Nifty open gap down; may retest 10,700 levels,: ITC, HDFC Bank, Tata Motors, Dr Reddy's Lab in news


Indian Indices:
            
                      The Nifty50 is likely to see a gap down opening on Friday weighed down by muted trend seen in other Asian markets. The Nifty50 closed 83 points lower at 10,768 levels. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.45 percent. Nifty futures were trading around 10,724- level on the Singaporean Exchange. The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally while investors turned to safer bets as they kept an eye on global trade tensions and waited for US and European central bank meetings.

Global Market:

Asian markets- Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.15% while the Hang Seng is down 1.30%. The Nikkei 225 is not trading.

US Markets: The Dow Jones Industrial Average fell 54.95 points, or 0.22 percent, to 24,713.98, the S&P 500 lost 2.33 points, or 0.09 percent, to 2,720.13 and the Nasdaq Composite dropped 15.82 points, or 0.21 percent, to 7,382.47.

European markets- European markets finished lower today with shares in France leading the region. The CAC 40 is down 0.17% while Germany's DAX is off 0.15% and London's FTSE 100 is lower by 0.10%.


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Major Headlines of the day:


HDFC Bank raises MCLR across tenors by 10 bps.

Tata Motors proposes to raise up to USD 500 mn via ECB.

Dr. Reddy's expects to launch generic Copaxone in H1 FY20 in US

Indian Bank revised the marginal cost of funds based lending rates (MCLRs) with effect from              June 11, 2018

Time Technoplast receives order worth Rs 40 crore

PTC India: Sutirtha Bhattacharya appointed as the Independent Director on the Board

ITC acquires Nimyle floor cleaner, forays into home care space

Capital First debenture committee allots NCD worth Rs 100cr on private placement basis.


Trend in FII flows:-  The FIIs were Net Value of Rs  -525.40 in the cash segment THURSDAY while the DIIs were Net Value of Rs +1197.89 as per the provisional figures.

Securities in Ban For Trade Date 08-JUNE-2018 :-

1. DHFL
2. BALRAMPUR CHINI

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