Indian Indices:
Equity benchmarks opened at fresh tape high on Tuesday, continuing upside despite mixed Asian cues. Nifty50 needs to sustain higher upward the grade of 9,455 to extend its upward deed towards the levels of 9,480-9,500. On the downside, immediate back upward stands at the grade of 9,420, together with if this support is breached, the adjacent back upward is placed only about the grade of 9,370.
Bharti Airtel was the biggest gainer amid largecaps, upward virtually iii per centum followed yesteryear Tata Steel, TCS, Dr Reddy's Labs, IOC, ACC together with ICICI Bank.
There are 931 advances, 478 declines together with 481 unchanged stocks on NSE reflecting some positive bias floating inward the market.
The 30-share BSE Sensex was upward 63.33 points at 30,385.45 together with the 50-share NSE Nifty rose 12.55 points to 9,457.95. About 643 shares advanced against 258 declining shares on the BSE.
Global Market:
Asian markets were mixed, next the bounce inward crude oil prices subsequently the liberate energy ministers of Russian Federation together with Kingdom of Saudi Arabia announced output cuts should be extended till March 2018 together with every bit investors largely shrugged off US of America political tidings on President Donald Trump.
US stocks shut inward the positive territory. The Nasdaq Composite together with the S&P 500 shut at fresh records every bit a precipitous bounce inward crude oil prices helped to lift sentiments on Wall Street.
European markets tumbled into the mixed territory yesteryear mid- morn inward today’s merchandise subsequently hitting a tape high.
Major Headlines of the day:
• Capacity of Indocount Industries has increased from 68 meg meters to ninety meg meters. • Tata Motors ropes inward Tom Flack every bit Chief procurement officer. • Colgate to ready herbal presence every bit contest grows.
Trend inward FII flows: The FIIs were cyberspace buyers of Rs 235.33 the cash segment on Mon piece the DIIs were cyberspace sellers of Rs -65.77 every bit per the provisional figures.
UPCOMING RESULTS: ANDHRABANK, DISHMAN, GRASIM, ORIENTPAPER, PNB, QUESSCORP, SOBHA, TATASTEEL, TCI, WHIRLPOOL, OFSS, PIIND, SHREE CEM.
Securities inward Ban For Trade Date 16-MAY-2017: 1.CANBK 2.CEATLTD 3.IBREALEST 4.IFCI 5.JISLJALEQS 6.JSWENERGY 7.KTKBANK 8.ORIENTBANK 9.SYNDIBANK 10.UJJIVAN
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