The Indian equity market is likely to open on a flat to positive note
0.19, at 11:30 AM Singapore time, also signaled a flat to positive opening for the domestic equity bourses. Dalal Street investors will react to Goldman Sachs’ forecast for India's economy on Tuesday where it downgrades its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6% from 8% earlier in the wake of recent fraud at Punjab National Bank. It warned that this would constrain credit growth.
Indian Indices: SGX
Nifty is indicating a marginally positive opening for the Indian markets.
Indian markets are expected to trade range bound with a positive bias in
today’s session. In stock specific news, Vedanta plans to raise Rs4,500cr via
NCDs. According to media reports, Larsen & Toubro is set to win EPC for a
new dry dock in Kochi.
Tracking modest gains in Nifty futures on the Singapore Stock Exchange and positive trend across Asian peers. modest gains in SGX Nifty Index Futures for March delivery, which was trading at 10,177.50, up by 19.50 points or
Global Market:
· Major Asian markets are trading in the green at
present barring Nikkei, which is currently down 0.47%, Hang Seng is up 1.17%
while Shanghai Composite is up 0.58%.
· US Stocks
staged a comeback in yesterday’s session after the steep fall witnessed on Monday.
The recovery was mainly led by strong gains in energy stocks. The Dow Jones
advanced 0.5% to 24730, S&P 500 was up 0.2% closing at 2717, while the
Nasdaq surged 0.3% ending the session at 7364. Traders also waited on the
sidelines, as the Fed began its two-day monetary policy; it will make its
interest rate announcement today.
· European
markets also ended in the green yesterday with FTSE closing 0.26% higher, CAC
ended 0.56% higher, while DAX ended up 0.73% .
Major Headlines of the day:
·
Grounded IndiGo jets to get spare engines from Pratt &
Whitney- Pratt & Whitney will provide spare engines within 40 days to
get all grounded Airbus SE
A320neo aircraft at IndiGo, with the first delivery scheduled for Wednesday.
·
SBI seeks Supreme Court nod for RCom asset sale- State Bank of
India (SBI) on Tuesday approached the Supreme Court to seek approval for the
sale of Reliance Communications Ltd’s (RCom) assets to Reliance Jio Infocomm
Ltd.
·
GSPC to sell 28.4% stake in Gujarat Gas to subsidiary GSPL-
Gujarat State Petroleum Corp. Ltd (GSPC) has decided to sell a 28.4% stake in
Gujarat Gas Ltd, its city gas distribution business, to its subsidiary Gujarat
State Petronet Ltd (GSPL). Read more
Trend in FII flows: The FIIs were Net Value
of Rs 344.16 the cash segment Tuesday while the DIIs were Net
Value of Rs 731.17 as per the provisional figures.
Securities in Ban For Trade Date 21-MAR-2018:
1.DHFL
2.HDIL
3.IDBI
4.IFCI
5.JINDALSTEL
6.JPASSOCIAT
7.RCOM
8.SAIL
