Markets trade flat; Axis Bank falls 1% ahead of Q3 results

Trading	Pivot Point	Buy Above	Target	Sell Below	Target
NIFTY	8427	8438	8470	8402	8369

In the midst of dreary exchange saw in this way, development of key indices was confined inside a tight range around the flat line in morning exchange in the midst of merged Asian signs. At 10:20 IST, the gauge index, the S&P BSE Sensex, was practically unaltered at 27,257.84. The Nifty 50 index was fall 6.10 points or 0.07 Percent at 8,410.90.

The BSE Mid-Cap record was gain 0.15 Percent. The BSE Small-Cap index was gain 0.17 Percent. Both these indices beat the Sensex. The market broadness, demonstrating the general upbeat of the market, was optimistic. On the BSE, 1,054 stocks increased and 897 stocks dropped . An entire of 116 stocks were unaltered.

Some PSU shares picked . IDBI Bank (gain 2.43 Percent), GAIL (India) (gain 1.01 Percent), ONGC (gain 0.66 Percent), NTPC (gain 0.64 Percent), Engineers India (gain 0.43 Percent) and NMDC (gain 0.14 Percent) picked.

Most realty shares extended recent increases triggered by notes the government is looking to provide upper tax incentives on home loans to rise demand and prop up the faltering realty division in the upcoming Budget 2017-18, that has been further strike by demonetisation. DLF (gain 0.01 Percent), Sobha (gain 0.78 Percent), Oberoi Realty (gain 0.28 Percent), D B Realty (gain 0.36 Percent) and Housing Development & Infrastructure (HDIL) (gain 0.08 Percent) picked. Godrej Properties (fall 0.45 percent), Unitech (fall 0.22 Percent), and Indiabulls Real Estate (fall 0.48 Percent) dropped.

Agro Tech Foods hopped 13.68 Percent after net benefit increased 28.8 Percent to Rs 8.27 crore on 2.7 Percent expansion in net deals to Rs 207.57 crore in third quarter (Q3) Dec.r 2016 over third quarter (Q3) December 2015. The outcome was announced later exchange  hours yesterday, 18 Jan. 2017.

Meanwhile, the Cabinet Committee on Economic Affairs (CCEA) has given its on a basic level' approval for listing of 5 public area general insurance agencies (PSGICs) on the stock exchanges viz. The New India Assurance, United India Insurance Company, Oriental Insurance Company, National Insurance Company and General Insurance Corporation of India. The shareholding of these PSGICs would be stripped from 100 Percent to 75 Percent in at least one tranches over a period , according to the public statement issued by the period at the fag end of market hours yesterday, 18 Jan. 2017

Abroad, Asian shares were merged . The Dow Industrials Average yesterday, 18 Jan. 2017, shut at the most reduced level of 2017, marking a 4^th straight day in the red for the blue-chip gage, however the more extensive share market oversaw humble increases. Federal Reserve Chairwoman Janet Yellen said she expects rate climbs a couple times each year until the finish of 2019.

Among financial data in US, industrial output quickened a month ago at its most grounded pace in 2 years. The lodging market index from the National Association of Home builders demonstrated that developer view fall in January later scoring its most elevated reading of the business cycle in Dec. Notwithstanding the fall, the Jan. number was the 2th -most astounding reading of the cycle.

Wall Street trading in the course of recent days has been stifled as traders anticipate signs that the share market rally that took after President-elect Donald Trump's Nov. race triumph, bolstered by his battle guarantees to increment monetary spending, cut taxes and move back directions, is situated in all actuality and supported by strong corporate quarterly results.