Thursday, October 20, 2016

Markets may trade lower; Wipro Q2 in focus

Stock Tips

Indian Indices:

Indian equity benchmarks are likely to witness a negative opening on Friday amid flattish trade in most markets across Asia and a bearish finish at Wall Street overnight. SGX Nifty is trading 9.50 points lower.

Meanwhile, shares of RIL may witness some upward movement after the company in after-market hours on Thursday

Indian shares ended higher on Thursday, tracking Asian peers, with financial stocks such as ICICI Bank Ltd contributing most to the gains on the indexes.s. The S&P BSE Sensex and CNX Nifty dipped 0.52%-0.47% each

On Thursday (October 20, 2016), S&P Sensex closed at 28129.84 levels, gained 145.47 points or 0.52% while Nifty index rose 40.30 points, or 0.47%, to close at 8699.40 levels.

Global Market:

Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs against a basket of currencies and dragged down crude oil prices, cooling investor risk appetite.

U.S. stocks closed lower Thursday, but off session lows, as a sharp drop in oil and telecommunications shares weighed on investors’ sentiment.

European shares rose on Thursday to their highest level in two weeks, helped by weakness in the euro and further boosted by a rally in bank sector stocks.

Major Headlines of the day:
Major Headlines of the day:
RIL surprises with Rs 7,704-cr net profit
Ashok Leyland bags Rs 1,140-cr worth order from Tanzania
HCL Tech Q2 net beats estimates, dollar revenue at USD 1722 mn

Trend in FII flows:The FIIs were net buyers of Rs 7.3 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs 583.22 Cr, as per the provisional figures.


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