Markets may open higher; SGX Nifty up 123 pts;

Indian Indices:

SGX Nifty indicating a negative opening for the Indian equities. Mkts to open on low note;Indian benchmark indices are likely to open lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trend across global peers. SGX Nifty is trading 29 points down.

The Indian market soared to a fresh high on Wednesday, as investors cheered the government’s recapitalization package for public sector banks (PSBs) and Rs 7-lakh crore infra boost via the Bharatmala project. Derivative (F&O) expiry for the October series also aided sentiment. S&P BSE Sensex ended over 33,000 for the first time ever - at 33,042 levels, up 435 points for the day. Nifty50, on the other hand, also achieved new milestone, ending at fresh closing high of 10,295, up 87 points

Global Market:

Stocks moved notably lower over the course of the trading session on Wednesday. The Dow fell 0.5% to 23,329.46, the Nasdaq slid 34.54 points or 0.5% to 6,563.89 and the S&P 500 dropped 11.9 points to 2,557.15.

Asian stocks stall on Wall Street pullback, euro gains before ECB. Important data to watch today in US is Jobless claims data.

Europe closed in the red in yesterday’s trade with FTSE down 1.07%, CAC down 0.37%, DAX up 0.46%.

Major Headlines of the day:

HUL announces Strong set of Q2FY2018 Results:

Revenue up 6 percent at Rs 8309 crore

EBITDA up 19.7 percent at Rs 1682 crore

Margins at 20.2 percent versus 17.9 percent

Profit up 16.4 percent at Rs 1276 crore

Volumes up 4 percent

RBL Bank announces strong set of Q2FY2018 performance

NII up 38.7 percent to Rs 420.2 crore

Net profit up 67.8 percent to Rs 151 crore

Gross NPA at 1.44 percent versus 1.46 percent (QoQ)

Net NPA at 0.78 percent versus 0.81 percent (QoQ)

HDFC Life board approves IPO of up to 29.98 crore shares

GVK Power confirmed it has received the order for Navi Mumbai Airport

Trend in FII flows: The FIIs were net buyers of Rs 3582.50 the cash segment on Wednesday while the DIIs were net sellers of Rs -155.71 as per the provisional figures.

UPCOMING RESULTS:-BIOCON, EQUITAS, GICHSG, JUBLFOOD, MASTEK, SREI INFRA, MCDOWELL, VIJAYA BANK, YESBANK, WHIRLPOOL, CUMMINS.

Securities in Ban For Trade Date 25-OCT-2017:

1.DHFL

2.IBREALEST

3.INFIBEAM

4.IRB

5.JPASSOCIAT

6.JSWENERGY

7.RCOM

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

Visit Here- http://www.capitalstars.com/