Markets end lower on F&O expiry day - 29 DEC 2017

Markets end lower on F&O expiry day;

Indian Indices:

Indian shares ended lower for a second straight session on Thursday ahead of the expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target. The S&P BSE Sensex and the CNX Nifty fell by 0.19% and 0.12% respectively.

Indian markets ended lower on Thursday, tracking mixed cues from Asian peers, as gains in metal and realty stocks were offset by selling across PSU and oil&gas space. The market also witnessed some volatility amid expiry of December futures and options (F&O) contracts today. Bucking the trend, the broader markets ended higher, with S&P BSE MidCap and S&P BSE SmallCap indices gaining between 0.1%-0.3%.

On the economy  front

• The government may infuse about Rs 10,000 crore in six public sector lenders, including United Bank of India, Dena Bank and Bank of Maharashtra, said the media report.

On the stock front

• Sharesof drug major Lupin Ltd will remain in focus as the company fater the market hours yesterday announced that it received final approval from the United States Food and Drug Administration (USFDA) to market a generic version of Dovonex Scalp Solution, 0.005% of Leo Pharmaceutical Products.

• Further, shares of Reliance Communications will remain in focus after Mukesh Ambani led Reliance Jio on Thursday acquired spectrum, tower, optical fiber network and other wireless assets of Anil Ambani’s debt­ ridden company.

• Shares of Astron Paper & Board Mills will make be listed on stock bourses today. The company successfully concluded its initial public offer (IPO) last week.

WALL STREET UPDATE

• Wall Street closed little changed in light volume of trading on Thursday, as gains in financial stocks were offset by losses in technology stocks.

PREVIOUS DAY ROUNDUP (DOMESTIC)

• The Indian equities ended lower in volatile trade on Thursday, tracking mixed cues from Asian peers, as gains in metal and realty stocks were offset by selling across PSU and oil&gas space.

Global Market:

• US European markets were pointing in different directions on Thursday amid a light holiday-week of trade seen across markets worldwide.

• Asian markets closed mostly higher on Thursday following a rally in oil and copper prices this week. Trade was thin ahead of the long New Year’s weekend.

Major Headlines of the day:

• United Bank of India rose 3.41% after the bank said that it raised Rs 100 crore by issuing Basel III compliant bonds on a private placement basis.

• Mahindra CIE Automotive rose 3.56%, after a domestic brokerage firm reportedly initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 297 per share.

• Reliance Communications rose 7.67%, extending yesterday’s surge triggered by the company exiting the strategic debt restructuring plan with a zero write-off to lenders.

Trend in FII flows: The FIIs were Net Value of Rs 562.55 the cash segment on Thirsday while the DIIs were Net Value of Rs -774.09  as per the provisional figures.

Securities in Ban For Trade Date 29-DEC-2017:

1.NIL

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

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