Nifty likely to open higher
The Nifty50 is likely to open higher on Wednesday following positive trend seen in other Asian markets. The index closed 36 points lower at 10,604 on Tuesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 51.5 points or 0.49 percent. Nifty futures were trading around 10,665 - level on the Singaporean Exchange. US stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level US-China trade talks resumed in Washington, said a Reuters report. Asian stocks gained a tad on Wednesday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers� thinking on interest rates and its balance sheet reduction policy.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.03% while the Hang Seng is up 1.09%. 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 1.19% and the S&P 500 rose 0.15%. The IPC lost 0.07%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.09%, while the FTSE 100 led the CAC 40 lower. They fell 0.56% and 0.16% respectively.
Major Headlines of the day:
Rupee opens at 71.29 per dollar.
Yes Bank, in its filing to the exchanges, clarified on releasing nil divergence report and stated that information was in due compliance. The exchange had sought a clarification from the bank regarding Risk Assessment Report (RRR) for the year ended March 31, 2018. In reply to that, the bank said, "it was deemed expedient to share this information through the stock exchanges to all market participants and not to withhold the same till finalization of the Annual Results."
The Cabinet Committee on Economic Affairs (CCEA) has approved the methodology for allowing the allocatee of coal mines for specified end use or own consumption to sell 25% of actual production on ROM (run-of-mine) basis in open market with payment of additional premium on such sale under the Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957.
Earnings Reaction To Watch
MAHINDRA CIE
VARUN BEVERAGES
Trend in FII flows:- The FIIs were Net Value of Rs -813.76 segment while the DIIs were Net Value of 1163.85 the provisional figures.
Securities in Ban For Trade Date 20-FEB-2019
1. ADANIENT
2. IDBI
3. JETAIRWAYS
4. RPOWER
5. RELINFRA
6. PCJEWELLER
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