The equity benchmark indices are likely to witness a flat to positive opening

The  equity benchmark indices are likely to witness a flat to positive opening



Indian Indices:                                SGX Nifty is indicating a marginally positive opening for the Indian markets. Indian sdmarkets are expected to trade range bound with a positive bias in today’s session. In stock specific news, Vedanta plans to raise Rs4,500cr via NCDs. According to media reports, Larsen & Toubro is set to win EPC for a new dry dock in Kochi.
Tracking modest gains in Nifty futures on the Singapore Stock Exchange and positive trend across Asian peers. modest gains in SGX Nifty Index Futures for March delivery, which was trading at 10,177.50, up by 19.50 points or 0.19, at 11:30 AM Singapore time, also signaled a flat to positive opening for the domestic equity bourses. Dalal Street investors will react to Goldman Sachs’ forecast for India's economy on Tuesday where it downgrades its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6% from 8% earlier in the wake of recent fraud at Punjab National Bank. It warned that this would constrain credit growth.



Global Market:
·       Major Asian markets are trading in the green at present Nikkei is up 0.48%, Hang Seng is up 0.32%, while Shanghai Composite is trading marginally lower, down 0.21%.

·       US Stocks witnessed a volatile trading session before ending the session marginally in the red. The Dow edged down 0.2% to 24,682.31, the Nasdaq dipped 0.3% to 7,345.29 and the S&P 500 ended 0.2% lower at 2,711.93. The lower close on Wall Street came after the Federal Reserve announced its widely anticipated decision to raise interest rates by 25 basis points from 1.5% to 1.75%. Fed reiterated its plan to raise interest rates gradually. The central bank continues to project three rate hikes in 2018.


·       European markets ended mixed yesterday with FTSE closing 0.32% lower, CAC dipped 0.24%, while DAX ended up 0.01 %.

Major Headlines of the day:


·        UltraTech Cement: The firm’s MD says we were not told about potentially suspect transactions.
·        Jaiprakash Associates: The Supreme Court has asked the firm to deposit Rs 200 crore by May 10
·        Reliance Communications: The firm has received bondholders’ approval for asset monetization plan.
·        Arvind: Adient India and the company have formed joint venture to make automotive fabric in India.
·        NMDC - Coal handling system charged to pave way for commissioning of coke oven battery at Nagarnar steel plant

Trend in FII flows:            
                                                     The FIIs were Net Value of Rs 98.44 the cash segment Wednesday  while the DIIs were Net Value of Rs 197.78 as per the provisional figures.


Securities in Ban For Trade Date 22-MAR-2018:

1.HDIL
2.IDBI
3.IFCI
4.JINDALSTEL
5.JPASSOCIAT
6.RCOM
7.SAIL


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