Tuesday, 11 April 2017

What changed for the market while you were sleeping?

The Nifty is likely to start on a flat-to-positive note on Tuesday after closing lower for the second consecutive session in a row. The index closed below its crucial support level of 9,200 and its 5-days exponential moving average placed at 9,204. Here are top cues from domestic as well as international markets which could have a bearing on D-Street.

India, Australia sign 6 pacts

India and Australia inked six pacts including one aimed at boosting counter? terrorism cooperation after talks between Prime Minister Narendra Modi and his Australian counterpart Malcolm Turnbull.

SGX Nifty

The Nifty futures on the Singapore Stock Exchange were trading 4 points higher at 9,214 indicating a flat-to-positive opening for the domestic market.

Oil prices rise, treasuries fall

Oil futures rose on Monday due to uncertainty on the situation in Syria while US Treasury yields slipped in line with the US dollar.

IT spending likely to grow at a lower pace in 2017

Global information technology (IT) services spend in 2017 is projected to grow 2.3% to $917 billion, estimates Gartner Inc., lower than its earlier estimate of 4.2% and the 3.6% growth recorded in 2016, on account of protectionist policies, especially in the US, said a report.

FY17 flows into MFs highest in 11 years

Mutual funds in 2016-17 received the highest net inflows in at least 11 years, led by income and liquid schemes. Net inflows in the fiscal year ended March rose 155.66% from a year before to Rs 3.43 trillion.

Riyanshi

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