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Wednesday, November 16, 2016

Positive opening seen on D-Street

Stock tips

Indian Indices:

Indian makets are likely to witness a positive opening in trade today. SGX Nifty is trading 25.00 points up.

Shares of Petronet LNG and Deepak Fertilisers and Petrochemicals Corporation will be in focus as these companies reveal their September quarter earnings

The Indian markets closed today's session on a flat note. The BSE Sensex fell 0.02% and CNX Nifty was up by 0.04%.

The 30—share BSE SENSEX closed at 26,298.69, down by 5.94 points or by 0.02% and the NSE Nifty ended at 8,111.6, up by 3.15 points or by 0.04%.

Global Market:

Asian markets were hit by fresh volatility Thursday as uncertainty permeates trading floors after Donald Trump's shock election win, while the dollar pushed back up on expectations of a US interest rate hike.

European shares fell on Wednesday, weighed down by a pull-back in banking stocks, while German chemical group Bayer slumped after a costly bond issue.

Stocks closed mixed Wednesday as the Dow broke a seven-day winning streak and a rebound in oil prices stalled.

Major Headlines of the day:
Cipla plans to get more aggressive in US, UK
Jet Airways unveils winter sale; fares start at Rs1099
Wipro begins monetising from its intra-preneurship projects.
 
Trend in FII flows: The FIIs were net buyers of Rs -1957.04 Cr in the cash segment on Wednesday  while the DIIs were net sellers of Rs 2344.31 Cr, as per the provisional figures.

UPCOMING RESULTS:
PETRONET, INFIBEAM, ASTRALPOLY, DEEPAK FERT.

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