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Monday, 11 December 2017

Zoid Research Market Insight - Dow, Dow Futures, Hangseng & Nikkei 12 Dec 17

Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.

U.S. stocks closed higher on Monday as investors prepared for an expected Federal Reserve rate hike later in the week, while stocks rose around the world on continued solid global economic growth indicators.

Dow
24386.0
56.9
0.23%

Dow Futures
24431.0
30.0
0.12%

Hangseng
28955.9
-9.4
-0.03%

Nikkei
22944.2
5.5
0.02%

SGX Nifty
10338.5
-7.5
-0.07%

Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

Market is expected to open on flattish note and likely to range bound during the day.
Dr Reddy has got site clearance (EIR) for Bachupally plant. Contributes 50% of US revenues. Positive however key thing to watch is company's another site Duvada's status  
GNA Axles started commercial production from its two newly installed Automated Machining Lines at its unit in Punjab
Asian Paints acquired remaining 49% stake in Sleek from Ahuja Family for Rs 50 crore.

IL&FS Engineering wins 216 crore pipeline laying contract from GAIL.
UCO Bank/ Allahbad Bank sell Jai Balaji loans worth Rs 1500 crore to Edelweiss ARC.
Torrent Pharma expanded insulin manufacturing for Denmark headquarterd healthcare company Novo Nordisk
GAIL to import 5mt of LNG from US Punjab National Bank to raise up to Rs 5,000 cr via QIP.

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