Nifty likely to open flat.
The Nifty50 is likely to open flat on Thursday following a mixed trend seen in other Asian markets. The index closed 37 points lower at 10,793 on Wednesday. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 16 points or 0.15 percent. Nifty futures were trading around 10,787-level on the Singaporean Exchange. Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term, said a Reuters report. Asian stock markets started in a cautious mood on Thursday as investors hoped for progress in the latest Sino-US tariff talks while bracing for China trade data that are expected to show further falls in both exports and imports.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.36% while the Hang Seng is down 0.68%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.51% and the S&P 500 rose 0.30%. The IPC lost 1.92%.
European Markets: European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.81% while Germany's DAX is up 0.37% and France's CAC 40 is up 0.35%.
Major Headlines of the day:
Rupee opens at 71.87 per dollar.
Life insurance industry's annual premium equivalent (APE) growth in January was at 14 percent YoY led by strong growth in group insurance business. However, it was slower for private players, at 11 percent YoY. More importantly, retail (individual or non-group) APE growth rate for the industry was slower at 9.3 percent YoY as highest market share player SBI Life lost steam reporting flattish growth. The biggest insurer in the country, LIC, reported 8 percent YoY growth.
Earnings Reaction To Watch
ASHOKLEY
DEEPAKFERT
GLENMARK
JETAIRWAYS
NESTLE
ONGC
PAGE INDUSTRIES
VOLTAS
Trend in FII flows:- The FIIs were Net Value of Rs -676.63 segment while the DIIs were Net Value of 713.1 the provisional figures.
Securities in Ban For Trade Date 14-FEB-2019
1. ADANIENT
2. JISLJALEQS
3. IDBI
4. JETAIRWAYS
5. RPOWER
6. RCAPITAL
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