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Asia opens higher; Fortis Healthcare, Nestle, Titan in focus

Asia opens higher; Fortis Healthcare, Nestle, Titan in focus

Indian Indices:                              
The Nifty50 traded in a narrow range on Wednesday to eventually 
settle higher. This was the third consecutive session when the 
index defended the 10,700 level and made higher highs andhigher 
lows, suggesting that supports for the index are shifting
higher.“Optimistictradersshould shift their stop losses to 10,690.
On the higher side, we do not see any convincing signal of strength
to surpass the strong resistance zone between 10,780 and 10,800,

Global Market:
·Asian markets- Asian markets are higher today as Japanese and
Hong Kong shares show gains. The Nikkei 225 is up 0.17% while
the Hang Seng is up 0.81%. The Shanghai Composite is not trading
·US Markets: US stocks rose on Wednesday as energy shares 
jumped on the back of a strong rally in oil prices. The move higher 
follows President Donald Trump’s decision to pull the US out of 
the Iran nuclear deal.
 ·European markets- European markets finished broadly higher today with shares in London leading the region. The FTSE 100 is up 1.28% while Germany's DAX is up 0.24% and France's CAC 40 is up 0.23%

Major Headlines of the day:
·EID Parry: Company's Q4 net profit down 86.43 percent
·Federal Bank: Q4 profit down 44% YoY at Rs 145 cr on jump in provisions, bad loans
· Eicher Motors: Flat growth in Q4 net profit at Rs 461.5 crore.
· JSPL: Widens net loss to Rs 426.4 crore for the March quarter.
·  Magma Fincorp posts Q4 net profit at Rs 71.48 crore.
· Avanti Feeds approves stock split in the ratio of 1:2 and issue of bonus shares in 1:2 ratio.
Trend in FII flows:The FIIs were Net Value of Rs  -704.03 the cash segment WEDNESDAY while the DIIs were Net Value of Rs 664.92 as per the provisional figures.

TODAY ON EARNING FRONT:-   Titan, Adani Enterprises, Adani Transmission, Apollo Tyres, Chambal Fertilisers, Jubilant Industries, KRBL, Laurus Labs, Novartis India, Quick Heal Technologies, Tata Communications, Vimta Labs, Voltamp Transformers, Mphasis

Securities in Ban For Trade Date 10-MAY-2018 :-

2.  DHFL
4.  IRB
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