The Indian equity benchmark indices to the Market
Indian Indices:
The Indian equity benchmark indices are likely to open on a flat note today tracking mixed cues from other Asian peers. The Asian markets have opened on a mixed note after an overnight rally in US stocks after speech by China’s President Xi Jinping helped ease fears over a US-China trade row.
Chinese President pledged to lower curbs on foreign ownership. Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 10,443, up by 7.50 point or 0.0, at 11:26 AM Singapore time, signalled a flat to higher opening for the domestic bourses.
Capitalstars financial research pvt ltd |
Global Market:
• Major Asian stocks were mixed in early Wednesday trade after an overnight advance in global markets as recent trade fears waned.
• US Markets: rallied on Tuesday as Wall Street breathed a sigh of relief after China’s president said he would work to “open” the country’s economy, easing trade war fears.
• European markets ended in the green yesterday with the FTSE closing 0.99% higher, CAC ended up 0.83% while the DAX ended 1.09% higher.
Major Headlines of the day:
• HPCL, BPCL, IOC, ONGC in focus as Brent crude oil prices cross USD 70 a barrel.
• Blue Star proposed plan to set up new unit in J&K is now cancelled due to non-availability of fiscal incentives
• Infosys enters into strategic co-creation partnership with Calix to develop new capabilities on AXOS Platform
• Lemon Tree Hotels' subsidiary signed management contract with Laila Hotels for 120room hotel in Vijayawada
• Zee Entertainment's 26.42 percent stake in M/s Aplab Ltd is now classified as promoter holding under shareholding pattern of Aplab Ltd.
Trend in FII flows:
The FIIs were Net Value of Rs -684.99 the cash segment Tuesday while the DIIs were Net Value of Rs 653.65 as per the provisional figures.
Securities in Ban For Trade Date 11-APR-2018:
1.BALRAMCHIN
2.JETAIRWAYS
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