Thursday, 20 April 2017
20th April 2017- Today's INDIAN STOCK MARKET Update >> Get Free Stock Tips and more
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Benchmark indices remained moderately higher amid consolidation in the morning while the broader markets continued to outperform. Oil and HDFC Group stocks supported the market while infra and select banks stocks were under pressure.
GLOBAL MARKETS: Asian peers Hang Seng, Nikkei, and Shanghai were trading higher by 0.32 per cent, 0.32 per cent and 0.11 per cent, respectively, in morning trade.
Domestic equity markets are likely to trade on a flat note with a negative bias on Thursday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
FII & DII ACTIVITIES ON PREVIOUS TRADING DAY:
The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 64.66 per dollar versus 64.58 Wednesday.
The rupee is rangebound, consolidating after sharp gains in March. The USD-INR trading range for the day is 64.50- 64.80/dollar.
The dollar rose, a day after dropping to a 3-week low, but gave up some gains after a report from the Federal Reserve suggested the outlook for the US economy isn't as rosy as it was earlier in the year.
Refined Gold prices declined by 0.82% to end the session at Rs 29271 per 10 grams. Supports for Gold is at Rs 29000 per 10 grams. On the higher side, Rs 29700 per 10 grams are noted resistances.
India Cements: India Cements announced that the National Company Law Tribunal, Chennai Bench vide its order dated 13 April 2017, has approved the scheme of amalgamation and arrangement between Trinetra Cement.
The National Stock Exchange will add 16 stocks to the futures and options segment with effect from April 28. BajajFinserv, Nestle India, Berger Paints MRPL, NBCC Cholamandalam Investment, Balkrishna Industries, FortisHealthcare Mahanagar Gas, V-Guard Industries, Can Fin Homes, MCX, Godfrey, Phillips India, GSFC, Raymond andBalrampur Chini Mills are the entrants to the segment.
Sun TV: Global brokerage house CLSA upgraded Sun TV to ‘Buy’ from ‘Sell’ and raised the target price of the stock to Rs 1,015 from Rs 661 earlier.