Monday, October 2, 2017

Markets to open higher; SGX Nifty up 73 pts;

stock tips
Indian Indices:

The Indian benchmark indices are set to open higher on Friday amid mixed cues from the Asian peers. The Asian markets have opened on a mixed note after the greenback gave back some gains overnight as markets digested prospects for US tax reform, while Wall Street closed higher in the previous trading session.

SGX Nifty is trading @ 9812, +17.5 Points. Equity benchmarks snapped seven-day losing streak on Thursday, the expiry day for September futures and options contracts, driven by banking & financials and ITC. The NSE F&O segment clocked the highest ever turnover of Rs 15 lakh crore.

Global Market:
US stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy.
Asia markets are mixed in early trade on Tuesday, despite US equities closing at record highs overnight. Traders will be looking ahead to the monetary policy decision from the Reserve Bank of Australia.

Major Headlines of the day:
The Telecom Commission has In – Principle approved the much-awaited extension of deferred spectrum payment liability till 16 years.
Tata Motors wins order for 10,000 electric vehicles from EESL.
Coal India is considering a proposal to diversify into mining of minerals like bauxite and iron ore as the company seeks to reduce dependence on mining of the dry fuel.
PNC Infra bags Rs 2,159 cr highway contract in Uttar Pradesh.
RCom calls off Aircel merger; blames legal uncertainties, policy directives for delay.

Trend in FII flows: The FIIs were net buyers of Rs -1546.86 the cash segment on Friday while the DIIs were net sellers of Rs 2064.63 as per the provisional figures.

Securities in Ban For Trade Date 03-OCT-2017:

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


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