Markets likely trade flat on subdued global cues

Indian Indices:

Indian markets are poised to open flat on last trading day of the year after Asian stocks and the dollar were off to a subdued start. SGX Nifty is trading 14.50 points higher.

The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month December 2016 series to January 2017 series. The near month December 2016 derivatives contracts expire today, December 29, 2016.

Indian shares recovered from recent losses to close at their highest in more than one week on Thursday, after a volatile trading session ahead of the expiry of monthly derivative contracts. The S&P BSE Sensex and CNX Nifty rose 0.59%-0.86% each.

Global Market:

Asian stocks and the dollar were off to a subdued start on Friday as investors took profits on the last trading day of 2016, while the euro briefly spiked in thin trade.

Britain's top share index posted its highest-ever closing level on Thursday following a rally in precious metals miners on stronger gold prices, although weaker banks dragged down a pan- European index in holiday-thinned trade.

Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year.

Major Headlines of the day:

Jagran Prakashan Board To Consider Buy-back Of Shares On Jan 5

ONGC cleared GSPC deal without enough independent directors

Aditya Birla Idea Payments Bank to launch in first half of 2017

Trend in FII flows: The FIIs were net buyers of Rs - 662.29 Cr in the cash segment on Tuesday  while the DIIs were net sellers of Rs  957.83, as per the provisional figures

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Markets likely to open lower on weak global cues

Indian Indices:

Indian markets may open lower on negative Asian stocks. SGX Nifty is trading 19.00 points lower.

The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month December 2016 series to January 2017 series. The near month December 2016 derivatives contracts expire today, December 29, 2016.

Indian shares gave up early gains to close little changed on Wednesday as investors booked profits, though gains in some recently battered stocks helped support markets. The S&P BSE Sensex fell by 0.01% and CNX Nifty gained by 0.02%.

Global Market:

Asian shares slipped on Thursday after Wall Street suffered a mild setback after weeks of gains, while the dollar faded against the yen in typical year-end profit taking.

European stock markets closed mixed in light post-holiday trade on Wednesday, with miners pushing higher, while Italian banks led decliners on ongoing concerns about the future of Banca Monte dei Paschi di Siena.

U.S. stocks fell on Wednesday, slumping in a broad decline as the market’s multiweek rally—which has taken indexes to repeated records and the Dow within mere points of the 20,000 milestone—stalled.

Major Headlines of the day:

Tata Steel seeks foreign investment for SEZ project in Odisha

RIL starts first phase of para-xylene plant at Jamnagar

TVS gets patent for auto hybrid transmission system

Trend in FII flows: The FIIs were net buyers of Rs -527.06 Cr in the cash segment on Tuesday  while the DIIs were net sellers of Rs  824.84, 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.

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Santa rally on D-St; Nifty nears 8100, Sensex up over 100 pts

The market continues to rise with the Sensex up 121.85 points or 0.5 percent at 26335.29 The Nifty is up 39.55 points or 0.5 percent at 8072.40. About 1320 shares have advanced, 382 shares declined, and 76 shares are unchanged.

Cipla, Wipro, Dr Reddy's Labs, Axis Bank and Lupin are top gainers while Tata Steel and Tata Motors are losers in the Sensex.

The Indian rupee opened marginally lower at 68.10 per dollar versus previous close 68.07.

"Rupee will continue to trade negative with low volatility due to an appreciating dollar. Trading range for the spot USD/INR pair would be 68-68.20/dollar."

The US dollar gained against the yen on stronger-than-expected US housing data and expectations for a hawkish Federal Reserve, but remained below a recent 10-month high in thin holiday trading.

Globally, Asia stocks followed Wall Street higher early, while the dollar firmed against major peers such as the yen following the release of upbeat US economic data overnight.

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Markets may open flat on muted global cues

Indian Indices:

Indian equities are poised to open flat to higher on Tuesday tracking muted cues from fellow Asian markets as most major markets were closed on Monday for Christmas holidays. SGX Nifty is trading 7.50 points higher.

The market may also see some volatility as trader will rollover their positions ahead of derivative expiry of December series scheduled on Thursday

The NSE Nifty fell about 1% on Monday to a seven-month low, erasing its gain for the year, as investors fretted that the government may impose long-term capital gains tax. The S&P BSE Sensex and CNX Nifty fell 0.90%-0.97% each

Global Market:

Asian stocks were mixed on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays, while the dollar reclaimed its losses from Monday.

Christmas falls on Sunday, so U.S. stock markets were closed on Monday, December 26, 2016

All the major European stock markets were closed on Monday, December 26, 2016 to make up for Christmas Day falling on a Sunday.

Major Headlines of the day:

Ashok Leyland gets members nod for amalgamation with Hinduja Foundries

Future Ent sells complete 16.09% equity in Future Lifestyle to Future Corporate

Empee Distilleries: Board withdraws plan of sale of 1.95 cr shares in Empee Hotels

Trend in FII flows: The FIIs were net buyers of Rs -10950.4 Cr in the cash segment on Monday while the DIIs were net sellers of Rs 1065.39 Cr, 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.

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Market to lower on weak global cues;

Indian Indices:

The Indian equity market opened lower on Friday weighed by weak global cues ahead of Christmas holiday.

Equity benchmarks started off Friday's trade on a negative note amid consolidation and low volumes, weighed by weak global cues ahead of Christmas holiday.

The BSE Mid-cap Index is trading down 0.05% at 11,803, whereas BSE Small-cap Index is trading down 0.15% at 11,784.

The 30-share BSE Sensex fell 30.86 points to 25948.74 and the 50-share NSE Nifty declined 8.35 points to 7970.75.

Global Market:

Asian shares were in the red today with little Christmas cheer expected in thin holiday trade after the Dow Jones index again fell short of the 20,000 mark. Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week.

Euro zone inflation could exceed 1 pc; the highest level since 2013, according to The European Central Bank.

US indices drifted lower as the 20000 mark still seems within reach even as US GDP growth recorded strong growth coming @ 3.5%.

Major Headlines of the day:

1.3 crore series B preffered stock of US-based company SC Pharmaceuticals.

Wipro Reaches an agreement with US Securities & Exchange Commission to resolve 6-year old investigation.

Tata Motors EGM results Shareholders vote to remove Nusli Wadia as director of the company -71.2 percent of total number of votes cast.

Trend in FII flows:The FIIs were net buyers of Rs -614.40 Cr in the cash segment on Thursday    while the DIIs were net sellers of Rs 319.79 Cr, 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.

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D-Street likely to open lower on weak global cues

Indian Indices:

Indian markets are poised to open lower on Thursday tracking weak cues from fellow Asian markets ahead of US GDP data due today and the European Central Bank's (ECB) economic bulletin. The market is likely to see thin trading as traders begin to quiet down ahead of the upcoming holidays

Indian shares erased early gains to close lower on Wednesday, posting their sixth straight session of declines, dragged down by major IT stocks such as Infosys and TCS. The S&P BSE Sensex and CNX Nifty fell 0.25%-0.26% each.

The 30-share benchmark index closed trade at 26242.38, fell by 65.60 points or by 0.25%, and the NSE Nifty ended at 8061.30, slipped by 21.10 points or by 0.26%.

Global Market:

Asian shares struggled on Thursday, taking their cues from a lackluster day on Wall Street as investors locked in gains in thin trade ahead of the upcoming holidays.

US stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs.

European shares closed lower on Wednesday as concerns increased regarding the stability of the Italian banking system.

Major Headlines of the day:

Texmaco, Kalindee Rail get Delhi HC nod for merger.

Titan takes 5-6% sales hit due to demonetisation.

eClerx Services buys back shares worth Rs 234 cr.

Trend in FII flows: The FIIs were net buyers of Rs -1,178.08 Cr in the cash segment on Tuesday   while the DIIs were net sellers of Rs 1,057.96 Cr, 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.

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Flat to positive start seen on cards

Indian Indices:

Indian equities are poised to open higher on Wednesday tracking firm cues from fellow Asian markets, but market volume is likely to remain thin as traders begin to quiet down in the lead-up to Christmas.

Bullish trend in the SGX Nifty Index Futures for December delivery, which were trading at 8,114.50, up by 8.5 points or 0.10 per cent, at 10:50 AM Singapore time, also signaled a positive start for Sensex.

Shares of Bharti Airtel will remain in focus after the telecom major said that its subsidiary Network i2i has inked pact with Egyptian firm Orascom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems (MENA-SCS).

The 30-share benchmark index closed trade at 26307.98, down by 66.72 points or by 0.25 per cent, and the NSE Nifty ended at 8082.4, down by 21.95 points or by 0.27 per cent.

Global Market:

The major Asian Indices started off on a positive note, which due to positive outlook of the US indices

The benchmark indices of the US including Dow Jones and Nasdaq ended at record highs.

European stock markets moved mostly higher on Tuesday, Japan's Nikkei share average rose on Tuesday after the market digested the Bank of Japan's

Major Headlines of the day:

IRB Infra unit gets arbitral amount of Rs 20.55 crore from NHAI.

Sun Pharma completes 85.1%  acquisition of Russia's JSC Biosintez.

Jyoti Structures wins $15 mn order from South Africa's ESKOM.

Trend in FII flows: The FIIs were net buyers of Rs -685.93 Cr in the cash segment on Tuesday  while the DIIs were net sellers of Rs 418.93 Cr, as per the provisional figures.

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Sensex edges higher, Nifty holds 8100; ITC leads, HDFC drags

Equity benchmarks started off day on a flat note with positive bias Tuesday, with the Nifty holding 8100 level, supported by ITC and Infosys. HDFC, Reliance Industries, HDFC Bank, ICICI Bank and Tata Motors were under pressure.

The 30-share BSE Sensex was up 24.51 points at 26399.21 and the 50-share NSE Nifty rose 6.25 points to 8110.60.

The Indian rupee has opened higher today at 67.86 per dollar against previous close of 67.87 a dollar.

HDFC Bank says the dollar index continues to move higher, currently above 103 level, after the hawkish FOMC meeting and some recent geopolitical concerns.

The USD-INR pair has also slid from recent highs with continuing portfolio outflows and overall dollar strength, he adds.

The dollar regained some momentum, with the dollar index up at 103 compared with levels around 102 yesterday.

Asian shares traded mixed, with the Nikkei wavering despite the Bank of Japan sounding a positive note on Japan's economic outlook as it kept monetary policy steady.

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Sensex falls 100 pts, Nifty holds 8100; Laurus Labs surges 14%

Equity benchmarks opened flat with a negative bias on Monday due to lack of global as well as local cues. Banking & financials, healthcare and FMCG stocks were under pressure while metals stocks gained.

The 30-share BSE Sensex was down 36.83 points at 26452.73 and the 50-share NSE Nifty fell 13.45 points to 8126.

HDFC, Tata Motors, HDFC Bank, Axis Bank, Asian Paints, SBI and Sun Pharma fell 0.4-1 percent while Reliance Industries, Dr Reddy's Labs, Coal India and Bharti gained.

The Indian rupee has opened lower by 5 paise at 67.81 per dollar on Monday against Friday's closing value of 67.76 a dollar.

According to him, the USD-INR pair is expected to trade in a range of 67.50-68/dollar for the day.

The dollar slipped below the 103 mark as profit-taking halts the momentum of the greenback's rally. Asian markets were mixed with the Hang Seng falling 0.8 percent while Australia's ASX 200 rising 0.7 percent. US stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains.

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Flat opening on D-Street on muted global cues

Indian Indices:

Indian equities are likely to open on a flat note with positive bias on Friday as global sentiment remained fragile after the US Federal Reserve raised key interest rates and indicated of faster pace of tightening next year. SGX Nifty is trading 8.00 points lower.

Indian shares fell on Thursday, dragged down by pharma stocks, while sentiment was hit as the U.S. Federal Reserve signalled a faster-than-expected pace of tightening next year, spurring fears of dollar outflows from emerging markets. The S&P BSE Sensex and CNX Nifty fell 0.31%-0.35% each.

The 30-share benchmark index closed trade at 26602.84, fell by 94.98 points or by 0.36%, and the NSE Nifty ended at 8182.45, slipped by 39.35 points or by 0.48%.

Global Market:

Asia stocks tepid, dollar near 14-year peak on Fed rally

US stocks rose on Thursday, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade.

European shares rose on Thursday, helped by gains in global banks after the Federal Reserve raised U.S. interest rates, while growing corporate deal activity underpinned year-end optimism.

Major Headlines of the day:

Maruti Suzuki to launch premium hatchback Ignis on Jan 13

Dilip Buildcon bags Rs 260 cr project in Andhra

Ruchi Soya Q2 net nosedives 78% at Rs 27 cr

Trend in FII flows: The FIIs were net buyers of Rs -611.97 Cr in the cash segment on Thursday  while the DIIs were net sellers of Rs -177.48 Cr, as per the provisional figures.

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Bearish opening on the cards as Fed raises rates

Indian Indices:

Indian equities are likely to open on bearish note, after US Federal Reserve raised key interest rates, in line of expectations, by 25bps to between 0.50% and 0.75%. SGX Nifty is trading 66.00 points lower.

Back home, India's wholesale price index (WPI) eased to five-month low of 3.15% in November as compared to 3.39% in the previous month

Indian shares eased on Wednesday tracking subdued Asian markets on caution ahead of a near-certain Fed rate hike later in the day, while Coal India Ltd fell the most on the NSE after disappointing quarterly results. The S&P BSE Sensex and CNX Nifty fell 0.36%-0.48% each.

The 30-share benchmark index closed trade at 26602.84, fell by 94.98 points or by 0.36%, and the NSE Nifty ended at 8182.45, slipped by 39.35 points or by 0.48%.

Global Market:

Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for.

European shares fell from an 11-month high on Wednesday, with Switzerland's Actelion slumping after U.S. healthcare company Johnson & Johnson ended discussions over a potential deal with Europe's largest biotech firm.

US stocks fell in choppy trade Wednesday, led lower by energy and utilities, after the Federal Reserve raise rates for the second time in a decade.

Major Headlines of the day:

TCI Express to relist on exchanges after demerger from TCI

CCI approves merger of Hinduja Foundries with Ashok Leyland

NTPC to replace 11 GW old capacity with Rs 50k cr investment

Trend in FII flows: The FIIs were net buyers of Rs -632.29 Cr in the cash segment on Wednesday  while the DIIs were net sellers of Rs 210.86 Cr, as per the provisional figures.

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Flat to positive start seen as CPI hits record low

Indian Indices:

Indian equities are likely to open on a flat to higher note on Wednesday as decline in November retail inflation fuels hopes that the Reserve Bank of India will cut key rate soon.

The investors will also keep an eye on the US Federal Reserve policy meet to know Janet Yellen’s stand on the much-awaited and widely anticipated interest rate hike.

Bullish trend in the SGX Nifty Index Futures for December delivery, which were trading at 8,227.00, up by 11 points or 0.13 per cent, at 10:46 AM Singapore time, signaling a positive start for Sensex.

The 30-share benchmark index closed trade at 26697.82, up by 182.58 points or by 0.69 per cent and the NSE Nifty ended at 8221.8, up by 51 points or by 0.62 per cent.

Global Market:

Asian shares were narrowly mixed on Wednesday as the Fed gets set to hike interest rates with the market more focused on forward guidance from the U.S. central bank, known as the Fed "dot-plot."

U.S. stocks were higher after the close on Tuesday, as gains in the Technology, Oil & Gas and Utilities sectors led shares higher.

European shares rose on Tuesday, helped by a rally in Italy's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever.

Major Headlines of the day:

NTPC has partnered with Inox Wind for a 50MW wind project to be deployed in Gujarat.

Gujarat Ambuja Exports to buy back up to 17.12% of equity shares at Rs 95/share.

Asian Oilfield gets LoA for contract from Oil India worth Rs 63.7 crore.

Trend in FII flows: The FIIs were net buyers of Rs -2181.03 Cr in the cash segment on Tuesday  while the DIIs were net sellers of Rs 178.92 Cr, 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.

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