Global Stocks Amid Simmering Trade Worries; IPOs & Top Stocks to Sway the Market Today

Fri, 16 Mar Pre-Open

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On Thursday, Indian share markets ended lower after a choppy session with financial stocks continuing their downtrend, while fertiliser stocks gained after the continuation of a government subsidy for urea.

The S&P BSE Sensex ended down by 150 points while the broader Nifty 50 index settled at 10,360, down 51 points.

Top Stocks in Focus

HG Infra Engineering share price will be in focus after company said it has been declared, lowest bidder (L-1) for new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lanes with paved shoulder configuration from Kundal to Jhadol in the state of Rajasthan.

Jet Airways has expanded its domestic network and added 144 new weekly flights comprising both non-stop and one-stop services as part of its summer schedule, beginning from March end.

NMDC share price will be in focus after it reported 31.32 million tonnes (MT) of iron ore production and logged sales volume of 31.92 MT up to the month of February 2018.

Fertilizers companies will hog limelight after the government approved a proposal to extend urea subsidy till 2020.

Indian Hotels Company share price will be in focus after Tata Sons acquired more than 6% stake in the company from three promoter entities as part of restructuring the investment portfolio.

Global Stock Market Drivers

Stocks and bonds fluctuated in Europe and Asia as traders assessed the first statements of President Donald Trump's new economic adviser. US equity futures pared gains and Treasuries drifted higher.

Lackluster US retail sales data provided the last major economic indicator prior to the Federal Reserve's policy decision next week.

Here are some of the key things happening this week:

• Japan industrial production will be out today.
• EU27 government officials will discuss the European Union's Brexit position.

IPO Buzz

The initial public offering (IPO) of defence firm Bharat Dynamics got 1.23 times subscription on the third day of the bidding process on Thursday.

And, the IPO of private lender Bandhan Bank was subscribed 41.65% on the first day of the bidding process on Thursday.

Meanwhile, HDFC AMC (Asset Management Company), a subsidiary of mortgage lender HDFC filed a draft red herring prospectus on Thursday for initial public offer with capital market regulator. HDFC will sell over 4% stake in its asset management arm HDFC AMC through the IPO.

Speaking of IPOs, the demand for IPO's had reached sky-high levels last year.

One shall note that, more than 70% of the IPOs listed in 2007 and 2008 are in the red, even today when the Sensex is at an all-time high.

A merit-based selection primarily including valuation, business, and management quality is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often than not.

To know more, download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the IPO rush.

Oil Steadies as Equities Gain

Oil prices were broadly steady on Thursday, supported by a pickup in equity markets, but held back by evidence that supply will overtake demand this year.

Brent crude futures LCOc1 were last down 13 cents on the day at US$64.76 a barrel, while US West Texas Intermediate (WTI) crude futures CLc1 were up 1 cent at US$60.97 a barrel.

Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018, the International Energy Agency (IEA) said on Thursday.

To keep a tab on the movements in crude oil and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency and commodity markets.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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Indian Share Market Update: Top Gainers and Losers