Indian markets are likely to open lower on Tuesday, tracking bearish trend in Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets On the corporate front, cigarette making companies will remain in focus as the government has hiked the cess on cigarettes to compensate manufacturer losses from lower GST rates.
On the earnings front, more than ten companies will announce their June quarter results today, which include, UltraTech Cement, Jubilant Life Sciences, HUL, HT Media and CRISIL Yesterday (July 17, 2017) Key benchmark indices settled with small gains on first trading day of the week led by Reliance Industries and ICICI Bank. However, a sharp slide in shares of index heavyweight ITC capped gains.
The barometer index, the S&P BSE Sensex, rose 54.03 points or 0.17% to settle at 32,074.78. The Nifty 50 index rose 29.60 points or 0.30%to settle
at 9,915.95. Both the Sensex and the Nifty hit record high on intraday as well as closing basis
Global Market:
Asian shares stepped back from more than two-year highs on early Tuesday while the dollar sagged on growing expectations that the Federal Reserve will take a more cautious approach to raising interest rates.
US stocks closed little changed in low volume on Monday as gains in utilities and consumer stocks offset declines in healthcare, with earnings news filtering out winners and losers across the board.
Stocks in Europe broadly logged a steady finish Monday, with mining shares bumped higher after China’s quarterly growth figures topped expectations.
Major Headlines of the day:
Reliance Industries to pay penalty of $3 billion along with Shell, ONGC for Panna Mukti oil field dispute.
A2Z Infra: Bags three orders worth Rs56.69 crore.
C & C Construction to sell 2 road SPVS, Process likely to complete in 3 months.
Trend in FII flows: The FIIs were net buyers of Rs 328.61 the cash segment on Monday while the DIIs were net sellers of Rs -447.14 as per the provisional figures.
Upcoming Result : CRISIL, HUL, JAYBARATMARU, JUBILANT LIFE, SUNDARAMFIN, NETWORK 18, ULTRACEMCO, TV18, SASKEN.
Securities in Ban For Trade Date 18-JUl-2017:
1.FORTIS
2.GMRINFRA
3.HDIL
4.IBREALEST
5.JPASSOCIAT
6.JSWENERGY
7.JUSTDIAL
8.KSCL
9.ORIENTBANK
10.UJJIVAN
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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