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Thursday, September 28, 2017

Markets to flash green; SGX Nifty up 17 pts;

Equity Tips
Indian Indices:

The Indian benchmark indices are set to open higher on Friday amid mixed cues from the Asian peers. The Asian markets have opened on a mixed note after the greenback gave back some gains overnight as markets digested prospects for US tax reform, while Wall Street closed higher in the previous trading session.

SGX Nifty is trading @ 9812, +17.5 Points. Equity benchmarks snapped seven-day losing streak on Thursday, the expiry day for September futures and options contracts, driven by banking & financials and ITC. The NSE F&O segment clocked the highest ever turnover of Rs 15 lakh crore.

Global Market:
Dow closes higher, The small-cap Russell 2000 stock index hit a record Thursday, leading stock market gains after the release of the Republican tax reform framework.
Asian shares were mixed in Friday trade after the greenback gave back some gains overnight as markets digested prospects for U.S. tax reform.
Key data to watch in US today: PCE measure of inflation along with income & spending data.European stocks hit 10-week high led by Banks

Major Headlines of the day:
Petroleum and Natural Gas Regulatory Board (PNGRB) has put up a consultation document on unified pipeline tariff proposing a 60 percent hike in tariff by GAIL.
IOB sells Rs 1600cr exposure in Essar steel to Edelweiss ARC.
Accenture fourth quarter results came in ahead of consensus expectation at the upper end of the guidance.
Shanghai Rubber down further 5%, after 6% correction yesterday. Positive for Tyres Companies.
DLF-GIC deal for 40 percent stake in DLF rental arm enters final lap.

Trend in FII flows: The FIIs were net buyers of Rs -5328.46 the cash segment on Thursday while the DIIs were net sellers of Rs 5196.60 as per the provisional figures.

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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