Markets may open higher; SGX Nifty up 40 pt;

Indian Indices:

Indian benchmark indices are likely to open higher on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trend across global peers. Markets across Asia were trading higher amid optimism about the progress of US tax reform.

SGX Nifty trades 40 points up, indicating a gap-up opening for the Indian market

Riding high on exit polls that predict a BJP victory in Gujarat and Himachal Pradesh, the Sensex shot up 216 points on Friday, aided by heavy liquidity and a surging rupee. Trading sentiment will be driven by the election results in Gujarat and Himachal Pradesh, global factors like U.S. tax reforms and crude oil prices. Future Supply Chain Solutions to lis today , Issue Price was 664/Sh.

Global Market:

U.S. stocks rallied to new highs on Friday as investors grew increasingly optimistic that Congress would reach a deal to cut corporate taxes. No key Data in US today

Asia-Pacific stocks kicked off the on a positive note after a Republican agreement on the shape of U.S. tax cuts aimed at boosting growth in the world’s largest economy.

Major Headlines of the day:

KKR, GIC Lead Talks To Buy $2-Billion Stake In HDFC. Also HDFC AMC is said to have hired banks for $300-$600 million IPO

Weilchensee 884 VV GmbH proposes to acquire majority stake in SQS AG. Acquisition to trigger open offer for the shares of company’s India subsidiary SQS India BFSI

JMC Projects secures multiple orders worth Rs 790 crore.

GAIL's Rs 357 cr claim against Deepak Fertiliser for supply of domestic natural gas rejected in arbitration

Enforcement Directorate has attached assets worth Rs 48 crore belonging to Sintex Industries in connection with its foreign exchange violation probe into Panama Papers case

Trend in FII flows: The FIIs were Net Value of Rs -921.03 the cash segment on Friday while the DIIs were Net Value of Rs 635.44 as per the provisional figures.

Securities in Ban For Trade Date 18-DEC-2017:

1.FORTIS

2.HDIL

3.JISLJALEQS

4.JPASSOCIAT

5.JSWENERGY

6.TV18BRDCST

7.WOCKPHARMA

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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