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.
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 :-
1.
BALRAMCHIN
2.
DHFL
3.
PC
JEWELLERS
4.
IRB
5.
JETAIRWAYS
6.
JUSTDIAL
7.
WOCKPHARMA
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