Markets may remain cautious ahead of F&O Expiry

Indian Indices:

Indian shares are likely to witness a cautious opening as the global markets look slightly supportive with SGX Nifty trading 4 points higher. Today we have April series expiry, so we might see some volatility throughout the day, Sgx is trading marginal up by 4 points@9350.

The Indian rupee extended gains further as it has opened at 64.05 per dollar today, higher by 7 paise over 64.12 a dollar in previous session. Equity benchmarks opened Thursday's trade on a flat note after yesterday's record closing high and ahead of expiry of April futures & options contracts.

Mohan Shenoi of Kotak Mahindra Bank said global equity markets were continuing to rally reflecting risk-on sentiment and Asian currencies were also rallying on the back of the equity market rally.

The 30-share BSE Sensex was up 42.84 points at 30,176.19 and the 50-share NSE Nifty gained 7.60 points at 9,359.45.

Global Market:

US stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.

Asian shares ticked down from a near two-year high on Thursday after a long-awaited US tax plan failed to inspire investors, though sentiment remains supported by global growth prospects and receding worries about political risks in Europe

Major Headlines of the day:

Petron Engineering gets order worth Rs110 Cr from Guruashish Construction.

Tata Motors ready with BS-IV engines for entire CV range.

Divis Vizag unit fails USFDA audit on alleged reluctance to share drug testing data.

Trend in FII flows: The FIIs were net buyers of Rs -492.52 the cash segment on Wednesday while the DIIs were net sellers of Rs 1011.38  as per the provisional figures.

UPCOMING RESULTS: MARUTI, UJJIVAN, TATAELXSI, IBREALEST, TVSMOT, MOTILAL OSWAL, KOTAK BANK, RELCAP, BIOCON, UTTAMSUGAR

Securities in Ban For Trade Date 27-APR-2017:  

1.ADANIPOWER

2.BANKINDIA

3.IBREALEST

4.ICIL

5.INDIACEM

6.JINDALSTEL

7.JPASSOCIAT

8.ORIENTBANK

9.RCOM

10.TV18BRDCST

11.UJJIVAN

12.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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