Indian Indices:
Indian markets are likely to witness a gap down opening on Friday tracking a mixed trend across markets. SGX Nifty is trading 124.50 points lower.
Shares of Tata Steel, Andhra Bank, Bank of Baroda, Dhanlaxmi Bank, BPCL, Indian Overseas Bank, Jet Airways, M&M and Suzlon Energy will be in focus today as these companies reveal their September quarter earnings.
Investors will also keep watch on September IIP data today which may offer fresh cues over the health of Asia’s third biggest economy.
Indian markets share continued to maintain a firm trend with bank shares gaining the most after the demonetisation move by the government. The S&P BSE Sensex and CNX Nifty rose 0.97%-1.11% each
On Thursday (November 10, 2016), 30-share benchmark index closed trading at 27517.68, rose by 265.15 points or by 0.97%, and the NSE Nifty ended at 8525.75, gained by 93.75 points or by 1.11%.
Global Market:
Asian shares dipped while the dollar strengthened broadly on Friday as U.S. bond yields soared on expectations U.S. President-elect Donald Trump's policies would stoke inflation.
European shares ended slightly lower on Thursday as expectations of fiscal stimulus from U.S. President-elect Donald Trump boosted government bond yields, prompting losses among utilities which more than outweighed stronger financial stocks.
US banking sector shares on Thursday surged to levels not seen since the midst of the 2008 financial crisis, pushing the Dow to an all-time high, while technology shares sank as Wall Street rearranged its bets to benefit from Donald Trump's presidency.
Major Headlines of the day:
Biocon profit at Rs147 cr, revenue up 21%
Infosys Foundation gives Rs 6.5 crore to astrophysics centre
Shoppers Stop shuts two stores in Maharashtra
Sun Pharma Q2 net up over two-fold at Rs2,235 cr
Trend in FII flows: The FIIs were net buyers of Rs -733.49 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs 639.19 Cr, as per the provisional figures.
UPCOMING RESULTS:
SRF,SBIN, APOLLOHOSP, ANDHRABANK, PATELENG, IOB,ALKEM, RPOWER, ,BANKBARODA, NATCOPHARM, LOVABLE, LAMBODHARA, TATASTEEL, VADILALIND, VIP, JETAIRWAYS, BPCL, MOIL, RAJESHEXPO, M&M,SUNTV.
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