Market Live: Nifty likely to open higher. 01/Feb/2019

Nifty likely to remain range bound; all eyes on Interim Budget If the momentum continues from Thursday's rally then the market could head towards its upper end of consolidation range (10,950), but as it is a Budget day, there could be range bound trade. Benchmark indices are trading firm in the pre-opening session with Nifty around 10,850 level.The Sensex is up 50.69 points at 36307.38, while Nifty is up 36.90 points at 10867.90.Vedanta plunges 6%, while UPL, M&M, SBI, Escorts are trading higher in pre-opening session.

Global Market:

Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.68% while the Hang Seng is up 0.18%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished higher today with shares in U.S. leading the region. The S&P 500 is up 0.86% while Mexico's IPC is up 0.82% and Brazil's Bovespa is up 0.41%.

European Markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.39% and the CAC 40 rose 0.36%. The DAX lost 0.08%.

Major Headlines of the day:

Rupee opens at 70.96 per dollar.

All eyes on Interim Budget, Interim Budget could contain farm income support package; funds for stuck realty projects The budget will also likely contain a retail trade policy, defining the rules of the game amid a bitter tug-of-war between transnational ecommerce giants and the local traders

Bharti Airtel Q3 earnings today; could post net loss on tepid revenue growth ICICI Securities said consolidated revenues are expected to be muted at Rs 20,543 crore, up 0.6 percent QoQ (up 1.1 percent YoY) and consolidated margins are seen at 30.6 percent, up 60 bps QoQ.

Dr Reddy's Q3 preview: Analysts expect strong profit but moderate revenue growth Kotak, which sees 2.4% growth in topline, also forecasts 12% YoY growth for India.

Earnings Reaction To Watch

BERGER PAINTS

DRREDDY

EQUITAS

JUBILANT LIFE

SBI

TITAN

Trend in FII flows:- The FIIs were Net Value of Rs 3006.41 segment while the DIIs were Net Value of -1634.32 the provisional figures.

Securities in Ban For Trade Date 01-FEB-2019

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