Indian Indices:
The market is likely to open mildly in the green today after a flat close Wednesday post the monetary policy. Indicator SGX Nifty was trading fractionally up at 8821.Market will watch for quarterly results of Power Grid , which is expected to deliver steady set of numbers with revenue growth of 20 percent.
US equities closed mixed as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones fell about 35 points, with Goldman Sachs contributing the most losses. The 10-year u-s benchmark bond yields declines for a third consecutive day to 2.34 percent, the lowest level in three weeks.
Global Market:
Asian markets were trading mixed in morning trade following the mild close in US markets. The Nikkei 225 fell 0.40 percent by early trade, while in South Korea, the Kospi was down 0.04 percent.
European stocks closed flat as the earnings season continued to be the main focus for investors. Also political uncertainty continued to dominate markets with investors rushing for gold.
US equities closed mixed as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones fell about 35 points, with Goldman Sachs contributing the most losses.
Major Headlines of the day:
Tata Motors global sales rise 3 pc in Jan
United Breweries asks Vijay Mallya to step down from board
Kotak-Axis merger in the works? Both banks say no
Trend in FII flows: The FIIs were net buyers of Rs -127.69 the cash segment on Wednesday while the DIIs were net sellers of Rs -166.82 as per the provisional figures.
UPCOMING RESULTS: ABB INDIA, ANDHRA BANK, AUROBINDO PHARMA, BAJA GLOBAL, BANK OF INDIA, BATA INDIA, BPCL, CARIN INDIA, CAPITAL TRUST, EDELWEISS, ESCORT,J KTYRE, LUPIN.
Securities in Ban For Trade Date 09-FEB-2017:
1 CEATLTD
2 CENTURYTEX
3 HDIL
4 IBREALEST
5 JINDALSTEL
6 JPASSOCIAT
7 ORIENTBANK
8 RCOM
9 SUNTV
10 WOCKPHARMA
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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