Wednesday, April 4, 2018

Markets flat opening, in-line with Asian peers;

stock tips
Indian Indices:                                
Flat opening is likely for the domestic equity market indices today tracking muted cues fromNifty futures 
on the Singapore Stock Exchange and mixed trend across the Asian markets.muted trend in the SGX Nifty 
Index Futures for April delivery, which was trading at 10,280, up 4 points, or 0.04 per cent, at 11:00 AM 
Singapore time, also signaled a flat start for local bourses. The markets are likely to be cautious as the 
six-member Monetary Policy Committee (MPC), led by RBI governor Urjit Patel, to begin its two day 
monetary policy review today. The central bank is widely expected to keep interest rates unchanged. 

Global Market:
Major Asian markets are trading mixed at present Nikkei is down 0.09%, Hang Seng is up 0.22% while Shanghai Composite is trading 0.31% higher.
US Markets: Stocks regained ground in yesterday’s session, rising noticeably in the final hour of trade. The Dow surged 1.7% to 24,033.36, the Nasdaq jumped 1% to 6,941.28 and the S&P 500 closed 1.3% higher at 2,614.45. Bargain hunting contributed to the rally on Wall Street, with traders picking up stocks at reduced levels after the sharp correction witnessed on Monday.
European ended in the red yesterday with the FTSE closing 0.37% lower, CAC ended down 0.29%, while the DAX ended 0.79% lower.

Major Headlines of the day:
Jet Airways said it has entered into an agreement with Boeing for buying 75 B¬737 Max aircraft, as it looks 
to strengthen presence in the fast growing domestic aviation market.
Tata Communications said it will deploy 5,000 smart gas metres for natural gas distribution company 
Mahanagar Gas Limited in Mumbai.

Trend in FII flows:The FIIs were Net Value of Rs -376.51 the cash segment Tuesday while the DIIs were Net Value of Rs  479.18 as per the provisional figures.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


Post a Comment

Back to top!