Indian benchmark indices are likely to open higher on Friday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trend across global peers. Markets across Asia were trading mostly higher as investors cheered robust US economic data and optimism over President Donald Trump’s tax reform plan. SGX Nifty is trading at 9931 up by 11 points
Indian indices ended lower yesterday, snapping a four-session gaining streak, dragged down by financials such as ICICI Bank Ltd amid a lack of fresh triggers after the central bank maintained rates as expected. The Indian equity markets are likely to open the last trading session of the week on an optimistic note following positive cues from the Asian peers and strong close on Wall Street in overnight trade.
The trends on SGX Nifty suggest markets are likely to open with gains of 24 points at 9,945. The Indian equity markets are likely to open the last trading session of the week on an optimistic note following positive cues from the Asian peers and strong close on Wall Street in overnight trade. Back home, Indian markets snapped four day winning streak to end marginally lower on Thursday. The BSE Sensex lost 80 points to finish at 31,592 and the Nifty50 index slipped 26 points to settle below the 9,900-mark. The market breadth, indicating the overall health of the market, was positive.
S&P 500 posts first 8-day winning streak since 2013; Dow jumps 113 points. The US stock indices ended Thursday’s session firmly in the green as the indices extended their run of record highs. Technology and financial stocks were among the best performing sectors. The Dow Jones Industrial Average ended higher by about 114 points to 22,775. The tech-heavy Nasdaq Composite Index rose 51 points to close at 6,585 and the S&P 500 inched up 14 points to finish at 2,552.
Asian stock markets opened in the green on Friday following the positive leads from Wall Street. Japan’s Nikkei 225 has added 40 points and Hong Kong's Hang Seng has surged 186 points. The Chinese market was closed for a public holiday.
European stocks fall as a result of crisis in Catalonia
Major Headlines of the day:
Future Retail acquires HyperCity for Rs 655 crore from Shoppers Stop.
Tata Steel second quarter output higher at 3.02 million tonne compared to 2.72 million tonne, a year ago.
IDFC-Shriram Groups merger agreement period extended till Nov 8.
UK total Jaguar sales down 8.7% at 5899 units Vs 6458 units (YoY). UK total Land Rover sales down 0.9% at 14,504 units Vs 14,629 units (YoY). Sales numbers were below expectations.
Tech Mahindra files three cases against Reliance Communications and two of its subsidiaries in the NCLT under the Insolvency and Bankruptcy Code.
Trend in FII flows: The FIIs were net buyers of Rs –656.5 the cash segment on Thursday while the DIIs were net sellers of Rs 519.03 as per the provisional figures.
Securities in Ban For Trade Date 06-OCT-2017: