Saturday 20 Oct, 2018 05:48 AM
Site map | Locate Us | Login
   PNB Housing Finance Ltd leads losers in 'A' group    Themis Medicare Ltd leads losers in 'B' group    Most sectoral indices on BSE slide    Volumes spurt at Blue Dart Express Ltd counter    Hindustan Unilever Ltd up for third consecutive session    RIL slumps after declaring Q3 result    ITC Ltd gains for fifth session    Kotak Mahindra Bank Ltd up for five straight sessions    Shiva Mills Ltd leads gainers in 'B' group    Jet Airways (India) Ltd leads gainers in 'A' group    Volumes jump at Sudarshan Chemical Industries Ltd counter    ACC drops after Q3 result    Reliance Industries Ltd Falls 5.88%, S&P BSE Energy index Drops 3.83%    SBI gains on fund raising plan     Hindustan Petroleum Corporation Ltd Surges 2.17% 
Saravan Stocks
       
Pre - Session
Preview on the major events which influences the market on that day.
Market may extend recovery
03-Oct-18   08:01 Hrs IST

Market is seen opening higher tracking overnight gains on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 54 points at the opening bell.

Overseas, Asia markets were mixed on Wednesday. Markets in China and South Korea are closed for a public holiday.

In US, the Dow Jones Industrial Average hit a record high on Tuesday as it rallied for a second day, boosted by gains in Intel and optimism around global trade. Stocks were coming off strong gains from the previous session after Canada joined the US and Mexico in a new trade deal. The United States-Mexico-Canada Agreement, or USMCA for short, will see all three countries compromise on certain trade aspects. More market access will be granted to US dairy farmers, while Canada has agreed to effectively cap automobile exports to the States.

Trade war remains in focus for the markets. Following the new USMCA deal to replace the current North American Free Trade Agreement, eyes are now on Washington's ongoing trade fight with China. Investors will be looking to China, to see if Beijing and Washington can compromise on certain trade elements.

In the UK, the Conservatives' annual party conference was under way with Prime Minister Theresa May facing pressure over her proposal for future UK-EU relations, known as the Chequers plan, which has already been rejected by EU leaders. Any additional signs of political instability in Europe could weigh on the US, where multinational firms have a large amount of revenue exposure to the region.

Further in Europe, Italy last week unveiled a 2019 budget deficit target that has met stiff opposition from European Union officials, who say it will violate the bloc's fiscal rules. Italy's coalition government proposed a budget that would increase the deficit to 2.4% of gross domestic output in 2019, well above the initial target of 0.8% proposed by the country's previous centre-left government. The current target range for this year is 1.6%. The deficit blowout revived fears of the eurozone debt crisis and put pressure on the euro.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,841.63 crore on 1 October 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1,804.94 crore on 1 October 2018, as per provisional data.

Benchmark indices snapped their three-day losing streak on Monday, 1 October 2018 led by gains in HDFC, TCS, Infosys and HDFC Bank. The Nifty managed to close above 11,000-mark. The Sensex rose 299 points or 0.83% to settle at 36,526.14. The Nifty 50 index rose 77.85 points or 0.71% to settle at 11,008.30.

Indian equity market was shut on Tuesday, 2 October 2018, on account of Mahatma Gandhi Jayanti.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.G Anand , anand@ssplwealth.com
Hit Count : 9614680
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016  |  MCX : INZ000081736
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 12815 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. Saravana Stocks Pvt. Ltd