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Wednesday, November 1, 2017

Gap down opening on D-Street; SGX Nifty down by 23 Pts;

stock tips
Indian Indices:

Indian benchmark indices are likely to open lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange.,

Equity benchmarks opened flat on Thursday after the Federal Reserve kept interest rate unchanged in policy meeting. The 30-share BSE Sensex was down 8.11 points at 33,592.16 and the 50-share NSE Nifty fell 6.10 points to 10,434.40.

Indian equity benchmark indices are likely to witness a negative opening today tracking weak Nifty futures on the Singapore Stock Exchange and mixed global cues. Asian markets were mixed in the early trade on Thursday as US Federal reserve kept interest rate unchanged at the end of its two¬day policy meet on
Wednesday, however indicated it would hike borrowing costs in December. Meanwhile, investors are closely eyeing the developments related to the selectio
of next Federal Reserve chair, which is expected this week. Back home, weak SGX Nifty Index Futures for November delivery, which were trading at 10,465, down by 19 points or 0.18%at 11:23 AM Singapore time, also signaled a negative opening for the domestic equity bourses.

Global Market:
US: The major averages ended the day on a mixed note. While the Nasdaq edged down 0.2% to 6,716.53, the Dow rose 0.3% to 23,435.01 and the S&P 500 inched up 0.2% to 2,579.36.
Europe closed in the green in yesterday’s trade with CAC up 0.20%, DAX up 1.75%, FTSE down 0.07%.

Major Headlines of the day:
Axis Bank: The National Company Law Tribunal has dismissed the bank's plea to stake a claim of 3.97 bln rupees in the ongoing corporate insolvency proceedings against Edu Smart Services.
Cholamandalan Investment And Finance Co: Northwest Venture Partners has sold 0.76% or 1.2 mln shares in the company through a bulk deal on BSE.
Coal India: The Odisha government has sent show cause notices of around 200 bln rupees to arm Mahanadi Coalfields for alleged violation of environmental norms.
Bharti Airtel: Board has approved the transfer of optical fibre cable business to its subsidiary Telesonic Networks by way of slump sale. The company will offer Apple Inc's iPhone X variants through its online stores at a starting price of 89,000 rupees from Friday.

Trend in FII flows: The FIIs were Net Value of Rs 1038.31 the cash segment on Wednesday while the DIIs were Net Value of Rs -667.91 as per the provisional figures.

UPCOMING-RESULTS:- ANDHRABANK, BERGERPAINT, DALMIA SUGAR, GLENMARK, NATCOPHARMA, POWERGRID, HEG, RAMCOCEM, UJJIVAN, VEDL.

Securities in Ban For Trade Date 02-NOV-2017:
1.HDIL
2.JSWENERGY
3.WOCKPHARMA

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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