Indian Indices:
The Street may see lower opening, driven by lower global markets ahead of US Fed chair Janet Yellen’s speech and profit booking; Apollo Hospitals may be in action after a sovereign fund launched a block deal to sell USD 160 million worth of its shares.
Equity indices are likely to open weaker on Friday, after witnessing a trend reversal in Thursday's trade - from a strong open to a muted close on profit booking - and Nifty ending few points short of the keenly eyed 9,000-mark.
After a swing of 361 points, the 30-share BSE Sensex closed below 29,000 level, down 144.70 points at 28,839.79. The 50-share NSE Nifty ended tad below psychological 8,900-mark, down 46.05 points at 8899.75, dragged by banking & financials, FMCG and pharma stocks.
Global Market:
Globally, markets were trading weak or closed lower.
Asian markets were lower in morning trade, following an overnight decline in US equities, but the Dow Jones still closed a touch above the 21,000 level. Most markets joined the retreat as US Federal Reserve Chair Janet Yellen prepares to weigh in on the path for interest rates. The Nikkei and Hang Seng were lower between 0.12 and 0.60 percent.
In the US, Wall Street closed lower as financials lagged, while social media company Snap had a strong performance in its initial public offering (IPO). The Dow and S&P 500 were lower by over half a percent, but still managed to hold on to key levels
In Europe, markets closed lower as investors paused after a bullish time on Wall Street. The focus was on earnings and political stability. The FTSE 100 and DAX closed almost flat with a negative bias, while the CAC 40 was flat with a positive bias.
Major Headlines of the day:
• TVS Motor Feb 2017 domestic sales decline 6% YoY
• Hero Motocorp February 2017 sales at 524,766 unit
• Bajaj Auto February 2017 Sales flat on a YoY basis
Trend in FII flows: The FIIs were net buyers of Rs 122.94 the cash segment on Thursday while the DIIs were net sellers of Rs -83.21 as per the provisional figures.
Securities in Ban For Trade Date 03-MAR-2017:
1 JPASSOCIAT
2 JINDALSTEL
3 IBREALEST
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