Indian benchmark indices are likely to open lower on Thursday, tracking weak cues from Nifty futures on the Singapore Stock Exchange, undermining firm cues from global peers. Markets across Asia were trading mostly higher as investors cheered robust US economic data and President Donald Trump’s tax reform plan. SGX Nifty is trading @ 9928 trading down by 19 Points.
Benchmark indices ended higher with Nifty50 index comfortably above 9,900 after the Reserve Bank of India’s kept the repo rate unchanged at 6%, in a decision that was broadly in line with expectations.
US stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added to signs of strength in the economy and prospects for earnings.
Asian shares edge up slightly after strong US data. Key data to watch in US today are Jobless claims data & U.S. Factory orders Aug
Major Headlines of the day:
Future Retail set to acquire Hyper City for Rs 700 crore, Also Future Retail Board is going to meet today to to consider issue of equity shares or convertible securities convertible into equity by way of a preferential issue.
VST TILLERS Tractor Sales up 33% At 1,341 units yoy Power tillers sales up 30% at 1855 units. RBI allows foreign investors to increase their stake in Parag Milk Foods to 40% from 24% current FII holding 21.21%.
Wind Power Tariffs dips to new low of less then Rs 3/unit, dropping sharply frm previous record of Rs 3.42.
RCOM Withdraws from the National Company Law Tribunal a scheme to demerge its towers into a separate co.
Trend in FII flows: The FIIs were net buyers of Rs –632.14 the cash segment on Wednesday while the DIIs were net sellers of Rs 584.88 as per the provisional figures.
Securities in Ban For Trade Date 05-OCT-2017: