Nifty likely to open lower
The Nifty50 is expected to open lower on Friday tracking muted trend seen in other Asian markets. The index closed 54 points higher at 10789 on Thursday. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 19 points or 0.18 percent. Nifty futures were trading around 10,794-level on the Singaporean Exchange. Weak economic reports pressured US stocks on Thursday after the market�s recent run of gains, and a drop in healthcare shares added to the bearish momentum, said a Reuters report. Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States.
Global Market
Asian Markets: Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.41% and the Nikkei 225 rose 0.15%. The Shanghai Composite lost 0.34%.
US Markets: North and South American markets are mixed. The IPC is higher by 0.22%, while the Bovespa is leading the S&P 500 lower. They are down 0.50% and 0.15% respectively.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.19%, while London's FTSE 100 was off 0.85%. Shares in France were unchanged with the CAC 40 at 5,196.11.
Major Headlines of the day
Rupee opens at 71.25 per dollar.
Dutch financial major ING Group will offload around 1.20% stake in Kotak Mahindra Bank through a block deal on Friday. The offer price will be at 3-5% discount to the Thursday�s closing price, as per media reports. As on December 31, 2018, ING Mauritius Investments held 3.06% stake in Kotak Mahindra Bank, which amounts to 5.84cr shares.
Output gap may be widening rather than closing: RBI MPC Minutes The apex bank, in its final bi-monthly monetary policy review for FY19, decided to cut the repo rate by 25bps to 6.25% and changed its policy stance to "neutral" from calibrated tightening earlier.
Trend in FII flows:- The FIIs were Net Value of Rs 55.48 segment while the DIIs were Net Value of 202.1 the provisional figures.
Securities in Ban For Trade Date 22-FEB-2019
1. ADANIENT
2. IDBI
3. JETAIRWAYS
4. RPOWER
5. RELINFRA
6. PCJEWELLER
7. RELCAPITAL
8. KSCL
9. ALBK
10. ADANIPOWER
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