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Indian Indices:
Equities are off their high points on the back of some selling in the non banking financial companies and some names in the pharmaceutical space.
The Sensex is up 255.10 points or 0.73% at 35417.58, while the Nifty is higher by 69.30 points or 0.65% at 10654.10. The market breadth is positive as 1,152 shares advanced, against a decline of 400 shares, while 1,965 shares were unchanged.
Automobile stocks have lost some sheen, while banks, consumption and IT space continue to rise higher. Midcaps have witnessed some selling as well.
Global Market:
• Asian markets: Japanese shares are higher today as the Nikkei 225 gains 1.59%. The stock markets in Hong Kong and Shanghai are closed at this time.
• US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 2.83% while U.S.'s S&P 500 is up 2.15% and Mexico's IPC is up 0.95%.
• European markets: European markets finished broadly higher today with shares in France leading the region. The CAC 40 is up 1.53% while Germany's DAX is up 1.40% and London's FTSE 100 is up 0.43%.
Major Headlines of the day:
• Infosys Q2 FY19 review: Steady execution; an ideal long term buy
• Indian rupee opens at 2-week high
• Results to be announced Today: ACC, MINDTREE and MPHASIS
Trend in FII flows:- The FIIs were Net Value of Rs -1165.63 cash segment while the DIIs were Net Value of 1059.44 per the provisional figures.
Securities in Ban For Trade Date 17-OCTOBER-2018
1. ADANIPOWER
2. IDBI
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