Indian Indices:
Indian markets are likely to open flat with negative bias on Wednesday, tracking weak cues from fellow Asian peers after Wall Street ended lower in overnight trade as traders weighed escalating tension between North Korea and the US and the nearing of the French presidential election.
SGX Nifty -4.5 points @ 9112.On the corporate front, IndusInd Bank, YES Bank, Sasken and Network18, will release their financial results for the quarter ended March 31, 2017 today.
The benchmark indices on Tuesday erased entire morning gains to extend losses for the fourth straight session as investors booked profit in banking stocks after Nifty PSU Bank index hit its 52-week high on expectations of robust March quarter earnings.
Global Market:
Asia markets declined on Wednesday, tracking Wall Street's negative close overnight, with resources and financial shares losing ground.
European shares hit three-week lows on Tuesday in volatile trade after Britain's prime minister called for an early election and the first round of France's presidential election loomed.
The S&P 500 fell for the fourth time in five sessions on Tuesday, weighed down by a drop in Goldman Sachs and Johnson & Johnson following their quarterly results, while geopolitical tensions added to investor caution. Key Data to watch in US today -Fed Beige book.
Major Headlines of the day:
Tata Steel plans $663 mn payout for one-time UK pension settlement under new scheme.
India cos FDI jumps two-fold to $3 billion in March.
RBI raises provisioning on telecom loans
Trend in FII flows: The FIIs were net buyers of Rs -930.67 the cash segment on Tuesday while the DIIs were net sellers of Rs 878.08 as per the provisional figures.
UPCOMING RESULTS: INDUSIND BANK , YESBANK, TV18BROADCAST, NETWORK18, JAYBARMARU
Securities in Ban For Trade Date 19-APR-2017:
1.BHARATFIN
2.HDIL
3.IBREALEST
4.INFIBEAM
5.JPASSOCIAT
6.JSWENERGY
7.UJJIVAN
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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