Markets may open flat due to lack of major triggers;

Indian Indices:

Indian equity markets may open flat with positive bias on Thursday, tracking subdued cues from Asian peers. The SGX Nifty, which was trading with gains of 9 points at 9,864, is hinting a flat start for the day.

Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,950. On the downside, 9,800 is a strong support area, and if this support is breached, the next support stands at 9,750 level.

Back home, Wednesday turned out to be a wonderful day for the Indian markets as markets ended higher for the second straight session, helped by strong rally in the last hour of trading session.

Global Market:

The US stocks ended with marginal losses on Wednesday as traders reacted to comments by President Donald Trump at a rally in Phoenix, Arizona. The Dow Jones Industrial Average fell 88 points to finish at 21,812. The tech-heavy Nasdaq Composite Index shed 19 points to close at 6,278. The S&P 500 slid 8 points to end at 2,444.

Eurozone manufacturing PMI at two-month high. The Eurozone economy maintained growth momentum during August, according to PMI survey data, with output across the currency area rising at a broadly similar pace to July.

Major Headlines of the day:

SREI Infrastructure-Gets approval for Bharat Road Network IPO from registrar of companies,Bharat Road Network IPO from September 6-8.

Tata Sons-Appoints Banmali Agrawala as President of infra, defence, aerospace, Banmali Agrawala will be taking up his new role w.e.f October 1, 2017.

Alembic Pharma has sold its formulations manufacturing facility at Baddi on slump sale basis to Scott Edil Pharmacia.

United Bank of India approves issue and allotment of Basel III compliant tier 2 bonds up to Rs 500 crore.

Trend in FII flows: The FIIs were net buyers of Rs -1157.52 the cash segment on Wednesday while the DIIs were net sellers of Rs 929.84 as per the provisional figures.

Securities in Ban For Trade Date 24-AUG-2017:

1.DLF

2.GMRINFRA

3.HDIL

4.IBREALEST

5.JPASSOCIAT

6.JSWENERGY

7.JUSTDIAL

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

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