Nifty & Sensex open marginally higher; Telecom stocks lose;

Indian Indices:

Nifty opened at 10,160 level, up by 13 points while Sensex opened at 32,467 level, up by 65 points. Reliance Industries is top contributor to the Nifty and Sensex gains in the morning hours. The stock is top Nifty gainer trading at Rs 860 per share, up by 3% whereas Bharti Airtel is top Nifty loser, trading at Rs 377.9 per share, down by 4.28%. BSE Telecom index is top loser among sectoral indices trading at 1,373 level, down by 28 points or 2%.Nifty50 has resistance placed in the region of 10,180-10,200. On the other hand, Nifty50 has strong support placed in the region of 10,130-10,140.

Global Market:

Stock markets in Asia looked mostly subdued on Wednesday, with the investors searching for directions after Wall Street ended flat. The Japan’s Nikkei 225 has gained 5 points and the Hong Kong's Hang Seng has climbed 60 points, whereas, China’s Shanghai Composite has lost 3 points.

The Dow Jones Industrial Average rose 39 points to 22,371. The Nasdaq Composite Index inched up 7 points to 6,461 and the S&P 500 advanced 3 points.

Major Headlines of the day:

Dr Reddy's Labs, US FDA issues 3 observations to DRL's Mirfield plant in UK ,Mirfield plant inspected from September 11-15

M&M-M&M set to acquire big tractor company in Turkey, M&M zeroes in on one of Turkey's top 5 tractor makers

Strides Shasun-Receives US FDA nod for Omega-3 Acid Ethyl Esters capsules,Omega-3 Acid Ethyl Esters capsules to be manufactured at company's Bangalore unit

Unitech says- Both MD’s have been granted bail by Court, Matter is listed before mediation centre for settlement of dispute

Trend in FII flows: The FIIs were net buyers of Rs -1719.62 the cash segment on Tuesday while the DIIs were net sellers of Rs -77.68 as per the provisional figures.

Securities in Ban For Trade Date 20-SEP-2017:

1.BEML

2.DHFL

3.HDIL

4.IBREALEST

5.INFIBEAM

6.JPASSOCIAT

7.JSWENERGY

8.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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