Nifty likely to open lower, IndiGo, Siemens, Fortis in news

Indian Indices:                             

The Nifty50 is expected to open lower on Thursday following 

muted trend seen in other Asian markets. The Nifty50 closed 21 

points lower at 10,718 on Wednesday. Trends on SGX Nifty 

indicate a negative opening for the broader index in India, a fall of 

48.5 points or 0.45 percent. Nifty futures were trading around 

10,708-level on the Singaporean Exchange.

Global Market:

· Asian markets- Shares in Hong Kong are lower today as the Hang 

Seng falls 1.77%. The stock markets in Tokyo and Shanghai are 

closed at this time.

·US Markets: US stocks fell on Wednesday as potential US 

restrictions on Chinese telecom companies reinforced investor 

concerns about worsening trade relations between the United 

States and China.

 ·European markets finished broadly higher today with shares in Germany leading the region. The DAX is up 1.51% while London's FTSE 100 is up 0.30% and France's CAC 40 is up 0.16%.

  

Major Headlines of the day:

·Biocon: US FDA completed pre-approval inspection of Sterile drug manufacturing facility, Bangalore this week USFDA issues Form 483 with 7 observations.

·National Fertilizers Q4 net profit down 23.9% at Rs 67.68 crore, revenue up 12.8% at Rs 2,095.73 crore.

· Siemens Q2 net profit up 18.2% at Rs 219.7 crore, revenue up 7.6% at Rs 3,283.4 crore.

· Kridhan Infra's subsidiary Swee Hong wins order worth Rs 566 million

·Sical Logistics received letter of acceptance from Northern Coalfields for excavation of overburden from Amlohri OCP

· ONGC drills 503 wells in FY18 - Highest in last 27 years

· Monsanto: The firm’s Board will be meeting on May 15, 2018 to discuss financial results and a dividend issue.

Trend in FII flows:-  The FIIs were Net Value of Rs -525.93 the cash segment WEDNESDAY while the DIIs were Net Value of Rs 165.84 as per the provisional figures.

TODAY ON EARNING FRONT:- Adani Ports, HCC, Adani Power, Hexaware Technologies, IRB Infra, JSW Energy, MRF

Securities in Ban For Trade Date 03-MAY-2018 :-

PCJEWELLER, IRB

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