GIVE MISS CALL ON :- +91 99774 99927

INDIAN EQUITY MARKET OUTLOOK – 13 OCT 2017

market update

Mkts may slide down; SGX Nifty down 9 pts;

Indian Indices:

Indian benchmark indices are likely to open lower on Friday, tracking soft cues from Nifty futures on the Singapore Stock Exchange, undermining firm trend across global peers.. IIP August factory output rebounds at 4.3%. September Retail Inflation at 3.28 Percent remained unchanged From August. SGX Nifty is trading @10117 dn 9 by Points

Buoyed by positive global cues and healthy buying in metals, banking and automobile stocks, key Indian equity indices provisionally closed on a higher note on Thursday. The Sensex on Thursday surged more than 1%, or 348 points—its biggest one-day rise in three months—to close at 32,182.

Global Market:

  • stocks closed lower on Thursday as Wall Street digested earnings from some of the top financial companies.
  • Stocks in Asia were subdued early Friday as investors await China trade data.
  • Key data to watch in US today is CPI and Retail Sales.
  • European shares traded sideways on Thursday.

Major Headlines of the day:

  • Bharti Airtel will absorb Tata’s consumer mobile business in 19 circles (17 under TTSL and two under (Tata Teleservices Maharashtra Limited) and the merger is being done on debt-free, cash-free basis.
  • IT major Tata Consultancy Services’ second-quarter earnings beat analysts’ expectations as profit rose 8.4 percent sequentially Rs 6,446 crore. TCS reported a net profit of Rs 5,945 crore in the previous quarter and Rs 6,585 in the corresponding period of last fiscal.
  • Shriram EPC has won multiple orders amounting to Rs 349 crore.
  • Indiabulls Housing Finance’s U.K. subsidiary OakNorth Bank gets £154 million investment.
  • RIIL on Thursday reported a decline of over 20 per cent in its net profit for the second quarter of 2017-18 ended September, as compared to the same quarter a year ago. The company’s net profit stood at Rs 2.69 crore for the quarter in question.

Trend in FII flows: The FIIs were net buyers of Rs -668.13 the cash segment on Thursday while the DIIs were net sellers of Rs 872.54 as per the provisional figures.

UPCOMING RESULTS:- RELIANCE,KTK BANK,MCX INDIA,GNA AXLES

Securities in Ban For Trade Date 13-OCT-2017:

1.BEML

2.DHFL

3.IBREALEST

4.JSWENERGY

5.RCOM

6.RELCAPITAL

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 

Leave a Reply

Your email address will not be published. Required fields are marked *

Checking...

Ouch! There was a server error.
Retry »

Sending message...

FREE TRIAL REQUEST


CapitalStars FORUM