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Monday 28 January 2019

Market Live: Nifty likely to open flat. 29/Jan/2019

The Nifty50 is likely to open flat-to-lower on Tuesday following muted trend seen in other Asian markets. The index closed 119 points lower at 10,661 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 18.5 points or 0.17 percent. Nifty futures were trading around 10,669- level on the Singaporean Exchange.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.82% while the Hang Seng is down 0.68%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 2.29% while U.S.'s S&P 500 is off 0.78% and Mexico's IPC is lower by 0.03%.
European Markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.91% while France's CAC 40 is off 0.76% and Germany's DAX is lower by 0.63%.


Major Headlines of the day:

Rupee opens higher at 71.14 per dollar.

HCL Tech to announce Q3 earnings today; here are the key factors to watch out for Kotak Securities expects HCL Technologies to maintain 9.5-11.5 percent constant currency revenue growth guidance.

Budget 2019: 'Expect farmer incentive scheme, change in direct tax rate' he current government is not going in for a general farm loan waivers as that would cost mammoth 2.5 percent of the GDP.

Earnings Reaction To Watch
BAJAJ FINANCE
BAJAJ FINSERV
BANK OF BARODA
BHARATFIN
DCM SRIRAM
HCL TECH
HDFC
RAMCO CEMENT

Trend in FII flows:- The FIIs were Net Value of Rs 223.44 segment while the DIIs were Net Value of 92.32 the provisional figures.

Securities in Ban For Trade Date 29-JAN-2019
1.JISLJALEQS
2.ADANIPOWER
3.ADANIENT





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