Markets open on a flat
note:-
Indian Indices:
SGX Nifty is indicating a flat opening for the Indian markets.
Indian markets are expected to trade range bound with a negative bias, in-line
with Asian markets. In stock specific news, TCS issued press release for
extension of the partnership with Virgin Atlantic Airlines for 5 years. Zee
Entertainment to make redemption (20%) of listed bonus preference shares.
The domestic equity benchmark indices are likely to witness a flat to negative opening today tracking muted trend in Nifty futures on the Singapore stock exchange and mixed global cues.
 |
| Capitalstars financial research pvt.ltd. |
Flat SGX Nifty Index Futures for March delivery, which were trading at 10,230, down by just 1.50 points, at 11:08 AM Singapore time, signalled a soft opening for the domestic equity bourses.
Global Market:
·
Asian markets drop on trade war concerns, Stocks
fell in the morning trade as global trade war concerns intensified after the
resignation of White House economic adviser Gary Cohn, reports Bloomberg.
Overnight, the US stocks closed slightly higher. S&P 500 at 2,728 points is
up 0.26%.
· US Markets:
Stocks witnessed a choppy trading session before ending the day marginally in
the green. The Dow inched less than a tenth of a percent to 24,884.12, the
Nasdaq climbed 0.6% to 7,372.01 and the S&P 500 rose 0.3% to 2,728.12. The
choppy trading on the day was partly attributed to concerns about President
Donald Trump's top economic advisor Gary Cohn resigning due to the difference
in views regarding import tariffs.
· European
markets closed in the green yesterday with the FTSE closing 0.43% higher, CAC
ended 0.06% higher, while DAX inched 0.19 higher%.
Major Headlines of the day:
·
Torrent Pharma readies bid for Sanofi’s European unit-Torrent
Pharmaceuticals Ltd is readying a €2 billion (Rs16,000 crore) bid for Zentiva
N.V., the generic drugs unit of France’s Sanofi.
·
ITC sets sights higher for foods brand Aashirvaad - ITC Ltd has
set its sights higher for Aashirvaad, the company’s largest packaged food
brand. It has set an internal target of generating Rs10,000 crore from
Aashirvaad annually in five years.
·
Airtel acquires India leg of GBI submarine cable- Bharti Airtel
said it has acquired India leg of Gulf Bridge International submarine cable
which will boost its data carrying capacity.
Trend in FII flows: The FIIs were Net Value
of Rs 620.08 the cash segment Tuesday while the DIIs were Net
Value of Rs -734.33 as per the provisional figures.
Securities in Ban For Trade Date 07-MAR-2018:
1.DHFL
2.FORTIS
3.HDIL
4.IDBI
5.ORIENTBANK
For more update you can contact us :
www.capitalstars.com |T:+91-9977499927
www.capitalstars.com |T:+91-9977499927
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