Markets expected to open on a flat note as traders await Q3 numbers of index heavyweights;

Indian Indices:

SGX Nifty indicating a mildly positive opening for the Indian markets. Markets could continue to be volatile in today’s session ahead of the key results of HDFC Bank, Wipro, Kotak Mahindra Bank, ITC and Reliance Industries. The GST Council on Thursday took key decisions to revise rates of 29 goods and 53 services and introduce ‘anti-evasion measures’ to take care of faltering indirect tax revenue. The Indian equity benchmark indices are likely to open on a

positive note today tracking strong cues from other Asian peers.

positive trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,831, up by 19.50 points or 0.18%, at 11:34 AM Singapore time,

signalled a higher opening for the domestic equity bourses. On the economy front, the GST Council in a meet held yesterday revised rates of 29 goods and

53 services and introduce ‘anti-evasion measures’ to take care of faltering indirect tax revenue. Dalal Street investors would react to a report that

India's economic growth is set to bounce back to 7.1% next fiscal, from the estimated 6.5% in 2017-18, aided by a robust consumption demand.

On the Stock front

Shares of IL&FS Transportation Networks will remain in focus as the company’s board has given nod for issuance of masala bonds worth up to

Rs 2,000 crore, besides USD denominated bonds of up to $500 million.

Shares of Yes Bank will remain on investors’ radar after the private sector lender posted a 22% annual growth in net profit at Rs 1,076.87 crore for

the quarter ended December 2017.

On the Earning front

Will be on companies including  Wipro, Reliance Industries, ITC, HDFC Bank, Kotak Mahindra Bank, ICICI Prudential, Jaiprakash Associates

and Jubilant FoodWorks as they will unveil their December 2017 quarter earnings reports today

Previous Day Roundup

The Indian equities continued its gaining momentum on Thursday and closed at fresh record high, albeit paring most of early gains, tracking firm cues from Asian peers, led by rally in FMCG and banking stocks.

Global Market:

Major Asian markets are trading in the green at present, Nikkei is up 0.31%, Hang Seng is up 0.04%, while Shanghai Composite is trading  0.30% higher.

US Markets: All the major averages closed in the negative territory in yesterday’s session. The Dow fell 0.4% to 26,017.81; the S&P 500 dipped 0.2% to 2,798.03 while the tech-heavy Nasdaq closed 2.23 points lower at 7,296.05. Profit booking was witnessed after the strong gains in the recent sessions.

European markets closed mixed yesterday with FTSE down 0.32%, CAX up 0.02% and DAX closed 0.73% higher.

Major Headlines of the day:

The company reported standalone net profit of Rs 64.30 crore for the quarter ended December 31, 2017 as compared to Rs 421.80 crore in the

same period last year, registering a year¬on-year decline of 84.76 per cent. Net revenue of the company declined moderately by 16.55 per cent at

Rs 12,687.60 crore in October-December quarter of this fiscal as against Rs 15,204.20 crore in the corresponding period last year.

Drug firm Torrent Pharmaceuticals said it has acquired US-based generic pharmaceuticals and OTC firm Bio-Pharm Inc for an undisclosed amount.

Trend in FII flows: The FIIs were Net Value of Rs 1894.99 the cash segment on Thursday while the DIIs were Net Value of Rs -657.46 as per the provisional figures.

Securities in Ban For Trade Date 19-JAN-2017:

1 BALRAMCHIN

2 DISHTV

3 DLF

4 FORTIS

5 GMRINFRA

6 HCC

7 HDIL

8 IFCI

9 INDIACEM

10 JISLJALEQS

11 KSCL

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

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