Sensex
falls 200 pts, Nifty breaks 10,400 despite BJP wins Tripura
Indian Indices:
SGX Nifty indicating a gap down opening for the Indian markets.
Indian markets are expected to witness selling pressure in line with global
equities.
Benchmark indices started off the week on a negative note despite
BJP won Tripura elections, weighed by weak Asian cues and import tariffs on
steel & aluminum in the US. The 30-share BSE Sensex was down 193.88 points
at 33,853.06 and the 50-share share NSE Nifty fell 66.10 points to 10,392.30.
Shares of Laurus Labs advanced 3 percent as the company has received
Form 483 with zero observations for Unit 2.
 |
| Capitalstars financial research pvt ltd |
Global Market:
·
US stocks closed well off session lows on
Friday, helped by a sharp rise in health care shares.
· Asian
markets edged lower and the euro slipped early on Monday. Meanwhile, Wall
Street finished mostly higher in the last session as markets continued to focus
on recently announced metals tariffs.
· European
markets closed deep in the red on Friday with the FTSE closing 1.50% lower, CAC
ended 2.45% lower with the DAX dropping 2.33%.
Major Headlines of the day:
·
HDFC Bank seeks to raise $2.5 billion via share sale- Private
sector lender HDFC Bank Ltd is looking to launch its equity share sale of up to
$2.5 billion (around Rs15,000 crore) in a fortnight, while HDFC Asset
Management Co. Ltd (HDFC AMC) will be filing its draft initial public offer
(IPO) papers
·
Adani Gas plans direct listing of shares- Adani Gas Ltd, the gas
distribution business of Adani Group, is planning to go for a direct listing of
shares instead of an initial public offering.
·
Tata Motors is now less vulnerable to unpleasant shocks: Guenter
Butschek, the 57-year-old managing director of Tata Motors Ltd, has steered the
company’s India operations to a profit for the first time in five quarters. But
the bigger task that Butschek claims he has achieved is making the company less
vulnerable to unpleasant shocks
Trend in FII flows:
The FIIs were Net Value
of Rs 241.85 the cash segment Thursday while the DIIs were Net
Value of Rs -3.29 as per the provisional figures.
Securities in Ban For Trade Date 05-MAR-2018:
1.FORTIS
2.HDIL
3.IDBI
4.ORIENTBANK
For more update you can contact us :
www.capitalstars.com |T:+91-9977499927
www.capitalstars.com |T:+91-9977499927
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