The domestic equity benchmark indices are likely to witness a flat to positive opening today tracking soft cues from Nifty futures on the Singapore
Stock Exchange and global peers. flat SGX Nifty Index Futures for January delivery, which were trading at 10,639 at 11:28 AM Singapore time,
also signaled a flat to positive opening for the domestic equity bourses. On the IPO front, Apollo Micro Systems’ initial public offer will open for subscription
today. The company fixed a price of Rs 270-275 per share. The issue will close on Friday.
On the stock front
Shares of telecom stocks will remain in focus in today’s trade after the Telecom Commission has decided to relax spectrum holding caps for
operators to pave way for M&As and spectrum sale to repay their debts.
Shares of Yes Bank will be in focus as the bank is set to raise $500 million through dollar denominated bond sale to ramp up business.
This fund raising is part of Yes Bank's $1-billion borrowing programme in the international capital markets.
Major Asian markets are trading mixed. Shanghai Composite is up 0.30%, Hang Seng is up 0.20%, while the Nikkei is trading 0.22% lower.
US markets: The major averages once again managed to end the session at record closing highs. The Dow rose 0.4% to 25,385.80, the Nasdaq inched up 0.1% to 7,163.58 and the S&P 500 ended 0.1% higher at 2,751.29.
European also closed in the green yesterday with FTSE up 0.45%, CAX up 0.66% and DAX up 0.13%.
Major Headlines of the day:
State Bank of India (SBI) said it proposes to raise Rs 5,000 crore through long term bonds to fund affordable housing
Infosys on Tuesday announced the successful conclusion of an Advance Pricing Agreement (“APA”) with the U.S. Internal Revenue Service (“IRS”). “
NMDC said it has produced 24.23 million tonne (MT) iron ore in the first nine months of the current financial year, reported PTI
Trend in FII flows: The FIIs were Net Value of Rs -303.94 the cash segment on Tuesday while the DIIs were Net Value of Rs 522.90 as per the provisional figures.
Securities in Ban For Trade Date 10-JAN-2017: