Monday, November 7, 2016

Markets may open higher tracking global cues.

stock tips

Indian Indices:

Indian equity benchmarks are likely to open higher on Wednesday tracking a mostly positive trend across markets in Asia and a bullish finish at Wall Street overnight. SGX Nifty is trading 31.50 points higher.

Indian shares ended higher on Monday, snapping four sessions of losses, as Democrat Hillary Clinton's prospects improved in the U.S. presidential race after federal investigators cleared her in their latest review. The S&P BSE Sensex and CNX Nifty rose 0.68%-0.75% each.

On Monday (November 07, 2016), BSE SENSEX closed at 27458.99, up by 184.84 points or by 0.68% and the NSE Nifty ended at 8497.05, gained by 63.30 points or by 0.75%.

Global Market:

Asian shares rose in early Asian trade on Tuesday ahead of the U.S. presidential election, with investor sentiment buoyed by improving prospects for Democrat Hillary Clinton to win.

European shares rallied on Monday, underpinned by stronger banking stocks, as news that Hillary Clinton would not face charges over her use of emails gave her bid for the White House fresh momentum just before the Nov. 8 vote.

US stocks on Monday had their best day since March on a percentage basis after the Federal Bureau of Investigation said its review of a new batch of Democratic presidential nominee Hillary Clinton’s emails won’t lead to charges.

Major Headlines of the day:
Wipro introduces Open Banking platform for BFSI clients
Cyient acquires UK-based geospatial solutions firm Blom Aerofilms
GSK Consumer net down 16%

Trend in FII flows:The FIIs were net buyers of Rs 311.18 Cr in the cash segment on Monday  while the DIIs were net sellers of Rs 799.86 Cr, as per the provisional figures.

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