Nifty likely to open higher
The Nifty50 is expected to open higher on Monday tracking positive trend seen in other Asian markets. The index closed 21 points lower at Rs 10,724 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 16.5 points or 0.15 percent. Nifty futures were trading around 10,771-level on the Singaporean Exchange. Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war, Reuters reported. Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-US trade talks in Washington this week and more policy stimulus from major central banks, said the report.
Global Market:
Asian Markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1.78% while the Hang Seng is up 1.79%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 1.09% and the IPC rose 0.62%. The Bovespa lost 0.50%.
European Markets: European markets finished broadly higher on Friday with shares in Germany leading the region. The DAX is up 1.89% while France's CAC 40 is up 1.79% and London's FTSE 100 is up 0.55%.
Major Headlines of the day:
Rupee opens at 71.31 per dollar.
Anil Ambani led Reliance group may have reached an in-principle understanding with 90% of its lenders, media reports stated. As per the reports, lenders of the group have agreed to not to sell pledged shares in the group till September. Additionally, the group informed the lenders that it had appointed investment bankers to sell up to 30% of the shareholding in Reliance Power (R-Power) to institutional investors, to repay the banks.
Tech Mahindra in its filing to the exchanges informed that its board will meet on February 21 to consider share buyback proposal. The announcement was made on Saturday. "Pursuant to the company's code of conduct for Prohibition of Insider Trading, the trading window for transacting in the securities of the company would remain closed from February 16 to February 23, 2019," the company said in a press note to the exchanges on Saturday. Tech Mahindra Ltd's share price ended at Rs800.70, down by Rs4.65 or 0.58%, from its previous close of Rs805.35 on the BSE.
Earnings Reaction To Watch
AMBUJACEM
Trend in FII flows:- The FIIs were Net Value of Rs -966.43 segment while the DIIs were Net Value of 853.25 the provisional figures.
Securities in Ban For Trade Date 18-FEB-2019
1. ADANIENT
2. JISLJALEQS
3. JETAIRWAYS
4. RPOWER
5. PCJEWELLER
6. CGPOWER
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