Nifty50 likely to open flat.
The Nifty50 is likely to open flat-to-lower on Thursday following muted trend seen in other Asian markets. The index closed 28 points lower at 10806 on Wednesday. Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 6.5 points or 0.06 percent. Nifty futures were trading around 10,797-level on the Singaporean Exchange. The S&P 500 closed down slightly on Wednesday but well above its session low after testimonies to US Congress from trade and central bank officials as well as President Donald Trump�s former lawyer brought few major surprises, said a Reuters report. Asian stocks slipped on Thursday after cautious comments from US Trade Representative Robert Lighthizer dented some of the recent optimism towards Sino-US trade relations, while the dollar held gains, supported by higher bond yields.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.39% while the Hang Seng is down 0.13%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished lower today with shares in Mexico leading the region. The IPC is down 0.72% while Brazil's Bovespa is off 0.30% and U.S.'s S&P 500 is lower by 0.05%.
European Markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.61% while Germany's DAX is off 0.46% and France's CAC 40 is lower by 0.26%.
Major Headlines of the day:
Rupee opens at 71.26 per dollar.
SBI records fraud worth Rs7,951.29cr in Apr-Dec: Media report The bank shared data with RTI on February 25.
IDBI Bank, LIC of India sign BANCA agreement Further, the Bank will become the preferred bank for LIC premium payments and function as premium point to boost sale of LIC products thereby gaining from fees and float income.
Dalmia Bharat group claims MF units of subsidiaries illegally transferred The company has already reported the matter to National Securities Depository Limited, National Stock Exchange, and other appropriate authorities including SEBI.
Trend in FII flows:- The FIIs were Net Value of Rs 423.04 segment while the DIIs were Net Value of 66.81 the provisional figures.
Securities in Ban For Trade Date 28-FEB-2019
1. ADANIENT
2. ADANIPOWER
3. RPOWER
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