Nifty consolidates, Midcap continues to underperform;

Capitalstars financial research

Indian Indices: 
                                           Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 30 points or 0.28 percent. Nifty futures were trading around 10,645-level on the Singaporean Exchange.Shares of Aditya Birla Capital rose 2 percent intraday as research firm Credit Suisse has maintained outperform rating with a target at Rs 175 per share.The research house has remained positive given its good growth potential and improving profitability across business.The company management expects benefits of opex leverage is playing out and targeting 16-18 percent RoE.

Global Market:

• Asian markets- Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.22% while the Hang Seng is up 0.50%. The Nikkei 225 is not trading.

• US Markets: Stocks end decisively lower as major tech and internet names sell off; indexes close at lowest level of June.

• European markets: European markets finished broadly higher today with shares in London  leading the region. The FTSE 100 is up 1.11% while Germany's DAX is up 0.93% and France's CAC 40 is up 0.87%.

Major Headlines of the day:

• BSE SME aims to list 300 firms on its platform by December

• Asian shares flirt with 9-month low on mounting trade war fears

• Wall Street tumbles on renewed US-China trade jitters

• The Nifty slipped below its crucial support placed at the 10,700 level in Wednesday’s trading session where it hit an intraday low of 10,652.40 and then bounced back to marginally close above its 50-day exponential moving average (EMA)  placed around 10,670.

Trend in FII flows:-  The FIIs were Net Value of Rs  67.44 in the cash segment while the DIIs were Net Value of Rs 84.31as per the provisional figures.

Securities in Ban For Trade Date 28-JUNE-2018 :-

1. DHFL
2. Infibeam
3. JP Associat
4. Wockpharma &
5. Jisljaleqs

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