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IT’S “RISK ON” TIME - HDFC Securities
Key U.S. indices rallied Friday, finishing near their highs for the day, as trade tensions appeared to ease and reports suggested that Germany might consider ideas to stimulate its faltering economy. Asian markets are chirpy this morning as news of resumption of trade talks between China and USA are trickling in.
Indian investors were eagerly awaiting a stimulus package from the government. The announcements that the markets were expecting at the weekend, have not materialized, though hopes are still alive.
14 companies that were listed only on BSE, starts trading on NSE from today and they are likely to attract lot of volumes and attention. Essar steel insolvency case will be heard in Supreme Court today. We are eagerly awaiting resolution of this case as it has power to lit fire under PSU bank’s pot.
The Nifty managed to close Friday with a gain of 18 points at 11,047 despite a net 700 point fall in the Dow on Wednesday and Thursday. This is praise worthy.
The Nifty is likely to open higher today and the Rupee is expected to open flat against the U.S. dollar.The possibilities of an extension of the pull back in the Nifty to higher levels exist. Any close above 11,200 would lead to further short covering.
Shares of 14 companies to be listed on NSE from today The National Stock Exchange (NSE) has said that shares of following 14 companies will be listed on the exchange for trading from today.
SpiceJet, Force Motors Limited, Westlife Development Limited, B.C. Power Controls Limited, Jiya Eco-Products Limited, Vishal Fabrics Limited, Kennametal India Limited, Jump Networks Limited, Shree Digvijay Cement Co. Limited, Dolat Investments Limited, Waterbase Limited, VikasProppant& Granite Limited, VikasWsp Limited and Hindustan Foods Limited.
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HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475
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