Markets expected to open in the green in-line with global markets;

Indian Indices:

Positive opening of markets; SGX Nifty up 20 pts. SGX Nifty is trading  @10499, +20 points. Sensex ends flat, Nifty fails to hold 10,450 ahead of Q3 earnings season. The S&P 500 index rose above 2,700 for the first time on Wednesday and other major indexes hit record closing highs as technology stocks climbed after signs of robust economic growth.

Equity benchmarks started off trade on a positive note, with the Nifty hovering around 10,450 level. The 30-share BSE Sensex was up 56.99 points at 33,850.37 and the 50-share NSE Nifty rose 16 points to 10,459.20. ONGC , Axis Bank, L&T, GAIL, Sun Pharma, Dr Reddy's Labs and Adani Ports were early gainers. Tata Motors, ICICI Bank, Yes Bank and Tech Mahindra were early losers.

On the stock front

Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores and would be eligible for variable pay of Rs 9.75 crores at the end of the 2018-2019 fiscal year, according to a top company executive.

Shares of Navkar Corporation added 4 percent in the early trade as Ashish Kacholia has acquired stake in the company. Investor, Ashish Rameshchandra Kacholia has bought 10,00,000 shares (0.7 percent) of the company at Rs 187 on the NSE. Also, Everest Finance And Investment Company bought 10,00,000 shares at Rs 187.06 on the BSE.

Global Market:

Major Asian markets are trading in the green at present. Shanghai Composite is up 0.33%, Hang Seng is up 0.24 %, while the Nikkei is trading 2.41% higher.

US markets: Stocks moved mostly higher during yesterday's trade. The major averages finished the day firmly in positive territory with Dow and Nasdaq closing at record highs. The Dow rose 0.4% to 24,922.68, the Nasdaq advanced 0.8% to 7,065.53 and the S&P 500 climbed 0.6% to 2,713.06

European markets closed in the green yesterday with FTSE up 0.30%, CAX up 0.80% and DAX up 0.82%.

Major Headlines of the day:

Greaves Cotton to make new BS-VI engines for Piaggio

Aurionpro Solutions subsidiary Cyberinc to sell its Identity and Access Management business to KPMG in an all cash deal worth Rs 217.6 cr

HPCL: ONGC may pay Rs 45,000 cr (45 % premium to market cap) for company's stake

Shanghai-based Fosun Group is in advanced discussions to invest Rs 800 cr ($125 million) in southern developer Nitesh Estates in what would be the Chinese conglomerate's first M&A deal in the Indian real estate sector

Tata Motors December Auto Sales (YoY) - Total JLR US Sales Dn 9.4% At 11,394 Units Vs 12,573 Units.

Trend in FII flows: The FIIs were Net Value of Rs 96.31 the cash segment on Wednesday while the DIIs were Net Value of Rs -269.20 as per the provisional figures.

Securities in Ban For Trade Date 04-JAN-2017:

1.FORTIS

2.GMRINFRA

3.HDIL

4.IFCI

5.JPASSOCIAT

6.RCOM

7.RPOWER

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

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