Nifty likely to open lower, IndiGo, Siemens, Fortis in news
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.
· 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 :-