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Wednesday, September 21, 2016

Markets may rise on positive global cues

stock tips

Indian Indices:

Indian markets seen opening higher on strong cues from Asian and US markets. SGX Nifty is trading 78.50 points higher.

Data released by RBI on September 21, 2016, showed that India's current account deficit (CAD) narrowed to $0.3 billion or 0.1% of GDP in Q1 June 2016.

Indian shares pared early gains to end nearly flat on Wednesday, as investors remained cautious ahead of the U.S. Federal Reserve policy decision due later in the day.

On Wednesday (September 21, 2016), BSE SENSEX closed at 28507.42, down by 15.78 points or by 0.06%, and the NSE Nifty settled at 8777.15, rose by 1.25 points or by 0.01%.
Global Market:

Global Market:

Asian shares surged on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, slugging the dollar and lifting commodity prices.

US stocks rallied Wednesday, with the Nasdaq Composite closing at a record, after the Federal Reserve opted to keep interest rates unchanged as it sought further evidence of economic strength.

European shares hit a one-week high on Wednesday before the outcome of a Fed meeting, with banks rallying after a policy overhaul at the Bank of Japan lifted risky assets globally.

Major Headlines of the day:
Jet Airways plans to restart US flights
Jaguar launches new XF at Rs49.5 lakh
Nestle seeks SC nod to destroy 550 tonnes of Maggi Noodles

Trend in FII flows:The FIIs were net buyers of Rs 183.85 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs -230.59 Cr, as per the provisional figures.

STOCKS IN BAN PERIOD: JINDALSTEEL, CENTURYTEX, HDIL, KSCL, IBREALEST, RELCAPITAL, WOCKPHARMA.

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