Strong gains in the SGX Nifty Index Futures for February delivery, which was trading at 10,541, up by 78.50 points or 0.75%, at 11:21 AM
Singapore time, also signaled a positive opening for the domestic equity bourses. The banking stocks will remain in focus after state¬run
Punjab National Bank detected a USD 1.8 billion fraud in one of its branches in Mumbai, which raises questions about the health of
India’s banks, which are already grappling with one of the worst bad¬loan ratios.
On the Stock front
Shares of Sun Pharmaceuticals Ltd will remain in focus as India’s largest drug maker reported 75% YoY decline in its net profit for
the quarter ended December 365 crore as against Rs 1,471 crore a year earlier.
Shares of Idea Cellular would be in focus as the company has finalised plans to raise an additional Rs 3,500 crore through the
qualified institutional placements (QIP) route.
PREVIOUS DAY ROUNDUP (DOMESTIC)
Amidst choppy trade, the Indian equities ended lower, paring early gains, tracking mixed cues from Asian peers, as investors weighed
Reserve Bank of India’s new NPA resolution plan.
Major Asian markets are trading in the green, at present Shanghai Composite is trading 0.45% higher while Hang Sang is trading up 1.30%. Nikkei is trading up 1.38%.
US Markets: Wall Street witnessed a sharp recovery in yesterday’s session after initially trading lower.
European markets closed in the green yesterday with FTSE up 0.64%, CAX was up 1.08% and DAX closed 1.16% higher.
Major Headlines of the day:
Stocks of Religare Enterprises will remain in focus after its promoters, Malvinder Mohan Singh and Shivinder Mohan Singh,
resigned from the board of the company.
GTPL Hathway reported standalone net profit of Rs 23.74 crore for the quarter ended December 31, 2017 as compared to
Rs 4.16 crore in the same period last year, registering a year¬on-year growth of 470.67 per cent.
Trend in FII flows: The FIIs were Net Value of Rs -728.71 the cash segment Wednesday while the DIIs were Net Value of Rs -152.39 as per the provisional figures.
Securities in Ban For Trade Date 15-FEB-2018: