DSIJ Mindshare

Today, the markets are expected to open with a gap on the higher side amid firm global cues. Traders will remain watchful ahead of the RBI’s policy review meeting. The RBI is widely expected to keep its key rates on hold. The SGX Nifty is pointing that Nifty may open with gains of around 167 points at 10,297.  

The stocks that are likely to witness significant movement on the bourses on April 5, 2018 are Adani Enterprises Limited, NATCO Limited, JSW Steel Limited, Bhansali Engineering Polymers Limited and Nava Bharat Ventures Limited.  

The fear of trade war between the two largest economies has grappled markets across the globe. In a retaliatory measure China imposed tariff on 106 products ranging from soya to cars and aircraft. This was in response to Trump administration's proposed hike in import tariffs on hi-tech goods originating from China announced on Tuesday.

On Wednesday, Bank Nifty attempted to breach its major resistance at 24,500 levels but could not sustain and shed points covering almost two days winning streak. Going forward, we hold 25,000-25,150 as the resistances in case 24,700 is crossed. On the downside, 24,000 followed by 23,600 will act as supports.

ICICI Securities offers a wide range of financial products including investment banking, institutional broking, retail broking, private wealth management and financial product distribution. The company is the largest equity broker in India since fiscal 2014 by brokerage revenue.