Markets expected to open gap up, Dow Jones surges past 26K;

Indian Indices:

Indian Indian equity benchmark indices are likely to witness a gap up opening today tracking firm Nifty futures on the Singapore Stock Exchange and

strong cues from global peers. firm trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,859.50, up by 54.50 points or 0.50%,

at 11:280 AM Singapore time, also signaled a positive opening for the domestic equity bourses. Banking stocks will remain in focus in today’s trade after

media report suggested that government is mulling to increase foreign investment limits in private sector banks to 100%from 74% currently.

On the corporate front

Shares  of Hindustan Unilever (HUL) will remain on investors’ radar after the FMCG major reported 28% YoY surge in net profit to Rs 1326 crore in

the quarter ended December 2017. Net sales rose 10.8% to Rs 8323 crore in Q3FY18 over Q3 FY17.

Shares of Bharti Infratel will remain in focus after the company reported 6 per cent decline in consolidated net profit to Rs 585 crore for the

December quarter of the current fiscal, as compared to Rs 620 crore in the year ago period.

On the Earning front

Stocks of Bharti Airtel, YES Bank, Adani Enterprises, Adani Ports, Hindustan Zinc and Ultratech, will remain in focus as these companies will announce

their December 2017 quarter earnings today.

Previous Day Roundup

The Indian equities closed at fresh closing highs on Wednesday, propelled by sustained  rally in IT and Teck stocks coupled with better¬than¬expected corporate earnings.

Global Market:

Major Asian markets are trading in the green at present Nikkei is up 0.46%, Hang Seng is up 0.47%, while Shanghai Composite the is trading  0.50% higher.

US markets: The Dow Jones Industrial Average crossed 26,000 for the first time ever yesterday, the Dow rose 1.3%, to 26,117, S&P 500 advanced 0.9%, to 2,803 while the Nasdaq Composite Index was up 1%, ending at 7,298. All three indices closed at record highs.

European closed in the red yesterday with FTSE down 0.39 %, CAX down 0.36% and DAX closed 0.47% lower

Major Headlines of the day:

Yes Bank said it will mobilise USD 1 billion by 2023 for financing solar energy projects in India.The announcement was made at the International

Solar Alliance (ISA) conference at Abu Dhabi. In a release, the bank said it made an announcement for "mobilising USD 1 billion till 2023 and USD 5

billion till 2030 towards financing solar energy projects in India".

Jubilant Life Sciences reported standalone net profit of Rs 97.88 crore for the quarter ended December 31, 2017 as compared to Rs 8.26 crore in

the same period last year, registering a year¬on-year growth of 1084.99 per cent. Net revenue of the company rose substantially by 54.47 per cent at

Rs 922.06 crore in October-December quarter of this fiscal as against Rs 596.92 crore in the corresponding period last year.

Trend in FII flows: The FIIs were Net Value of Rs 625 the cash segment on Wednesday while the DIIs were Net Value of Rs 168 as per the provisional figures.

Securities in Ban For Trade Date 18-JAN-2017:

1. BALRAMCHIN

2. CAPF

3. DISHTV

4. FORTIS

5. GMRINFRA

6. HCC

7. HDIL

8. IFCI

9. INDIACEM

10.JINDALSTEL

11.JISLJALEQS

12.JPASSOCIAT

13.KSCL

14.RPOWER

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