SGX Nifty is trading at 10427, up by 13 points
The stock market settled with modest gains after witnessing sharp volatility after the vote counts indicated the BJP is set to win Gujarat and Himachal Pradesh. The domestic equity benchmark indices are likely to extend yesterday’s gains as the sentiments boosted following the win of
Bharatiya Janata Party (BJP) in the assembly elections in Gujarat and Himachal Pradesh, gains in Nifty futures on the Singapore Stock
Exchange and positive global cues.
The Sensex rose 138.71 points or 0.41% to settle at 33,601.68. The Nifty gained 55.95 points or 0.54% to settle at 10,388.75. Firmness in the SGX Nifty Index Futures for December delivery, which were trading at 10,433, up by 32.50 points or 0.31%, at 11:30 AM Singapore time,
also signaled a positive opening for the domestic equity bourses.
PREVIOUS DAY ROUNDUP (DOMESTIC)
The Indian equities ended higher in highly volatile trading session on Friday, tacking firm cues from Asian peers, as investor cheered BJP win in Gujarat assembly elections and a
clean sweep in Himachal Pradesh.
On the sectoral front
Telecom stocks will remain in focus in today’s trade after Telecom Regulatory Authority of India (Trai) proposed to slash mobile number
porting charges by nearly 80% to Rs 4, for which the regulator has sought comments from stakeholders by December 29.
Wall Street hit record closing highs on Monday as optimism increased about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage.
Asian stocks advanced on Tuesday after a record-setting session on Wall Street on bets that U.S. lawmakers would pass a major tax overhaul. Asian markets were trading higher in early trade on Tuesday tracking gains on Wall Street
overnight as investors awaited the vote on Republican tax bill that aimed at lowering corporate taxes to 21% from 35%.
Key data to watch in US today are Housing Starts and Current account
Major Headlines of the day:
Gandhi Special Tubes seeking shareholders’ approval to buyback 8.80 lakh shares at Rs 500 each.
Teva, Dr. Reddy’s settle suit over patents for MS Drug Copaxone.
Eros International has signed a four film co-production deal with leading production house, Drishyam Films, reported PTI. The first of the four projects, titled "Kaamyaab" starring Sanjay Mishra and Deepak
Dobriyal, is already under production. The shooting of the film, directed by National Award- winning filmmaker Hardik Mehta, started on November 25.
Trend in FII flows: The FIIs were Net Value of Rs -431.77 the cash segment on Monday while the DIIs were Net Value of Rs 1076.81 as per the provisional figures.
Securities in Ban For Trade Date 19-DEC-2017: