Markets indicating a positive opening in line with Asian peers;

Indian Indices:SGX Nifty is currently trading in the green up 27 points. Indian markets are expected to continue the positive momentum built up in yesterday’s session as trade tension ease. In stock specific news, NSE has given the approval for the merger between Capital First and IDFC Bank. Power minister RK Sinha has proposed NTPC, PFC and REC to make SPV in order to handle stressed assets.

Global Market:

Major Asian markets are trading in the green at present Nikkei is up 1.63%, Hang Seng is up 0.82% while Shanghai Composite is trading 0.75% higher.

US Markets: Stocks witnessed a strong rebound after a selloff seen in the previous week. The Dow surged 2.8% to 24,202.60, the Nasdaq soared 3.3% to 7,220.54 and the S&P 500 jumped 2.7% to 2,658.55. Bargain hunting along with along with easing trade tariff concerns mainly fueled the rally

European markets closed in the red yesterday with FTSE closing 0.48% lower, CAC dipped 0.57% while DAX ended 0.84% lower.

Major Headlines of the day:

Govt bows to bond market, to borrow less in April-September FY19- The government chose to borrow a smaller portion of its annual target in the first half of the next fiscal year, departing from its usual practice, amid rising yields and diminishing demand for government securities.

Manipal, Fortis hospitals to meet this week to approve proposed merger- The boards of Manipal Health Enterprises Pvt. Ltd and Fortis Healthcare Ltd will meet in the next couple of days to approve the proposed merger of hospital chains of Fortis and Manipal.

JSW Steel to set up facility in Texas with $500 million investment- JSW Steel Ltd said its US unit would invest up to $500 million to expand its Texas operations, as part of a Memorandum of Cooperation signed with the Texas Governor’s office.

Trend in FII flows: The FIIs were Net Value of Rs -741.19 the cash segment Monday while the DIIs were Net Value of Rs  2017.95 as per the provisional figures.

Securities in Ban For Trade Date 27-MAR-2018:

1.IFCI

2.JETAIRWAYS

3.JPASSOCIAT

4.ORIENTBANK

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