Tuesday, November 28, 2017

Markets may open on positive note; SGX Nifty up 27 pts

 stock tips
Indian Indices:

The Indian benchmark indices are set to open higher on Wednesday amid strong cues from other global peers. The Asian markets have opened on a positive note after Wall Street shot to record peaks amid signs of progress on US tax cuts. SGX Nifty is trading at 10396, up by 27 Points. Selling in the final hours of trade dragged benchmark indices lower, forcing them to snap multi-day gaining streak. The Nifty managed to close below 10,400-mark, while the Sensex closed over 100 points lower.
Wipro's Rs 11,000 crore share buyback to begin from today for Rs 320 per share.

Global Market:
Dow soars 255 points to record as Senate gets closer to passing tax reform.
Asian markets traded mixed on Wednesday, but mostly shrugged off North Korea's latest missile launch.
Key data to watch out today U.S. CB Consumer Confidence
European food and beverages index emerges as sectoral gainer

Major Headlines of the day:
Genus Power bags smart meter order worth Rs 453 cr
Technofab Engineering received an order in the domestic water sector worth Rs281cr
ADF Foods
Revenue down 3 % at Rs 48.2 cr
Net profit up 90 % at Rs 5.9 cr
BITDA up 24 % at Rs 6.1 cr
Margin at 12.7 % from 9.8 %
Balrampur Chini: Govt may scrap sugar stock limit to arrest price fall
Coal India is considering hiking salary of its executives, which may cost the company about Rs 800 cr.

Trend in FII flows: The FIIs were Net Value of Rs 12.24 the cash segment on Monday  while the DIIs were Net Value of Rs -428.15 as per the provisional figures.

Securities in Ban For Trade Date 29-NOV-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


Post a Comment

Back to top!