Markets expected to open in the green in line with Asian peers;

Indian Indices:

Flat opening is likely for the Indian equity benchmark indices today tracking modest gains in Nifty futures on the Singapore Stock Exchange and soft

cues from global pee.  Sentiments weakened following the comments from Japanese Finance Minister Taro Aso that sudden moves in exchange rates

are a problem. Further, continued weakness in the US dollar which extended to a sixth week despite upbeat U.S. economic growth weighed on the sentiments.

However, the Euro stood firm on rising expectations that the European Central Bank could pare its monetary stimulus. Back home, modest gains in the SGX

Nifty Index Futures for January delivery, which were trading at 10,762, up by 12 points or 0.11at 11:22 AM Singapore time,  also signaled a flat to

positive opening for the domestic equity bourses.   

On the stock front

Shares of Federal Bank will remain in focus as the bak reported 26.4% growth in net profit to Rs 260.01 crore in the quarter ended December 2017

supported by 6.76% growth in total income to Rs 2729.83 crore in Q3. Data showing India's December trade deficit widened to its highest in more than

three years due to higher import bills for gold and crude oil may weigh on investors’ sentiments.

On the Earning front

Stocks including Den Network, MCX, Network 10, ICICI Lombard General Insurance Company, Hatsun Agro and Reliance Nippon Life Asset Management

will remain in focus as these companies will announce their December 2017 quarter earnings report today.

Previous Day Roundup

The Indian equities closed at record high on Monday, tracking firm cues from Asian peers, amid sustained fund inflows by foreign investors and

strong corporate earnings.

Global Market:

Major Asian markets are trading in the green at present Nikkei is up 0.55%, Hang Seng is up 1%, while Shanghai Composite the is trading  0.19% higher.

US markets: equities and bond markets were closed on Monday on account of the Martin Luther King Jr. Day holiday.

European closed in the red yesterday with FTSE down 0.12 %, CAX down 0.13% and DAX down 0.34%.

Major Headlines of the day:

Tech Mahindra on Monday said it has partnered with Israeli firm ContextSpace Solutions to develop the world's first global software privacy

ecosystem, MyData Shield.

State-owned Indian Oil Corp (IOC) signed an initial pact with Israel's Phinergy Ltd for developing ultra lightweight metal¬air batteries that can be

used in electric vehicles (EVs).

Lupin yesterday said it has forayed into over¬the-counter (OTC) segment in the country with plans to touch Rs 300 crore turnover in the vertical

over the next five years, reported PTI.

Trend in FII flows: The FIIs were Net Value of Rs 32.92 the cash segment on Monday while the DIIs were Net Value of Rs -173.28 as per the provisional figures.

Securities in Ban For Trade Date 16-JAN-2017:

1.CAPF

2.DISHTV

3.FORTIS

4.GMRINFRA

5.HDIL

6.IFCI

7.JETAIRWAYS

8.JINDALSTEL

9.JISLJALEQS

10.JPASSOCIAT

11..KSCL

12.RCOM

13.RELCAPITAL

14.RPOWER

15.WOCKPHARMA

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

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