Indian Indices:
The Indian benchmark indices are set to open lower on Wednesday amid weak cues from the Asian peers.
Indian Indices: SGX Nifty is trading @9943 Down by 38 Points.
Benchmark indices ended higher even as the Street remained cautious amid lingering concerns about the escalating North Korea crisis. The S&P BSE Sensex rose 0.34 percent to 31,809 and the NSE Nifty 50 Index advanced 0.40 percent to 9,952. Back home, Indian markets registered modest gains in volatile session of trade on Tuesday. Realty and Cement stocks were seen buzzing on the bourses. The broader market outperformed the benchmark
indices. At the closing bell, the Sensex settled at 31,810 with gains of 107 points and Nifty ended the day with gains of 39 points above 9,950.
Indian shares look set to open lower today. Now going forward, Nifty50 index strong resistance in the zone of 9,990-10,000 and if it sustains above these levels it may extend its upward rally up to levels of 10,080. On the downside, important support for Nifty are seen around 9,900 and 9,860.
Global Market:
U.S. stock futures were down slightly after the main gauges dropped overnight, hurt also by a historically powerful Hurricane heading toward Florida.
Japan’s Topix index fell 0.4 percent. The Kospi index in South Korea slid 0.2 percent and Australia’s main gauge was down 0.5 percent. Hang Seng Index futures dropped 0.2 percent due to escalating provocations from North Korea.
European shares on the rise; financials and health stock play major role.
Major Headlines of the day:
• IndiGo may buy a stake in Jet Airways if Air India bid fails. If IndiGo isn’t able to pick up stake in Jet Airways or Air India, the parent firm InterGlobe Aviation may look to order planes to start its own international flights.
• RBI says ICICI Bank will be in focus as ICICI Lombard gets SEBI nod for Rs 6,000 crore IPO.
• MERCATOR has won a maintenance dredging Contract with Director General Naval Project (DGNP), Visakhapatnam - VALUE Rs 38.88 Crores.
• RBI says FPI investment in Bharat Financial shares reached trigger limit.
• Govt eyes Rs2,500 crore from selling 15% stake in NLC India.
Trend in FII flows: The FIIs were net buyers of Rs -379.16 the cash segment on Tuesday while the DIIs were net sellers of Rs 474.36 as per the provisional figures.
Securities in Ban For Trade Date 06-SEP-2017:
1.IBREALEST
2.JSWENERGY
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