Nifty50 likely to open flat.
The Nifty50 is expected to open flat on Friday tracking mixed trend seen in other Asian markets. The index closed 14 points lower at 10,792 on Thursday. Trends on SGX Nifty indicate a flat positive opening for the broader index in India, a rise of 4 points or 0.04 percent. Nifty futures were trading around 10,874-level on the Singaporean Exchange. Wall Street�s main indexes fell slightly on Thursday as support from better-than-feared US GDP data was countered by concerns about earnings and US-China trade relations, said a Reuters report. Asian shares inched higher on Friday with broader gains capped by investor caution as concerns about China�s economy and global trade weighed on sentiment while stronger-than-expected US GDP data pushed the dollar up.
Global Market
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.78% while the Hang Seng is up 0.67%. 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 1.77% while Mexico's IPC is off 1.13% and U.S.'s S&P 500 is lower by 0.28%.
European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.29% and the DAX rose 0.25%. The FTSE 100 lost 0.46%.
Major Headlines of the day
Rupee opens at 70.74 per dollar
Govt approves FDI proposal of up to Rs25,000cr of Vodafone Idea The approval will also result in the change in the indirect foreign investment in the subsidiaries of VIL which will take place on account of non-residents subscribing to the equity shares in the Fund Raise.
Bharti Airtel�s board approves fund raising plan The fundraising plan was approved after the board considered the recommendation of 'Special Committee of Directors for Fund Raising'.
Trend in FII flows:- The FIIs were Net Value of Rs 3210.60 segment while the DIIs were Net Value of -5240.62 the provisional figures.
Securities in Ban For Trade Date 01-MAR-2019
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