Indian Indices:
The Indian benchmark indices are set to open flat on Monday amid mixed cues from the Asian peers. The Asian markets have opened on a mixed note as investors digested elections in Germany and New Zealand over the weekend. The BSE Sensex dropped 448 points and NSE was down by 121 points on Friday due to across the board sell-off led by realty, bank, financials and capital goods stocks after renewed threat of North Korea conducting another hydrogen bomb test. Capacit'e Infraprojects IPO will be listing on NSE & BSE today.Market likely to open on subdued note. Back home, Indian markets witnessed a brutal fall on Friday with the BSE Sensex plummets nearly 450 points to close at 31,922 and the Nifty 50 index crashed by 158 points to finish at 9,964. The day began with North Korea threatened to test a nuclear weapon, followed up with S&P Global Ratings downgraded China’s credit rating and the rating agency lowered its sovereign rating on Hong Kong.Friday turned out to be a mixed day for the US stocks with Nasdaq and the S&P 500 index logging minor gains. The Dow Jones Industrial Average ended the session lower by 10 points to 22,350. The Nasdaq Composite Index gained 4 points at 6,427 and the S&P 500 inched up 2 points at 2,502.
Global Market:
U.S. stocks closed narrowly mixed Friday as health care stocks recovered most of their losses.
Major Asian indexes climbed in early Monday trade as investors digested elections in Germany and New Zealand over the weekend.
Major Headlines of the day:
Amazon buys 5% equity in Shoppers Stop for Rs179.25 crore. Shoppers Stop will use the funds to continue its investments in expanding physical and online retail business. Shoppers Stop will sell over 400 brands through Amazon India
Indigo has grounded one more Airbus A320 neo plane following high engine vibrations experienced by the aircraft. The airline currently has 23 A320s Neos, 9 planes remain out of operations due to the frequent glitches in the Pratt & Whitney engines
GSK Pharma to sell land in Thane to Oberoi Realty for Rs 555 crore. Broking Houses are of the view that land win is strategic & value-accretive for Oberoi Realty. Land deal to add Rs 51/share to company’s net asset value
Bajaj Finance witnessed a sharp rise in EMI card user base in past 12 months. EMI card user base grew from 7.2 million to 9.8 million. Bajaj Finance's consumer finance business now constitutes 41% of the total loan book.
Trend in FII flows: The FIIs were net buyers of Rs -1241.73 the cash segment on Friday while the DIIs were net sellers of Rs 521.17 as per the provisional figures.
Securities in Ban For Trade Date 25-SEP-2017:
1.BEML
2.DHFL
3.DLF
4.HDIL
5.IBREALEST
6.ICIL
7.INDIACEM
8.INFIBEAM
9.JSWENERGY
10.RCOM
11.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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