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Monday, February 12, 2018

Sensex rebounds 200 pts, Nifty above 10,500; SBI falls 4%, BOB up 4%;

Indian Indices:

The Indian benchmarks are likely to witness a positive opening today tracking firm Nifty futures on the Singapore Stock Exchange and
mixed cues from global peers.  positive SGX Nifty Index Futures for February delivery, which was trading at 10,478.50, up by 21.50 points
or 0.21at 11:20 AM Singapore time, also signaled a higher opening for the domestic equity bourses. Meanwhile, Indian equity market is
expected to remain volatile this week due to pulling out of funds by foreign investors due to selloff on Wall Street amid fears of rising inflation, higher interest rates and a rise in US Treasury yields.

Foreign investors have pulled over Rs 3,800 crore from the Indian stock
markets in the last seven trading sessions mainly due to global sell-off. Dalal Street investors will react to earnings report of State
Bank of India which reported a massive quarterly loss on the back of a spike in provisions towards bad loan and hardening of bond yields.
The country's biggest lender on Friday reported a loss of Rs 2,416 crore, its first quarterly loss in 17 years in the three months to December
On the Earning front

Stock  focus will be on : AMARAJBAT, COALINDIA, BANKINDIA, BRITANNIA, GAIL, GLAXOSMITH, NHPC, PFC, PTC, KESORAM, GSFC, BFUTILITIE,
INDIANBANK,JKTYRE,PFC,RAJESH EXPO, among others which will announce their December 2017 quarter earnings report today.

On the Corporate front

Focus will be on India’s industrial production data for December 2017 which will be released on Monday, February 12. Industrial
production rose 8.4% in November 2017 as compared with just 2.2% growth in October 2017. Further, inflation data based on
consumer price index (CPI) for January 2018 will be released today. The CPI inflation jumped to a 17-month high of 5.21% in
December of 2017.

PREVIOUS DAY ROUNDUP (DOMESTIC)
The Indian benchmark indices ended deep in the red on Friday in line with Asian peers, as the global rout in equities returned, while
lingering concerns over inflation back home weighed on the market.

Global Market:
Major Asian markets are trading in the green, at present Shanghai Composite is trading 0.2 % higher, while Hang Sang is trading up 0.32%. Nikkei is shut in today’s trade.
US Markets: Wall Street witnessed heavy volatility in Friday’s session ending the session firmly in the green.
European markets closed in the red on Friday with FTSE down 1.1%, CAX was down 1.42% and DAX closed 1.26% lower.

Major Headlines of the day:
Omaxe Ltd has received a green nod for expansion of its township in Mathura, Uttar Pradesh at an investment of Rs170cr, according to media reports.
Ajanta Pharma and Cadila Healthcare have reported that their manufacturing facilities have completed successful USFDA inspection without any adverse observation.
Airbus had informed IndiGo about an issue on some of the engines powering its A320neo aircraft. The issue impacts a limited subpopulation of engines and IndiGo had to ground 3 of its aircraft in the interim. IndiGo continues to operate its other A320neo aircraft.

Trend in FII flows: The FIIs were Net Value of Rs -1351.70  the cash segment Friday while the DIIs were Net Value of Rs 588.42 as per the provisional figures.

Securities in Ban For Trade Date 09-FEB-2018:
1.BALRAMCHIN
2.GMRINFRA
3.HDIL
4.JISLJALEQS

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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