Indian Indices:
Indian equities are set to open on a flat note on Friday as investors maintained caution ahead of US President-Elect Donald Trump’s inauguration later in the day
Muted trend in the SGX Nifty Index Futures for January delivery, which were trading at 8,425.00, down by 16.50 points or 0.20 per cent, at 11:00 AM Singapore time, also signaled a flat start for Sensex.
Technology stocks may also be in focus as pressure on back of talks of re-introduction of Immigration Bill continues. On Thursday, the Indian equity benchmarks ended tad higher in lackluster trade amid sustained buying by retail and foreign portfolio investors coupled with rally in index heavyweights such as ONGC, ITC, ONGC, Tata Motors and Reliance Industries.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27308.6, up by 50.96 points or by 0.19 per cent, and the NSE Nifty ended at 8435.1, up by 18.1 points or by 0.22 per cent.
Global Market:
Asian markets slipped in morning trade as risk sentiment soured ahead of Trump’s event. Investors now await key data from China as it is set to announce its GDP, retail sales as well as industrial production figures on Friday.
The European markets oscillated between small gains and losses over the course of Thursday’s session before closing marginally lower. The markets pared their early losses after announcement from the ECB, which left its key interest rates unchanged for the seventh consecutive policy announcement.
The US markets closed lower, with real estate falling around 1 percent, as investors eagerly awaited Trump's inauguration. The U.S. stocks finished lower on Thursday with the Dow Jones Industrial Average falling in a fifth straight session as investors exercised caution ahead of president-elect Donald Trump’s inauguration on Friday.
Major Headlines of the day:
• Motherson has offered 23.55 euros per PKC share, representing a 51 percent premium to PKC's closing price on Thursday.
• Competition Commission of India (CCI) has imposed a penalty on 7 cement companies, the amount totaling to Rs 206 crore.
• L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro has won orders worth Rs 1700 crore in its construction services business.
Trend in FII flows: The FIIs were net buyers of Rs -132.26 the cash segment on Thursday while the DIIs were net sellers of Rs 379.63as per the provisional figures.
UPCOMING RESULTS: IBULHSGFIN, JSWENERGY, RBL BANK, CANBK, ATUL, JYOTY LAB, RALLIES INDIA, ADANIPOWER, SINTEX, SBBJ, NIITLTD
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