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Monday, July 24, 2017

Bullish start likely; SGX Nifty up 12 pts;

stock tips

Indian Indices:

Indian shares are likely to witness a positive start on Monday morning as the global markets look supportive with SGX Nifty trading 12 points higher @9975 Nifty hits historic high of 10,000 in opening; Sensex at new high. Equity benchmarks started off Tuesday at fresh record high, with the Nifty hitting historic high of 10,000-mark.

The index is likely to clock the 10000-mark, with even the pre-opening rates settling in above the key milestone. The 50-share NSE Nifty settled at 10,010.55, up 44.15 points in pre-opening while the 30-share BSE Sensex rose 105.01 points to 32,350.88.The BSE Sensex opened higher by 104 points at 32350, while the Nifty50 opened higher by 44 points at 10010 mark. HDFC twins and Reliance are contributing the most to index gains.

Bharti Infratel was top Nifty gainer trading at Rs 418.4 per share, up by 2.32% while Zee Entertainment was top Nifty loser trading at Rs 543.7 per share, down by 1.5%. There were 953 advances, 459 declines and 488 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.

The 30-share BSE Sensex was up 101.98 points at 32,347.85 and the 50-share NSE Nifty rose 31.80 points to 9,998.20. BSE Mid-cap index was trading at 15270 level, up by 0.29% while BSE Small-cap index was trading at 16082 level, up by 0.29%.

Global Market:

The US markets ended mixed on Monday but Nasdaq hit a record high ahead of a big week of technology earnings reports. The S&P 500 and the Dow industrials lagged behind as losses in healthcare heavyweight Johnson & Johnson took a toll, said a Reuters report

Asian markets are trading subdued in early trade on Tuesday. Hong Kong's Hang Seng has advanced 25 points. China’s Shanghai Composite has dipped 1 point and Japan’s Nikkei 225 has edged down 13 points.

Major Headlines of the day:
Hindustan Copper signs MoU with Mishra Dhatu Nigam limited, a CPSE for joint collaboration in production of Copper-Nickel tubes and related items
Infosys' USD 2 billion buyback tied in regulatory knots: BS
Vodafone-Idea merger deal gets CCI nod; to fuel more investments:

Trend in FII flows: The FIIs were net buyers of Rs -366.84 the cash segment on Monday while the DIIs were net sellers of Rs 668.87 as per the provisional figures.

Upcoming Result : ASIAN PAINT, AXIS BANK, BHARTI, PIDILITEIND, RAYMOND, VEDL, ICICIPRU, KPRMILLS, HEROMOTO.

Securities in Ban For Trade Date 25-JUl-2017:
1.DLF
2.FORTIS
3.GMRINFRA
4.HDIL
5.IBREALEST
6.INFIBEAM
7.IRB
8.JPASSOCIAT
9.JSWENERGY
10.JUSTDIAL
11.KSCL
12.ORIENTBANK
13.TV18BRDCST
14.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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