Nifty50 likely to open higher
The Nifty50 is expected to open higher today following positive trend seen in other Asian markets. The index closed nearly 2 points higher at 10,791 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 16 points or 0.15 percent. Nifty futures were trading around 10,823-level on the Singaporean Exchange. The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China, said a Reuters report. Asian share markets looked well set on Monday after US President Donald Trump confirmed he would delay a planned increase on Chinese imports as talks between the two sides were making �substantial progress�.
Global Market
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 2.79% while the Hang Seng is up 0.05%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished higher on Friday with shares in Brazil leading the region. The Bovespa is up 0.98% while U.S.'s S&P 500 is up 0.64% and Mexico's IPC is up 0.37%.
European Markets: European markets finished higher on Friday with shares in France leading the region. The CAC 40 is up 0.38% while Germany's DAX is up 0.30% and London's FTSE 100 is up 0.16%.
Major Headlines of the day:
Rupee opens at 71.02 per dollar.
Corporation Bank received Rs 9086cr from government this amount has been utilized to make loan loss provision in order to bring down the Net NPA ratio below the threshold under Prompt Corrective Action Framework.
RBI to merge 3 categories of NBFCs to create a new category The RBI has decided to merge the three categories of NBFCs viz. Asset Finance Companies (AFC), Loan Companies (LCs) and Investment Companies (ICs) into a new category called NBFC - Investment and Credit Company (NBFC-ICC).
US-China said to be negotiating enforcement of currency pact as deadline looms Talks continue ahead of March 1 deadline.
Trend in FII flows:- The FIIs were Net Value of Rs 6311.01 segment while the DIIs were Net Value of 838.88 the provisional figures.
Securities in Ban For Trade Date 25-FEB-2019
1. ADANIENT
2. ADANIPOWER
3. JETAIRWAYS
4. RPOWER
5. ALBK
6. PCJEWELLER
7. IDBI
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