INDIAN EQUITY MARKET OUTLOOK - 15 MAY 2017

Bulls dominate on D-Street;

Indian Indices:

Indian equity markets are likely to open on a positive note on Monday, as cues from Asian markets are mostly positive. The bullish trend in the SGX Nifty, which was trading with gains of 27 points at 9,445, indicated that domestic bourses may open on a positive note.

Back home, India markets on Friday opened the session with modest gains and soon after opening it slipped in negative terrain and it remained weak for the major part of the trading session. Buying was seen in the last hour trading session and the market ended the session with modest losses but off the day's low.

BSE Sensex opened up by points at , while the Nifty50 opened higher up by points at the mark. BSE Sensex opened up by 122 points at 30314, while the Nifty50 opened higher up by 33 points at the 9433 mark.Nifty50 going forward has support placed in the region of 9,350-9,360 and, on the upside, resistance is likely to come in around levels of 9,450 and 9,480.ONGC is the top Nifty gainer and Bharti Infratel is the top Nifty loser in the morning hours

Global Market:

Asian Markets are trading in the green on Monday. Japan’s Nikkei 225 has shed 35 points as the yen strengthened against the dollar. Hong Kong’s Hang Seng is trading with gains of 96 points.

US stocks closed mixed. The Dow Jones and S&P both closed in the red, while the Nasdaq finished higher.

Wall Street slides as investors fret about retail. US stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth.

Major Headlines of the day:

·RBI goes for security upgrade for note storage, transportation.

·Power Grid Corporation approves $1 bn medium term note.

·Bank, in its BSE filing on Friday, May 12, 2017, has said the board of directors at its meeting took note of the measures taken by the Reserve Bank of India.

Trend in FII flows: The FIIs were net buyers of Rs  841.80 the cash segment on Friday while the DIIs were net sellers of Rs –710.83 as per the provisional figures.

UPCOMING RESULTS: CENTRALBANK, KTKBANK, MANGALAM, BATAINDIA, CHENNAIPETRO, COLPAL, MRPL, JKTYRE, KAJARIA, TUBEINVESTMENT, SOUTHBANK, IDEA, J&KBANK, VEDL.

Securities in Ban For Trade Date 15-MAY-2017:

1.CANBK

2.CEATLTD

3.HDIL

4.IBREALEST

5.IFCI

6.JISLJALEQS

7.JSWENERGY

8.KTKBANK

9.ORIENTBANK

10.SYNDIBANK

11.UJJIVAN

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