Indian Indices:
Indian benchmark indices are likely to bell the day on flat note on Thursday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. SGX Nifty is trading up by 20 points at 10165, indicating a negative opening.
Indian shares ended lower on Wednesday as falling global commodity prices pushed metal shares such as Vedanta Ltd down, while consumer stocks such as ITC Ltd also weighed on the indexes. NSE Nifty closed 0.67 percent down at 10,118.05, its lowest in more than a month. The benchmark BSE Sensex was down 0.55 percent at 32,760.44, a three-week low.
Global Market:
US stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while a late run-up was thwarted by concerns over the passage of a tax revamp after Republican senators were critical of the proposal.
Asian shares got off to a cautious start on Thursday after Wall Street stumbled despite upbeat US economic news and the Treasury yield curve hit its flattest in a decade as investors priced in more US rate hikes.
European shares recover from 7-week low on account of impressive telecom earnings
Major Headlines of the day:
New India Assurance post strong set of number in (Q2fy2018)
Gross written premium up 12.2 percent at Rs 6,489.2 crore
Profit up 187.5 percent at Rs 748.3 crore
Combined ratio improved to 112.5 percent
Solvency ratio stood at 2.24 from 2.04
Federal Bank in process of divesting 26 per cent stake in the fully-owned NBFC arm, Fedfina to a strategic investor to raise capital for the subsidiary & Alos eyeing Mutual fund business.
Shreyas Shipping & Logistics strong numbers Revenue up 34% at 123.5cr, EBITDA at 26.8cr vs 7.4cr, Margins at 21.7% vs 8%, PAT at 19.7cr vs 2.4cr.
TD Power posts strong set on number in Q2FY2018
Revenue up 19.4 percent at Rs 126 crore
Net profit at Rs 4.94 crore VS 1.09bn seen last year
EBITDA at Rs 9 crore
Margin at 7.1 percent versus 1.4 percent.
ONGC said that Venezuela’s state-run PDVSA is committed to the arrangement with ONGC Videsh.
Trend in FII flows: The FIIs were Net Value of Rs -381.42 the cash segment on Wednesday while the DIIs were Net Value of Rs 869.09 as per the provisional figures.
UPCOMING- RESULTS:- GATI, MUKUND, MATRIMONY.COM, AHLUWALIA
Securities in Ban For Trade Date 16-NOV-2017:
1.DHFL
2.IBREALEST
3.INDIACEM
4.INFIBEAM
5.JETAIRWAYS
6.JPASSOCIAT
7.JSWENERGY
8.JUSTDIAL
9.KSCL
10.RCOM
11.RELCAPITAL
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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