Markets set to open on a
positive note as global equities surge;
Indian Indices:
Asian markets opened in green. Stocks rose as prospects of easing political tensions in Korean peninsula sparked gains. Overnight, the US stocks closed higher. S&P 500 at 2,738 points is up 0.45%.
Global Market:
2.DHFL
Indian Indices:
Asian markets opened in green. Stocks rose as prospects of easing political tensions in Korean peninsula sparked gains. Overnight, the US stocks closed higher. S&P 500 at 2,738 points is up 0.45%.
SGX Nifty is indicating a gap up opening for the Indian markets. Indian markets are expected to continue the positive momentum witnessed in the last session as geopolitical tension recedes, as North Korea offers to halt nuclear testing and news of potential US tarif exemptions.The domestic equity benchmark indices are likely to witness a positive opening today tracking gains in Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues bullish trend in the SGX Nifty Index Futures for March delivery, which was trading at 10,279.00,
up by 41 points or 0.40%, at 11:12 AM Singapore time, also signaled a positive opening for the domestic equity bourses.
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| Capitalstars financial research pvt. ltd. |
·
Asian markets are trading in the green at
present. Nikkei is currently up 0.61 %, Hang Seng is trading 0.66% higher,
while Shanghai Composite is trading flat down 0.05%.
· US Markets:
Stocks
witnessed a volatile trading session before finally managing to end the session
in the green. The Dow rose 0.4 % to 24,895.21, S&P 500 inched 0.5% to
2,738.97, while the Nasdaq closed 0.4% higher at 7427, up for the 5th
consecutive session. The choppy trading seen for much of the day came as
traders looked ahead to the release of the Labor Department's closely watched
monthly jobs report on Friday..
· European
markets also closed in the green yesterday with the FTSE closing 0.63% higher,
CAC ended 1.26% higher while DAX inched 0.89% higher.
Major Headlines of the day:
·
Direct tax collections surge 19.5% in April-February- Net direct
tax collection in the April-February period of 2017-18 showed a robust 19.5%
growth from the year-ago period to Rs7.44 trillion as a result of the
government’s push to widen the tax base and boost revenue.
·
PNB seeks provisioning relief from Reserve Bank- Punjab National
Bank (PNB) has requested the Reserve Bank of India to allow it to provide for
losses in the Nirav Modi-Gitanjali Gems scam over four quarters instead of at
one go as it expects to recover portion of the loaned funds.
·
HDFC revises CAMS stake sale deal with Warburg Pincus- HDFC Ltd
has revised its stake sale plan in Computer Age Management Services Pvt. Ltd
(CAMS) to Warburg Pincus and will now sell only 5.1% of holdings to the latter,
HDFC said in a stock exchange filing.
Trend in FII flows: The FIIs were Net Value
of Rs -364.80 the cash segment Thursday while the DIIs were Net
Value of Rs 675.26 as per the provisional figures.
Securities in Ban For Trade Date 09-MAR-2018:
1.BALRAMCHIN
3.HDIL
4.IDBI
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