Watch | [email protected]: Will market have a modest start today?

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The Nifty50 breached its crucial support placed at 50-DEMA but last hour buying pulled it around that mark

-Considering the fact we are trading near crucial support levels, a technical bounce could be on cards

-The index has strong support placed near 10,000 which would be difficult for bears to breach in a hurry

Investors are advised to stay cautious and do not hurry in making fresh long positions

-FII which bought over Rs2000 crore turned net sellers again in Wednesday’s session

-Gold drops slightly in choppy trade as dollar pares losses

-Oil prices fall for fourth day after U.S. crude stocks rise

-Dollar pares losses against euro, yen after U.S. data

-Rupee closes higher against US dollar

The rupee closed at 65.21 against the dollar, up 0.32% from its Tuesday’s close of 65.42

-FPIs sold Rs381 crore from equity markets

-DIIs bought Rs869 crore shares in Indian equity market

Headlines

-Air pollution: Delhi government plans to procure 500 e-buses

Grappling with the air pollution crisis in the city, the Delhi government has chalked out a short-term plan to procure 500 electric buses (e-buses), an official said on Wednesday.

-Delhi to get BS-VI fuel two years early to tackle pollution

Bharat Stage VI (BS-VI) fuel will now be available with effect from 1 April 2018 in Delhi, the petroleum ministry said, and added that it is examining the possibility of introducing BS-VI fuel across the national capital region by 1 April 2019.

-Difficult to have BS-VI vehicles for Delhi by 2018: Auto industry

He was reacting to the announcement by the Ministry of Petroleum and Natural Gas that introduction of BS VI fuels will be advanced to April 2018 in the national capital territory considering the serious pollution levels in Delhi and adjoining areas.

-North Korea ‘sentences Trump to death’ for insulting Kim Jong-un

Regime-run newspaper says US president is ‘hideous criminal’ after he said North was a ‘cruel dictatorship’ and Kim ‘short and fat’

-India, EU hold discussions on proposed free trade agreement

Senior officials of India and European Union (EU) on Wednesday held discussions on the long-stalled free trade pact and expressed willingness to address issues in a time-bound manner, the department of commerce said.

-NGT directs AAP govt to seize 10-year old diesel taxis

The National Green Tribunal has voiced concern over 10-year-old diesel taxis operating in the national capital and directed the AAP government to seize them without any delay as they cause air pollution.

-US consumer prices edge up, retail sales unexpectedly increase

Consumer Price Index edged up 0.1 percent last month after jumping 0.5 percent in September. That lowered the year-on-year increase in the CPI to 2.0 percent from 2.2 percent in September.

-Centre asks states to ensure GST cuts passed on to consumers

With lower GST rates coming into force from Wednesday, Consumer Affairs Minister Ram Vilas Paswan directed state enforcement officers to ensure that benefits are passed on to consumers.

-Outward FDI drops 58% to $1.35 bn in Oct: RBI

Overseas investments by Indian firms dropped about 58 percent in October to USD 1.35 billion on annual basis, as per the RBI data.

-Zimbabwe’s army seizes power, Mugabe confined but ‘safe’

Zimbabwe’s military seized power on Wednesday saying it was holding President Robert Mugabe and his family safe while targeting “criminals” in the entourage of the man who has ruled the nation since independence 37 years ago.

-200 items cheaper as GST cuts notified

The government formally notified the lower rates, including on chocolates, waffles, furniture, wristwatches, cutlery, suitcases, ceramic tiles and articles of cement

-Two Senate Republicans critical of party’s tax plan

A Senate Republican tax plan that would repeal the Obamacare mandate and give permanent tax cuts only to U.S. corporations drew fire from two Republican lawmakers on Wednesday in what could be a sign of trouble for the sweeping measure.

-Rising retail sales, weekly wages and inflation point to positive cycle for Fed

-Debt held by stressed firms hits record high in India

Proportion of debt held by BSE companies unable to meet interest obligations has risen to its highest level since the financial crisis of 2008

-Value of India M&A deals in 2017 seen at $46.5 bn, $52.8 bn in 2019

Value of India M&A deals is expected to reach $46.5 billion from 944 deals in 2017, boosted by Rosneft’s $13 billion takeover of Essar Oil, says a Baker McKenzie report

-Govt finds 130,000 firms without PAN

An investigation conducted by the Ministry of Corporate Affairs (MCA) has revealed more than 130,000 companies, out of 224,000 taken off registers, did not have a permanent account number (PAN) even as they transacted crores of rupees.

-Green Shoots for Corporate India

There’s a hint of recovery in India Inc’s bottom line for the second quarter that followed rollout of GST.Net profit of a sample of 1,455 companies (excluding banking and financial institutions) rose 2.5% y-o-y after sliding 14.6% in June quarter.

-India M&A deals likely to reach $46.5 bn in 2017: Report

According to the Global Transactions Forecast issued by Baker McKenzie, India M&A is expected to reach USD 46.5 billion by way of 944 deals in 2017, boosted by Rosneft’s USD 13 billion takeover of Essar Oil.

-Mutual fund AUMs breach Rs 21-lakh-crore mark: AMFI

The assets of equity funds which includes equity-linked savings schemes increased 46 percent year-on-year to climb past the 7 lakh crore mark for the very first time.

For more watch the show [email protected] Moneycontrol Editor Santosh Nair talks to Maryam Farooqui on what will move the market today.

Source:-moneycontrol.