Nifty likely to open higher.
The Nifty50 is likely to open higher on Monday following positive trend seen in other Asian markets. The index closed 53 points higher at 11,623 on Friday. A gap-up opening is likely as Nifty Futures on Singaporean Exchange were trading over 47 points higher. The futures traded around 11,723-odd levels. US stocks ended the final trading day of the first quarter on a strong note on Friday and the S&P 500 posted its best quarterly gain since 2009, boosted by optimism over the latest round of trade talks between the United States and China, said a Reuters report. Asian stocks rose on Monday, as signs of progress in US-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May proposed Brexit deal added to the pound recent woes.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.97% while the Hang Seng is up 1.67%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly higher on Friday with shares in Brazil leading the region. The Bovespa is up 1.09% while Mexico's IPC is up 0.79% and U.S.'s S&P 500 is up 0.67%.
European Markets: European markets finished broadly higher on Friday with shares in France leading the region. The CAC 40 is up 1.02% while Germany's DAX is up 0.86% and London's FTSE 100 is up 0.62%.
Major Headlines of the day:
Gujarat Pollution Control Board orders SRF to shut Dahej plant The order has been passed under Water (Prevention and Control of Pollution) Act, 1974.
Cipla receives 8 GMP observations from USFDA for Kurkumbh plant The observations issued after a product specific pre-approval (PAI) and Good Manufacturing Practices (GMP) inspection of Kurkumbh plant from March 11, 2019, to March 20, 2019.
Trend in FII flows:- The FIIs were Net Value of Rs -86.21 segment while the DIIs were Net Value of 1724.39 the provisional figures.
Securities in Ban For Trade Date 01-APR-2019
1. ADANIPOWER
2. IDBI
3. RPOWER
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