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Thursday, April 6, 2017

Nifty likely to open on mute note ; SGX Nifty down 53 points.

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Indian Indices:

Nifty is likely to start on a muted note and may even retest its crucial support level of 9,200 on Friday, weighed down by geopolitical concerns.

Indian shares ended marginally lower on Thursday, paring early losses after the central bank kept its repo rate unchanged as it continues to guard against any potential flare-up in inflation and on an uncertain global economic environment. The S&P BSE Sensex and CNX Nifty fell 0.16%-0.03% each.

Sensex closed at 29927.34, down by 46.90 points or by 0.16%, while the NSE Nifty ended at 9261.95 dipped by 3.20 points by 0.03%.

Global Market:

Japan's Nikkei added 0.8 percent early on Friday after touching a four-month low on Thursday. It's set to post a 0.85 percent loss for the week.

The Dow Jones Industrial Average closed up 14.8 points, or 0.07 percent, to close at 20,662.95, the S&P 500 gained 4.54 points, or 0.19 percent, to 2,357.49 after reaching a session high of 2364.16 earlier in the day.

European bourses closed mixed Thursday following indications by the U.S. Federal Reserve that it wants to pare back its balance sheet and dovish comments from ECB President Mario Draghi.

Major Headlines of the day:
Trai tells Jio to withdraw Summer Surprise offer.
Hindustan Unilever may recombine food, refreshment divisions.
HPCL reworks fiscal pact for Rajasthan refinery, work to start

Trend in FII flows: The FIIs were net buyers of Rs  142.68 the cash segment on Thursday  while the DIIs were net sellers of Rs –205.64 as per the provisional figures.

Securities in Ban For Trade Date 07-APR-2017:  
1.BHARATFIN
2.IBREALEST
3.INFIBEAM

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