Markets
set to open in the green in line with Asian peers
Indian Indices:
SGX Nifty indicating a positive opening for the Indian markets.
Indian markets are expected to witness a bounce back in today’s trade after
witnessing 4 consecutive sessions of selling pressure. In stock
specific news, according to media reports JSW Steel signs MoU to acquire
Italy’s second largest steelmaker Aferpi. HDFC Bank hikes bulk deposits rates
up to 175bps. Asian markets gain in morning trade. Asian stocks rose in morning trade,
tracking gains in US equities, as concerns eased on US President Donald Trump’s
proposed tariffs. Overnight, US stocks closed higher. S&P 500 at 2,720
points is up 1.1%.
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| Capitalstars research pvt. ltd. |
Global Market:
·
Asian markets are trading in the green at
present. Nikkei is currently up 2.07 %, Hang Seng is trading 0.92% higher while
Shanghai Composite is trading marginally lower down 0.28%.
· US Markets:
Stocks recovered significantly after initially trading in the red. The Dow
jumped 1.4% to 24,874.76, the Nasdaq surged 1% to 7,330.70 and the S&P 500
gained 1.1% to 2,720.94.
· European
markets closed in the green yesterday with the FTSE closing 0.65% higher, CAC
ended 0.59% higher with surging 1.47%.
Major Headlines of the day:
·
Arbitration court bars RCom from selling assets- An arbitration
court has “restrained” Reliance Communications (RCom) from selling or
transferring assets without its permission, reports The Economic Times. The
order comes amid an arbitration battle between Ericsson and RCom over dues.
·
RIL’s non-core spending seen diluting return on capital-
Reliance Industries Ltd (RIL) has committed Rs1.3 trillion worth of investments
across five states in its non-energy businesses over the past two months,
stoking fears the return on capital employed may be diluted.
·
SC asks Unitech to submit details of unencumbered assets- The
Supreme Court has asked realtor Unitech Ltd to submit an affidavit giving
details of all its unencumbered properties in India and abroad. The development
comes amid proceedings about unfinished projects and refunds to buyers.
Trend in FII flows: The FIIs were Net Value
of Rs -366.60 the cash segment Monday while the DIIs were Net
Value of Rs -154.20 as per the provisional figures.
Securities in Ban For Trade Date 06-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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