Tuesday, January 17, 2017

Flat opening seen on Dalal Street

stock tips
Indian Indices:

Indian markets are set to open flat to lower on Wednesday, tracking weakness in fellow Asian peers as Wall Street ended lower in overnight trade, as investors remained wary ahead of Donald Trump’s taking charged on Friday. SGX Nifty is trading 12.50 points higher.

Shares of Sasken, Muthtfn, Kirlosind and KPIT will also remain in limelight as they will release their earnings report later today.

Indian shares eased marginally on Tuesday as oil-to-telecoms conglomerate RIL dragged on the market over concerns about spending at its telecom unit that overshadowed better-than-expected Q3 earnings. The S&P BSE Sensex and CNX Nifty fell 0.19%-0.18% each.

Global Market:

Japanese stocks fell to five-week lows on Wednesday, hurt by the yen's rapid appreciation and as investors were cautious ahead of U.S. President-elect Donald Trump's inauguration on Friday.

European shares ended flat on Tuesday, coming off lows after British Prime Minister Theresa May provided some clarity on her country's plans to leave the European Union.

US stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. Also weighing on stocks were concerns about protectionist trade policies. Key data to watch in US today are Consumer price Index and Industrial Production.

Major Headlines of the day:
Indian Hotels to raise Rs495 crore via private placement of NCDs.
Sadbhav Infra to sell 9% in Maharashtra Border Post to DTC Toll.
Mercator sets QIP share issue price at Rs.40.75/sh; to allocate 2.5 cr shares

Trend in FII flows: The FIIs were net buyers of Rs 142.21the cash segment on Tuesday while the DIIs were net sellers of Rs -607.23as per the provisional figures.


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