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Sunday, 7 January 2018

Market Insight - Dow, Dow Futures, Hangseng, SGX Nifty & Nikkei 8 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.

The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major indexes to records.





Dow

 

Dow Futures

 

Hangseng

 

Nikkei

SGX Nifty

 

25295.9

25339.0

30830.8

23714.5

10623.5

220.7

70.0

16.1

Unchanged

43.0

0.88%

0.28%

0.05%

Unchanged

0.41%



Asian shares neared all-time peaks on Monday after Wall Street boasted its best start to a year in over a decade, with brisk economic growth and benign inflation proving a potent cocktail for risk appetite.

Market is expected to open with gap up and likely to witness positive move during the day.
Jindal Steel and Power Ltd (JSPL) will raise Rs 1,000 crore through QIP route in February.
Brigade Enterprises Ltd, which is in the process of moving all its hotel assets into a separate unit, may consider listing the new entity as a real estate investment trust (REIT) or going public.
The US Food and Drug Administration is expected to begin inspection of Sun Pharma's manufacturing facility at Halol in the second week of February
NBCC secured work from Ecotourism Development Corporation of Uttarakhand, Dehradun amounting Rs 2000 crore.
SBI files insolvency plea against Visa Steel Tata, Lodhas keen to take Jaypee Expressway of Jaypee Infratech Seamec enters into a charter party with GOPL Offshore for charter hire of vessel Seamec III for $2.4 million.

Banks have classified the debt of Sathavahana Ispat as NPA.
Promoters of Aban Offshore Ltd have offered to pay up to $600 million in a one-time settlement to 17 banks to which it collectively owes nearly $2 billion, two people aware of the development said. Banks continue to talk to the company, but are yet to take a final decision, the people cited above said on condition of anonymity. Aban Offshore is among the 28 companies on the Reserve Bank of India’s second list of large corporate defaulters. Banks which lent to these companies must either finalize resolution plans for them or initiate insolvency proceedings at the National Company Law Tribunal (NCLT). “The banks, meanwhile, are willing to take up to a 50% haircut which translates to around $1 billion as a potential one-time settlement,” this person added.

Sagar Cement Q3 sales volume came at 680lakh T Vs yoy 4.72 lakh T up44.2% qoq 5.98 lakh T up  13.7%

Sobha Developer achieved sales volume of 9.33 lakh sq ft valued at Rs.751cr Vs qoq 8.61 lakh sq ft valued at Rs.675cr yoy 6.14lakh sq ft Value Rs.391cr
Tata Steel Q3 Sales Volume

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