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Wednesday, 3 January 2018

Market Insight - Dow, Dow Futures, Hangseng, SGX Nifty & Nikkei 4 Jan 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 were higher after the close on Wednesday, as gains in the Oil & Gas, Technology and Healthcare sectors led shares higher.

Dow

 

Dow Futures

 

Hangseng

 

Nikkei

SGX Nifty


24922.7

24897.0

30686.1

23326.1

10502.0

98.7

19.0

125.1

561.1

23.0

0.40%

0.08%

0.41%

2.46%

0.22%



Asian shares scaled a 10-year high on Thursday as solid economic data from the United States and Germany reinforced investors' optimism while oil prices hovered at 2-1/2-year high with unrest in Iran stoking supply disruption concerns.

Market is expected to open on positive note and likely to witness range bound session.
Aurionpro’s  subsidiary, Cyberinc, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on January 31, 2018 SJVN to consider share buyback on January 8 Unichem Laboratories board meeting on January 8 to consider buyback Hindustan Foods starts commercial production of pest care products for supplying to Reckitt Benckiser NALCO lines up 3 projects, invests Rs 25,000 crore.

A health ministry panel has raised concerns about the safety of painkiller injection diclofenac marketed by drug maker Novartis India and made by Themis Medicare Ltd, after Troikaa Pharmaceuticals alleged that the painkiller injection contains Transcutol, which damages kidneys.

The Reserve Bank of India has ordered banks not to initiate bankruptcy proceedings against Jaiprakash Associates, possibly in anticipation of legal complications after a Supreme Court ruling barred its promoters from selling or transferring assets, said bank executives. The ruling was aimed at safeguarding the interests of buyers of homes being built by the company.

NBCC has secured Rs 314.8 cr business orders in December, which included a contract for construction of border fence and road along Indo-Bangladesh border in Meghalaya amounting Rs 215.8 cr at a PMC fees of 7.0%.

Adhunik Group has received about 15 to 20 separate EoIs collectively for its four struggling resources and metals companies that now await the resolution of Rs 5,000 cr in debt and claims at dedicated insolvency courts.

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