Tuesday, December 26, 2017

Markets set to open lower; SGX Nifty trading at 10555;

stock tips
Indian Indices:

SGX Nifty is trading @ 10555 . Equity benchmarks as well as broader markets closed at fresh records highs ahead of Christmas break. Tracking positive Asian cues and backed by Oil, Technology & banking sector nifty closed above 10500 milestone. The domestic equity benchmark indices are likely to open on a
negative note today trading weakness in SGX Nifty futures on the Singapore stock exchange and mixed global peers.

Futures for December delivery, which were trading at 10,50, down by 30 points or 0.29%, at 11:22 AM Singapore time, also signaled a negative opening for
the domestic equity bourses.The trading in the domestic equity market is likely to remain volatile in a holiday trading shortened week ahead of futures
and options’  expiry on Thursday.

Traders roll over positions in the futures & options (F&O) segment from the near month December 2017 series to January 2018 series.
The proceedings of the ongoing winter session of the Parliament will be closely watched by the investors as slew of key Bills are slated to come up for
discussion in this session of Parliament. .

On the stock front

Banking stocks will remain in focus as media reports stated that Finance Minister have asked staterun banks to rationalise their branches as part of the
reform process to strengthen their financials.

Moreover, shares of Bharat Heavy Electricals (Bhel) will be in focus as the company has bagged an order worth Rs 672 crore for 146 sets of Insulated Gate Bipolar
Transistor (IGBT)-based 3 phase electrics for 25 kilovolt (KV) AC Mainline EMU
(MEMU) trains.


The Indian equities ended at record high on Friday, tracking firm cues from Asian peers, led by strong buying across IT majors Infosys, TCS and Wipro after
Accenture raised the revenue guidance for fiscal year 2018.

Global Market:
Wall Street’s major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chip stocks slipped as Investors were seen winding down ahead of Christmas on Monday, when the market will be closed
Asian markets were mixed early in the Tuesday session in what's likely to be light, holiday-week trading.

Major Headlines of the day:
Larsen & Toubro gets Delhi Expo Centre phase-I contract for Rs 2,790 cr.
Tata Power wins mining license project in Kamchatka province in Russian Far East.
EID Parry to hive off its bio-pesticides business to Coromandel on a slump sale basis for Rs 338 cr.
GVK Power unit wins bid for 17,06,300 tonnes coal.
Welspun Corp receives an order for the supply of 1.24 lakh MT pipes.

Trend in FII flows: The FIIs were Net Value of Rs 107.87 the cash segment on Friday while the DIIs were Net Value of Rs 371.53 as per the provisional figures.

Securities in Ban For Trade Date 26-DEC-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


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