Sensex rises 100 pts,
Nifty above 10,550 in opening; PSU Bank index down 1%;
Indian Indices:
The Indian equity benchmark indices are likely to open on a positive note today tracking firm Nifty futures on the Singapore Stock Exchange
and positive cues from global peers.Bullish trend in the SGX Nifty Index Futures for February delivery, which was trading at 10,547.50, up by 82 points or 0.78%, at 11:22 AM. Singapore time, also signaled a positive opening for the domestic equity bourses.
On the macro front, focus will be on inflation based on wholesale price index (WPI) for January 2018 due to be released by the government today, 14 February 2018. The banking stocks will remain in focus as the Reserve Bank of India has scrapped various loan restructuring programmers, which may affecting bank’s profitability.
On the Earning front
Ø Stock focus will be on : Sun Pharma, Allahabad Bank, Balkrishna Industries, Grasim Industries, Nestle India, Apollo Hospitals, Cox & Kings, Dena Bank and Jet Airways, among others will remain in focus as they will announce their third quarter earnings today.
On the Corporate front
Ø CRISIL reported standalone net profit of Rs 64.22 crore for the quarter ended December 31, 2017 as compared to Rs 77.80 crore in
the same period last year, registering a yearonyear decline of 17.46 percent.
Ø Shipping Corpn. reported standalone net profit of Rs 82.17 crore for the quarter ended December 31, 2017 as compared to Rs 7.25
crore in the same period last year, registering a yearonyear growth of 1033.38 per cent
PREVIOUS DAY ROUNDUP (DOMESTIC)
Ø The Indian benchmark indices ended higher on Monday, tracking firm cues from Asian peers, on buying by domestic funds ahead of
inflation data to be released after market hours today.
Global Market:
·
Major Asian markets are trading in the mixed, at
present Shanghai Composite is trading 0.19 % lower while Hang Sang is trading
up 0.62%. Nikkei is trading down 0.81%.
·
US Markets: Wall Street managed to end
yesterday’s session in the green after witnessing weakness in the initial half
of the session.
·
European markets closed in the red yesterday
with FTSE down 0.13%, CAX was down 0.62% and DAX closed 0.71% lower.
Major Headlines of the day:
·
The Reserve Bank of India today came out with a revised framework for expeditious resolution of bad loans, harmonising the
existing guidelines with the norms specified in the Insolvency and Bankruptcy Code (IBC).
·
Union minister Piyush Goyal has said that the country's economic growth is likely to cross 7.5 per cent in the next fiscal.
Commenting on the issue, Union minister Piyush Goyal told the media, "I believe we will close this year upwards of 6.7 per cent.
·
Motherson Sumi Systems will remain in focus as the company reported a consolidated net profit at Rs 561.7 crore for the quarter
ended December 31, 2017, a 2.63 per cent increase from the corresponding period of last financial year’s net profit.
Trend in FII flows: The FIIs were Net Value
of Rs -814.11 the cash segment Monday while the DIIs were Net
Value of Rs 1342. as per the provisional figures.
Securities in Ban For Trade Date 14-FEB-2018:
1.BALRAMCHIN
2.DISHTV
3.GMRINFRA
4.HDIL
5.JPASSOCIAT
