Markets to open on positive note; SGX Nifty up 22 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:

US stocks, dollar rise on Washington debt limit deal. Major data to watch today in US is the jobless claims data

Asian shares rise on relief over US debt ceiling deal, euro eyes ECB.

Third straight day of losses for Europenan shares; all sectors in negative.

Major Headlines of the day:

North America Class 8 Truck Sales up 50% At 20,700 Units YoY; up 14% At MoM.

NBCC signs agreement w/Health Ministry for expansion of Sports Injury Centre, Delhi worth ~464 Cr.

Avanti Feeds said that commercial production commenced at its subsidiary Avanti Frozen Foods' new plant in Andhra Pradesh.

Eicher's Royal Enfield closes in on Ducati, plans $1.8 billion bid, a move, of successful, will further power its portfolio, brand equity, global reach and access to technology.

TATA MOTORS Jamshedpur plant workers halt production alleging low appraisals.

Trend in FII flows: The FIIs were net buyers of Rs -1353.02 the cash segment on Wednesday while the DIIs were net sellers of Rs 51.57 as per the provisional figures.

Securities in Ban For Trade Date 07-SEP-2017:

1.IBREALEST

2.JSWENERGY

3.JUSTDIAL

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