Markets set to open lower as US bond yields soar higher;
Indian Indices:
SGX Nifty is currently trading in the red down 64 points at 10,555. Indian equities could trade with a negative bias as profit booking on account of April F&O expiry settlements along with plunging global markets could weigh in.
Benchmark indices were higher in pre-opening trade despite global weakness, with the Sensex rising 112.63 points to 34,729.27 and the Nifty climbing 1.90 points to 10,616.30. A gauge of world stocks tumbled on Tuesday, erasing early gains as US bond yields scaled the 3 percent threshold for the first time in four years, while oil prices reversed course after climbing above the USD 75 per barrel mark, said a Reuters report.
Global Market:
• Major Asian markets are trading mixed, Nikkei is down 0.85%, Hang Seng is down 1.2% while Shanghai Composite is trading 0.43% lower.
• US Markets: Stocks witnessed a big correction is yesterday’s session. The Dow Jones fell 1.74% to 24,024, while the Nasdaq slipped 1.75% to 7,007 as 10-year US Treasury yield continued to surge higher, breaching its important psychological level of 3% during the trade.
• European markets ended higher with FTSE closing 0.36% higher, CAC ended up 0.1% while the DAX ended 0.17% lower.
Major Headlines of the day:
• State Bank of India: The bank will issue & encash electoral bonds through its 11 authorised branches from May 1-10.
• REI Agro, SBI, UCO Bank, Bank of Baroda - REI Agro to give Rs 10,800 crore jolt to bankers: DNA
• Burmans of Dabur increase stake in Religare Enterprises to 9.9 percent: ET
• ICICI Bank drops plan to sell housing finance Unit: BS
• Tata Steel may dispute Liberty’s Bhushan bid: ET
• Fortis Healthcare: IHH has submitted binding bids for Fortis and has proposed to inject Rs 650 crore at Rs 160 per share.
Trend in FII flows: The FIIs were Net Value of Rs 681 the cash segment Tuesday while the DIIs were Net Value of Rs 509 as per the provisional figures.
TODAY ON EARNING FRONT:- GHCL, IBREALEST, M&MFIN, ULTRACEMCO, WIPRO, STERTECH, ICICI LOMBARD, BAJAJ CORP, KSB PUMP.
Securities in Ban For Trade Date 25-APR-2018:
1.BALRAMCHIN
2.DHFL
3.GMRINFRA
4.WOCKPHARM
Indian Indices:
SGX Nifty is currently trading in the red down 64 points at 10,555. Indian equities could trade with a negative bias as profit booking on account of April F&O expiry settlements along with plunging global markets could weigh in.
Benchmark indices were higher in pre-opening trade despite global weakness, with the Sensex rising 112.63 points to 34,729.27 and the Nifty climbing 1.90 points to 10,616.30. A gauge of world stocks tumbled on Tuesday, erasing early gains as US bond yields scaled the 3 percent threshold for the first time in four years, while oil prices reversed course after climbing above the USD 75 per barrel mark, said a Reuters report.
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Global Market:
• Major Asian markets are trading mixed, Nikkei is down 0.85%, Hang Seng is down 1.2% while Shanghai Composite is trading 0.43% lower.
• US Markets: Stocks witnessed a big correction is yesterday’s session. The Dow Jones fell 1.74% to 24,024, while the Nasdaq slipped 1.75% to 7,007 as 10-year US Treasury yield continued to surge higher, breaching its important psychological level of 3% during the trade.
• European markets ended higher with FTSE closing 0.36% higher, CAC ended up 0.1% while the DAX ended 0.17% lower.
Major Headlines of the day:
• State Bank of India: The bank will issue & encash electoral bonds through its 11 authorised branches from May 1-10.
• REI Agro, SBI, UCO Bank, Bank of Baroda - REI Agro to give Rs 10,800 crore jolt to bankers: DNA
• Burmans of Dabur increase stake in Religare Enterprises to 9.9 percent: ET
• ICICI Bank drops plan to sell housing finance Unit: BS
• Tata Steel may dispute Liberty’s Bhushan bid: ET
• Fortis Healthcare: IHH has submitted binding bids for Fortis and has proposed to inject Rs 650 crore at Rs 160 per share.
Trend in FII flows: The FIIs were Net Value of Rs 681 the cash segment Tuesday while the DIIs were Net Value of Rs 509 as per the provisional figures.
TODAY ON EARNING FRONT:- GHCL, IBREALEST, M&MFIN, ULTRACEMCO, WIPRO, STERTECH, ICICI LOMBARD, BAJAJ CORP, KSB PUMP.
Securities in Ban For Trade Date 25-APR-2018:
1.BALRAMCHIN
2.DHFL
3.GMRINFRA
4.WOCKPHARM
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www.capitalstars.com |T:+91-9977499927 , 07316690000
Get free trial Click here: http://www.capitalstars.com/free-trial
www.capitalstars.com |T:+91-9977499927 , 07316690000
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