Nifty likely to open flat.
The Nifty50 is likely to open flat on Thursday following muted trend seen in other Asian markets. The index closed 128 points higher at 11,062 on Wednesday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 19 points or 0.17 percent. Nifty futures were trading around 11,086-level on the Singaporean Exchange. US stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on US-China trade relations, said a Reuters report. Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary, it said.
Global Market:
Asian Markets: Japanese shares are lower today as the Nikkei 225 falls 0.66%. The stock markets in Hong Kong and Shanghai are closed at this time.
US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 3.74% while Mexico's IPC is off 1.09% and U.S.'s S&P 500 is lower by 0.22%.
European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.38% while France's CAC 40 is off 0.08% and London's FTSE 100 is lower by 0.06%.
Major Headlines of the day:
Rupee opens at 71.55 per dollar.
The Monetary Policy Committee (MPC) in the forthcoming policy review on February 7, 2019, could change its stance from �calibrated tightening� to �neutral� and also may go for a rate cut, Edelweiss Securities said in a note. The headline inflation is lingering below central bank�s projections, crude oil prices are stable, domestic growth momentum is slowing and global rate cycle is peaking, which gives enough room to the MPC to change its stance and possibly go for a rate cut.
Earnings Reaction To Watch
ADANIENT
AUROPHARMA
BAJAJELEC
BRITANNIA
CADILA HEALTH
GILLETEINDIA
GRASIM
JSW HOLDINGS
MRF
P&G
SUZLON
TATA MOTORS
Trend in FII flows:- The FIIs were Net Value of Rs 694.97 segment while the DIIs were Net Value of 525.26 the provisional figures.
Securities in Ban For Trade Date 07-FEB-2019
1. DHFL
2. IDBI
3. JETAIRWAYS
4. RELCAPITAL
5. RELINFRA
Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips.
0 comments:
Post a Comment