Markets to open higher; SGX Nifty up 16 pts;

Indian Indices:

The Indian benchmark indices are set to open higher on Thursday amid robust cues from the Asian peers. SGX Nifty is trading @ 9967, 22 points up

The benchmark indices ended lower on Wednesday as tensions over North Korea’s latest nuclear test showed few signs of abating and continued to spook global investors.

Nifty likely to touch 10K mark amidst positive global cues. Nifty is likely to trade in a narrow range with immediate resistance placed at the level of 9,940, followed by 9,980-10,000, and if it sustains above these levels, it is likely to move higher up to the level of 10,080.Nifty is likely to trade in a narrow range with immediate resistance placed at the level of 9,940, followed by 9,980-10,000, and if it sustains above these levels, it is likely to move higher up to the level of 10,080. On the down side, 9,860 and 9,810 may act as strong support levels.

Global Market:

U.S. stocks slipped on Thursday after banking stocks took a hit from declining rates.

Disney dragged down the Dow Jones industrial average after a profit warning.

Equities in Asia searched for direction Friday after the euro jumped following the European Central Bank putting tapering on the table on Thursday.

Key data to watch out today are U.S. Crude Oil Inventories.

Financials feel renewed pressure as ECB meeting closes in.

Major Headlines of the day:

NBiocon Insulin facility In Malaysia receives EU GMP compliance certificate.

Punj Lloyd gets Rs 870 crore order for canal work in Maharashtra.

GTPL Hathway FII limit hiked to 49 percent from 24 percent.

CCL Products FII/FPI limit raised to 40 percent from 24 percent.

Brookfield Asset Management has joined the fray to buy Vodafone India and Idea Cellular’s combined 53.15% shareholding in Indus Towers though Bharti Infratel leads the race

Trend in FII flows: The FIIs were net buyers of Rs -564 the cash segment on Thursday while the DIIs were net sellers of Rs 245.32 as per the provisional figures.

Securities in Ban For Trade Date 08-SEP-2017:

1.IBREALEST

2.JSWENERGY

3.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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