Sunday, December 3, 2017

Gap up opening expected on D-Street; SGX Nifty up 20 pts;

Equity Tips
Indian Indices:

Indian benchmark indices are likely to begin week on a positive note, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Markets across Asia were trading on mixed note as investors shrugged-off the passage of a tax-code revision over the weekend.

SGX Nifty is trading is up 20 Points
Indian Stock market fell for a fourth consecutive session on Friday, posting its biggest weekly drop since mid-August, as concerns about the country`s widening fiscal deficit and rising crude prices spooked investors

Global Market:
US Markets futures rallied after U.S. Senate narrowly approved tax reform in early hours Saturday. The dollar recovered some of Friday’s losses. Key data in US – Factory Orders.
Asian Markets didn't react much to the U.S. Senate's passing of a sweeping tax-code revision, though the special counsel's probe of President Donald Trump's campaign loomed over market moves

Major Headlines of the day:
Biocon and Mylan Inc receive USFDA approval for Ogivir (Trastuzumab - biosimilar to Herceptin), used for treating breast cancer and metastatic stomach cancer. The approval puts Biocon into league of global biosimilar players; Herceptin had US sales of $ 2 billion.
Tata Motors sales grew strongly 47.5% yoy to 57,391 units (better than estimates) led by a strong 72% growth in CV sales due to market share gains and preponement ahead of implementation of AC/Ventilation systems.
DLF to raise Rs11,250 crore from promoters and a further Rs3,500 crore, in one or more tranches, by way of a public issue, a private placement or a QIP. The entire funds will be primarily used to reduce DLF’s debt.
JSW Energy has secured power purchase pacts aggregating to 208 MW, taking the long-term PPA proportion of the company on a consolidated basis to 69.3 per cent from 64.6 per cent.
Interglobe Aviation (Indigo): Jet Fuel Prices Hiked For Fifth Straight Month by 5.8 %. Fuel contributes about a third of airlines’ costs.
Infosys Board appointed Salil Parekh as its new CEO & MD of the company effective January 2, 2018. Also Infosys has won $5.8 Million tax refund in New Jersey.

Trend in FII flows: The FIIs were Net Value of Rs 306.11 the cash segment on Friday while the DIIs were Net Value of Rs 176.19 as per the provisional figures.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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