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Achiievers Equities Daily Morning Outlook

Achiievers Equities | 18 Jul, 2016  | Follow Author | Add to my Favourites 
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Achiievers Equities' daily morning outlook brings to you market update, technical overview on Nifty and other indices. Get daily update on Gainers and Losers in the Indian stock market

 

MARKETS AT A GLANCE

Indian equities are likely to open higher tracking positive SGX Nifty which was trading up by 18.5 points or 0.22% at 8,579 at 11:00 am Singapore time. Meanwhile, Asian stocks outside Japan rose for a sixth day on Monday following another record close on Wall Street on Friday. However, investors gave a muted reaction to the failed coup terror attempt in Turkey. Expectations that central banks around the world will introduce fresh stimulus for their economies boosted sentiments. While markets in Japan were closed for a holiday, Hang Seng posted slim gains and Taiwanese shares extended gains. However, Shanghai Composite fell as the data released on Monday morning showed average housing prices in China rose at a slower pace in June from a month earlier. New home prices in the mainland in June rose 0.71% in June from a month earlier, as against gains of 0.84% and 1.03% recorded in May and April month respectively. Back home, the focus of Dalal Street investors will be on the Q1 earning results of India Inc. with corporate biggies such as HUL, Ultratech, Wipro, Axis Bank, HDFC Bank and Kotak Mahindra Bank scheduled to announce results this week. An improvement in earnings at India Inc. could signal a revival in business sentiment. Further, the start of monsoon session of Parliament will also be closely watched by the investors with optimism over the passage of the allimportant GST bill. The monsoon session of Parliament will commence from 18 July 2016 and concludes on 12 August 2016. Shares of Reliance Industries Ltd will remain in focus as the company on Friday posted stellar numbers with a rise of 18.1% in its consolidated net profit after taxes at Rs 7,113 crore in Q1FY17, as refining margin soared to eightyear high.

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About Achiievers Equities

Achiievers Equities is one of India’s leading financial conglomerates, offering complete financial solutions that encompass every sphere of life. They have expertise in advisory services for both cash and derivative sides of capital and commodity market and are also distributors of savings/investment instruments like Mutual Fund, Bonds, IPO, Corporate Fixed Deposits and Insurance.


For more information please contact [email protected]


Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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