Market opens higher;
Sensex up by 263 pts;
Indian Indices:
SGX Nifty is trading up by 113 points @ 10,326. On Friday, the index opened at 10,271 and rose marginally to hit an Intraday high of 10,296. But bears soon took control and pushed the index towards 10,200 to hit an Intraday low of 10,211. It closed 15 points lower at 10,226.85.CPI data YOY to be announced today at 5.30 PM estimates of 4.74% • IIP data YOY to be announced today at 5.30 PM estimates of 6.4%.
SGX Nifty indicating a gap up opening for the Indian markets. Indian markets are expected surge higher in today’s trade in line with global equities. The global markets gained on the back of strong economic data release in the US markets and declining geopolitical concerns between North Korea and the US.
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Global Market:
·
US Stocks surged on Friday ,to a record, after
February jobs growth far exceeded expectations. The U.S. economy added 313,000
jobs in February, against an expectation of 200,000.
· Asian
markets rose in early trade, tracking gains on the release of jobs data.
· European
markets also closed in the green on Friday with the FTSE closing 0.29% higher,
CAC ended 0.38% higher while DAX ended flat down 0.07%.
Major Headlines of the day:
·
ONGC Is planning to sell some stake in its petrochemicals unit
ONGC Petro additions Ltd (OPAL) to a strategic investor as an option to repay
some portion of debt taken to finance purchase of government’s stake in HPCL.
·
Tata Motors group global wholesales for the month stood at
121,252 units up by 18% YoY. The numbers are marginally ahead of Sharekhan
estimates.
·
Power Grid has been declared as the successful bidder under
Tariff based competitive bidding to establish transmission system for
‘Inter-Regional Corridor' on build, own operate and maintain basis.
Trend in FII flows: The FIIs were Net Value
of Rs 550.36 the cash segment FRIDAY while the DIIs were Net
Value of Rs -65 as per the provisional figures.
Securities in Ban For Trade Date 12-MAR-2018:
1.BALRAMCHIN
2.DHFL
3.IDBI
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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