 |
| Capitalstars Financial Research Pvt. Ltd. |
Indian Indices:
MCX rallied nearly 3 percent on Wednesday after the market regulator, Sebi, said that it would soon come out with revised KYC norms for foreign investors and also overseas entities to trade in commodity derivative market.
With regard to the regulatory framework for permitting foreign entities, having actual exposure to Indian commodity market, to participate in the domestic commodity derivative market, Sebi said that such entities would be classified as Eligible Foreign Entities (EFEs).
Reacting to the new rules, domestic brokerage firms, Motilal Oswal maintains a buy on MCX and with a target price of Rs 1000, which translates into an upside of about 27 percent from current levels.
Global Market:
• Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1.52% while the Hang Seng is up 1.17%. The Shanghai Composite is not trading.
• US Markets: The stock market may be getting it wrong by rallying in the face of new U.S.-Chinese tariffs.
• European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.51% and the CAC 40 rose 0.28%. The FTSE 100 lost 0.03%.
Major Headlines of the day:
• Indian rupee opens higher by 27 paise at 72.71 per dollar
• SEBI lowers IPO listing timeline to T+3 from current T+6
Trend in FII flows:- The FIIs were Net Value of Rs -1143.73 cash segment while the DIIs were Net Value of 264.66 per the provisional figures.
Securities in Ban For Trade Date 19-SEPTEMBER-2018
1.Adanient
2.Balramchin
for more update you can contact us :
CapitalStars Financial Research Forex trading tips stock market tips Share Tips Expert
Get free trial Click here: http://www.capitalstars.com/free-trial
www.capitalstars.com |T:+91-9977499927
No comments:
Post a Comment