Capitalstars Updates: Nifty hits 11,000 for first time, Sensex at 36,000; Axis Bank up 2%: 23 Jan 2018

January 23rd 2018

Indian Indices:

The domestic equity benchmarks indices are likely to witness a positive opening today tracking firm Nifty futures on the Singapore Stock Exchange and strong global peers. firm SGX Nifty Index Futures for January delivery, which were trading at 11,004.50, up by 37 points or 0.34, at 11:24 AM Singapore time, also signaled a positive opening for the domestic equity bourses.Banking sector stocks will remain in focus after the Assocham¬Crisil study reveals that India's banking sector’s gross non-performing assets (GNPAs) will increase to worth Rs 9.5 lakh crore by the end of March, from Rs 8 lakh crore in the year-ago period.

On the Economy front

• IMF report showed that India Indian economy is forecast to grow 7.4 percent in FY19 against 6.7 percent this year and 7.8 percent in FY20.

On the Sectoral front

• Sectoral oil & gas stocks will remain on investors' radar after media reports suggest that Indian oil ministry seeks cut in excise duty on petrol, diesel in the upcoming 2018-19 budget to cushion the impact of rising oil prices.

On the Earning front

• Stock including RBL Bank, Indiabulls Housing, NIIT, PNB Housing, Crompton Greaves Consumer Electricals, Can Fin Homes, Symphony, United Spirits, will remain in focus in today's trade as these companies will announce their December 2017 quarter earnings report today.

Previous Day Roundup

• The key domestic benchmark indices ended higher owing to the foreign fund inflows and persistent buying in blue-chips like Reliance Industries Ltd (RIL) that posted betterthan¬expected quarterly earnings.

Global Market:

• Major Asian markets opened higher spurred by fresh record highs for U.S. equities overnight. Asian markets are trading in the green at present Nikkei is up 0.92%, Hang Seng is up 0.86%, while Shanghai Composite the is trading 0.29% higher.

• Sentiments boosted after the U.S. government shutdown moved toward an end. US lawmakers passed a short¬term
measure on Monday to fund the federal government through Feb 8.

• European markets also closed mixed yesterday with FTSE down 0.20 %, CAX up 0.28% and DAX closed 0.22% higher

Major Headlines of the day:

• Axis Bank Says Retain Guidance Of 20bps Moderation In FY18Net Interest Margin May Stabilise, Improve In Jan-March.

• IOC might consider issue of bonus shares on Jan 30, 2018Kalpataru Power Transmission received new orders of Rs 871 crore

Trend in FII flows: The FIIs were Net Value of Rs 1567.51 the cash segment Monday while the DIIs were Net Value of Rs -461.87 as per the provisional figures.

Securities in Ban For Trade Date 23-JAN-2017:

1. BALRAMCHIN
2. DHFL
3. DLF
4. FORTIS
5. HCC
6. HDIL
7. IFCI
8. JPASSOCIAT
9. JUSTDIAL
10. KSCL

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