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Wednesday, September 13, 2017

Flat opening seen on D-Street;

stock tips
Indian Indices:

Flat opening seen on D-Street Indian benchmark indices are likely to open flat with negative bias on Thursday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and flat trading across Asian markets as investors weighed lower-than-expected China data. SGX Nifty is trading at 10102 up 1 points
The benchmark indices pared morning gains in the last leg of the session, to end flat, dragged by losses in metal, realty, auto, FMCG and oil & gas sectors. The broader markets also underperformed the frontline indices.

Dismal macroeconomic data as the Index of Industrial Production (IIP) rose only marginally in July and consumer price index (CPI)-based inflation surged to five-month high in August also affected the sentiment

Nifty opened at 10,107 level, up by 28 points while Sensex opened at 32,289 level, up by 103 points.BPCL is top Nifty gainer, trading at Rs 522.65 per share, up by 4.49% while Wipro is top Nifty loser, trading at Rs 284.2 per share, down by 3.94%. There were 952 advances, 426 declines and 447 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.

Global Market:
Wall Street edged up to a record high on Wednesday.
Asia stocks consolidate after touching decade highs, dollar steady.
Key data to watch in US today: Jobless Claim.
European stocks take a hit as Apple suppliers delay new iPhone launch.

Major Headlines of the day:
Tata Chemicals in talks with Indorama BV Holdings, Netherlands for potential sale of phosphatic fertiliser business in Haldia.
Godrej Properties adds new project in Thane, Maharashtra in JV with Nirmal Ventures; Co to develop approx 1.95 lk sq metre of saleable area.
Government clarifies that it won't interfere in pricing by oil companies.

Trend in FII flows: The FIIs were net buyers of Rs -826.77 the cash segment on Wednesday while the DIIs were net sellers of Rs 725.90 as per the provisional figures.

Securities in Ban For Trade Date 14-SEP-2017:
1.DHFL
2.IBREALEST
3.JPASSOCIAT
4.JSWENERGY
5.WOCKPHARMA

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

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