Indian Indices:
Indian markets are poised to open flat with positive bias, tracking muted cues from fellow Asian peers after Wall Street ended mixed in overnight trade. SGX Nifty is trading 11 points higher.
After strong rally in the last few sessions, the market may see some volatility as investors will rollover their position ahead of February F&O expiry due today. Market extended rally for the fifth straight session on Wednesday, driven by strong rally in frontline blue-chip such as RIL, Axis Bank, Coal India, Asian Paints, Hero MotoCorp, BPCL, ONGC, DLF and Tata Motors.
Indian shares hit their highest in more than five months on Wednesday as Reliance Industries ended at a near 9-year high after investors welcomed plans by its telecom unit to start charging customers for services. The S&P BSE Sensex and CNX Nifty rose 0.36%-0.21% each. Sensex closed at 28864.71, up by 103.12 points or by 19.05%, and the NSE Nifty ended at 8926.90, up by 19.05 points or by 0.21%.
Global Market:
Asian stocks pulled back from a 19-month high early Thursday, while the dollar tried to steady from losses suffered in the wake of the US Federal Reserve minutes indicating a cautious approach to more interest rate increases.
The S&P 500 ended modestly weaker on Wednesday, holding losses after minutes from the Federal Reserve's last meeting kept alive a potential near-term interest rate hike, while DuPont shares helped the Dow close at an all-time high for a ninth straight session.
The European markets ended Wednesday's session with mixed results. The markets climbed to their highest level in 14-months in early trade. Solid German business sentiment data and a number of positive corporate earnings reports helped to fuel early gains.
Major Headlines of the day:
HOEC sees early monetization of Arunachal oilfield
Asian Oilfield unit to acquire Nigeria's Ivorene oil services
NTPC: 115 out of 260 MW of Bhadla solar projects commissioned
Bombay Dyeing to consider scheme of amalgamation with Archway Investment Co.
Trend in FII flows:The FIIs were net buyers of Rs -259.21 the cash segment on Wednesday while the DIIs were net sellers of Rs 917.97 as per the provisional figures.
Securities in Ban For Trade Date 23-FEB-2017:
1 IBREALEST
2 GRANULES
3 WOCKPHARMA
4 CEATLTD
5 TV18BRDCST
6 JINDALSTEL
7 RCOM
8 JPASSOCIATE
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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