Indian Indices:
Indian equities are set to open on flat note on Thursday, tracking mixed cues from fellow Asian peers as Wall Street ended on subdued note in overnight trade, as investors remained wary ahead of Donald Trump’s taking charged on Friday.
Muted trend in the SGX Nifty Index Futures for January delivery, which were trading at 8,431.00, down by 4.00 points or 0.05 per cent, at 10:50 AM Singapore time, also signaled a flat start for Sensex.
Banking stocks will remain in focus today as slew of private sector lender such as Axis Bank, Federal Bank, Lakshmi Vilash Bank and YES Bank will release their earnings report later today.
Banking stocks will remain in focus today as slew of private sector lender such as Axis Bank, Federal Bank, Lakshmi Vilash Bank and YES Bank will release their earnings report later today.
Global Market:
Asian markets are trading mixed. Japan’s Nikkei 225 is trading with gains of over 1% at 19,104.09, while Hong Kong’s Hang Seng and China’s Shanghai Composite are trading in the red with losses of 0.30% and 0.20%, respectively.
The European markets were stuck in a sideways trend throughout Wednesday’s trading session. Investors were in a cautious mood ahead of Thursday’s policy meeting of the European Central Bank. Germany’s DAX gained 0.51 per cent, while CAC 40 of France slipped 0.13 per cent. The FTSE 100 of U.K. increased 0.38 per cent
The U.S. stocks finished mixed on Wednesday. The S&P 500 gaining 4 points to close at 2,271 and the Nasdaq Composite Index rose 16 points to close at 5,555, while the Dow Jones Industrial Average bucked the trend to close at 19,804 with loss of 22 points.
Major Headlines of the day:
Glenmark Pharma gets tentative US FDA nod for Olmesartan Medoxomil tablets (used to treat high blood pressure)
IRB Infrastructure gets Ind AAA rating for its InvIT
Cipla unit Goldencross Pharma signs pact to sell 100 percent equity stake in Four M Propack to Shriji Polymers for Rs 13.5 crore
Trend in FII flows: The FIIs were net buyers of Rs 319.14 the cash segment on Tuesday while the DIIs were net sellers of Rs 245.03as per the provisional figures.
UPCOMING RESULTS: AXIS BANK, YESBANK, FEDERAL BANK, DB CORP, UJJIVAN, LAXMI VILAS, MINDTREE, GALLANT ISPAT.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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