Flat to positive start likely on Dalal Street; SGX Nifty trades higher.

Indian Indices:

Indian shares are likely to witness a positive opening as the global markets look supportive with SGX Nifty trading 14 points higher Key benchmark indices logged strong gains yesterday, 25 April 2017, in sync with upbeat global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election on Sunday, 23 April 2017.

The barometer index, the S&P BSE Sensex, jumped 287.40 points or 0.97% to settle at 29,943.24. The Nifty 50 index surged 88.65 points or 0.96% to settle at 9,306.60. The Sensex hit its highest closing level in almost three weeks. The Nifty hit a record high on intraday as well as closing basis.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 13.50 points at the opening bell on positive global cues. Among corporate news, Wipro's consolidated net profit rose 7.2% to Rs 2267 crore on 4.86% rise in total income to Rs 15033.80 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours yesterday, 25 April 2017.

Global Market:

Asian indices traded higher following the rise in US stocks on the back of strong earnings announcements and on expectations for US President Donald Trump's impending tax reforms.

In the US, stocks soared as McDonald's and Caterpillar reported strong earnings, with the Nasdaq surpassing the 6,000 mark for the first time. The Dow Jones industrial average surged 1.12% to close at 20,996.12.

Major Headlines of the day:

LIC Housing Q4 net up 18%.

S Chand and Company raises Rs 219 cr from anchor investors.

Reliance Industries becomes Rs5,242 cr richer in one day as stock gains 1%.

Trend in FII flows: The FIIs were net buyers of Rs 178.82 the cash segment on Monday while the DIIs were net sellers of Rs 998.26  as per the provisional figures.

UPCOMING RESULTS: KPIT, KSB PUMP, LAXMI VILAS, GIC HSGFIN, TATA SPONGE, STERLITE TECH

Securities in Ban For Trade Date 26-APR-2017:  

1.ADANIENT

2.BANKINDIA

3.HDIL

4.IBREALEST

5.ICIL

6.INFIBEAM

7.JINDALSTEL

8.JPASSOCIAT

9.JSWENERGY

10.RCOM

11.TV18BRDCST

12.UJJIVAN

13.WOCKPHARMA

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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