SGX Nifty indicating a negative opening for the Indian markets. SGX Nifty indicating a negative opening for the Indian markets.
Indian benchmark indices are likely to open lower in holiday-shortened week on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Equity benchmarks ended rangebound session on a flat note yesterday after the rally in previous three consecutive days, but the broader markets outperformed despite balanced market breadth. Data to be announced in US: Fed Beige book & Housing startsDow touches 23,000 for the first time, closes at record buoyed by shares of UnitedHealth and Johnson & Johnson
US stock The tech-heavy Nasdaq edged down 0.35 points to 6,623.66, the Dow edged up 0.2% to 22,997.44 and the S&P 500 inched up 0.1% to 2,559.36.
Europe modestly lower in yesterday’s session with FTSE down 0.14%, CAC down 0.03%, DAX down 0.07%.
Stocks in Asia are steady today as investors in the region looked to China's Party Congress for signs on future policy direction in the world's second-largest economy.
Major Headlines of the day:
M&M Tata Steel: Government imposes anti-dumping duty on flat steel products from China and European Union countries.
Claris Life sciences: RBI hikes Claris Lifesciences FPI investment limit to 49 percent; NRI limit at 24 percent.
JBF Industries: In talks with Indorama group, Reliance Industries and The Chatterjee Group for a strategic stake sale.
Axis Bank: Posted 35.51 per cent year-on-year rise in net profit at Rs 432.38 crore for the second quarter ended September 30. However Asset quality worsened in Q2 with percentage of gross non-performing assets (NPA) increasing to 5.90 per cent from 5.03 per cent on a sequential basis.
Trend in FII flows: The FIIs were net buyers of Rs -484.92 the cash segment on Tuesday while the DIIs were net sellers of Rs 809.03 as per the provisional figures.
UPCOMING RESULTS:- NIITTECH, ULTRACEMCO
Securities in Ban For Trade Date 18-OCT-2017: