ago and establish a partnership in the week to 10 days.

Trend in FII flows:   The FIIs were Net Value of Rs -150.46 the cash segment Fridaywhile the DIIs were Net Value of Rs -770.53 as per the provisional figures.

Securities in Ban For Trade Date 19-MAR-2018:

1.BANKINDIA

2.BEML

3.DHFL

4.HDIL

5.IDBI

6.JPASSOCIAT

7.SAIL

8.TV18BRDCST

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