INDIAN EQUITY MARKET OUTLOOK - 02 JAN 2017

Muted start likely on Dalal Street

Indian Indices:

Indian equities are poised to open the first trading session of year 2017 on subdued note in absence of any major trigger from global cues as most of Asian and US markets remained on eve of New Year's Day.

Investors would react to cut in lending rates by most of the banks and new sops from the government for poor such as low-cost housing and other social benefits. On the corporate front, auto stocks will remain in focus as the companies would announce their December month sales number.

The Bombay Stock Exchange bellwether Sensex closed at 26626.46 up by 260.31 points or by 0.99 per cent, while the NSE Nifty closed at 8185.8 points, trading higher by 82.2 points or by 1.01 per cent.

Global Market:

U.S markets will be closed on Monday, January 2.

Major Headlines of the day:

·Coal India: Coal India allocated 3.1 million tonnes of coal under spot e-auction in November 2016, down 29.5% from the year-ago period

 ·Siemens: In a major land deal, realty firm K Raheja Corp and Singapore's sovereign wealth fund GIC will jointly purchase a property located at Worli, Mumbai for Rs 610 crore from Siemens.

 ·Eicher Motors: Royal Enfield, the two-wheeler division of Eicher Motors, reported a 42% jump in total sales at 57,398 units in December 2016.

Trend in FII flows: The FIIs were net buyers of Rs -585.64 Cr in the cash segment on Friday  while the DIIs were net sellers of Rs  725.26, as per the provisional figures.

Get real time advice for  Stock Trading tips , Best Accurate Stock Tips , Stock Market Live , Equity Tips  and all Maket Updates From Capitalstars  .

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647