Moneycontrol
Last Updated : Jan 17, 2018 09:34 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to consolidate a bit; HUL, TCS and GAIL in focus today

Analyst advise investors not to make fresh long positions on dips and square of any leverage bets.


The index witnessed came under pressure in opening trade thanks to muted global cues

Wall Street was closed on account of a public holiday

Also, weak rupee, along with trade deficit data number weighed on sentiment

After a long time we saw some tiredness in the broader market, some corrected over 5%

BSE Midcap and BSE Small Cap Index underperformed the benchmark significantly

PSU banks, NBFCs corrected spooked by rising bond yields

Analyst advise investors not to make fresh long positions on dips and square of any leverage bets, if any

Largecap are the stocks to be in – if somebody is looking for favourable risk-to-reward ratio

Gold eases from four-month peak as dollar claws back

Euro hovers near three-year high, bitcoin tumbles

Oil prices drop off three-year highs but strong demand supports

Rupee sinks 55 paise to 64.04 on trade deficit concerns

The intense volatility pushed the rupee to hit a fresh low of 64.15 in intra-day levels during mid-afternoon after a sense of panic rippled through currency trading floors.

FPIs bought Rs693 crore from equity markets

DIIs sold Rs246 crore shares in Indian equity market

Headlines

GST Council set to cut rates on 70-80 items; this is Moneycontrol exclusive

The indirect tax system is set to undergo significant changes, which will include simplification of return filing process

Amendment in laws and rules to simplify procedures

Along with rate cuts of around 70 goods and services Council’s New Delhi meet on Thursday to take up big bang recommendations

Fall in GST rates will give a big boost to consumption

Amber Enterprises Rs 600-cr IPO to open on Jan 17

Amber Enterprises India will open its Rs 600-crore initial public offering on January 17

Amber Enterprises is a market leader in the room air conditioner OEM/ODM industry

It serves top brands such as Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool.

Price band at Rs 855-859 per share

The issue will close on January 19.

It allots Rs178.71 crore @ Rs859 per share to 15 anchor investors

Newgen Software IPO subscribed 19% on Day 1

The company had raised over Rs 127 crore from anchor investors on Monday.

The IPO, which aims to raise Rs 425 crore, received bids for 23.16 lakh shares

The price band has been fixed at Rs 240-245 per share

The initial share-sale of Newgen Software's will be open for public subscription till January 18.

Rupee Slips on Rising Oil, Trade Deficit Concerns

The rupee was one the worst performing emerging market currencies in the world on Tuesday as rising oil prices worsening trade deficit added to woes
Rupee hit a three-and-a-half year high in December spooked investors.

Bonds also suffered a rout after the Reserve Bank of India deputy governor Viral Acharya signalled that the regulator wouldn’t bail out banks from market losses.

The new benchmark bond yield spurted about 20 basis points to 7.38% since its introduction earlier on January 5.

BSE to begin mock trading in commodity derivatives from January 29

The stock exchange has also informed its trading members that once commodity derivatives are launched, their trading would be conducted on the exchange's BOLT Plus. The platform currently offers trading in equities, equity derivatives as well as currency derivatives.
First Published on Jan 17, 2018 09:31 am
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