SGX Nifty is trading at 10456 down by 12points.The Nifty on Wednesday hit a record high in the opening tick but failed to gain momentum throughout the trading session and closed slightly in the red at 10,444.20. SGX Nifty Index Futures for December delivery, which were trading at 10,461.00, down
by 6.50 points or 0.06%, at 11:36 AM Singapore time, also signaled a negative opening for the domestic equity bourses.
The telecom stocks will remain in focus after the government approved 100% FDI for telecom services through the automatic route which allows
telcos to attract foreign funds without its approval. Risks to inflation, fiscal uncertainty to keep RBI alert: RBI Gov. The domestic equity
benchmark indices are likely to open on a negative note today tracking weak Nifty futures on the Singapore Stock Exchange and subdued global peers.
On the corporate front
Shares of state-run Bank of India and United Bank of India will remain in focus as the Reserve Bank has imposed some restriction on them amid a sharp
rise in non¬performing loans and erosion in capital.
PREVIOUS DAY ROUNDUP (DOMESTIC)
Snapping five days gaining streak, the Indian equities ended lower on Wednesday, tracking weak cues from Asian peers, led by selling in rate sensitive
financial and auto stocks.
Wall Street's main indexes dipped on Wednesday, pausing after recent record highs as both houses of Congress approved a long-anticipated tax overhaul.
Asian markets offered a muted reaction on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways.
Major Headlines of the day:
PIDILITE INDUSTRIES Board to consider Buyback on Dec-26
Cabinet approves Rs 1,300 crore programme for textile sector
Taro gets USFDA for Clindamycin Phosphate & Benzoyl Peroxide gel, Clindamycin Phosphate & Benzoyl Peroxide gel is used to treat moderate
Hero Motor will launch three new motorcycles today, Company sales in 75-110 CC is seeing good traction
Metal stocks will be in focus today as commodity prices continue to zoom up. Steel prices up by 1.7% in LME
Trend in FII flows: The FIIs were Net Value of Rs -1505.05 the cash segment on Wednesday while the DIIs were Net Value of Rs 146.17 as per the provisional figures.
Securities in Ban For Trade Date 21-DEC-2017: