Nifty50 likely to open flat
The Nifty50 is likely to open flat on Tuesday following mixed trend seen ia n other Asian markets. The index closed 71 points higher at 10,863 on Friday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 22.5 points or 0.21 percent. Nifty futures were trading around 10,825-level on the Singaporean Exchange. Wall Street�s major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares, as an initial rally on optimism over a US-China trade deal faded, said a Reuters report. Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.05% while the Hang Seng is down 0.29%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.03% while Mexico's IPC is off 0.47% and U.S.'s S&P 500 is lower by 0.39%.
European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.41% and the FTSE 100 rose 0.39%. The DAX lost 0.08%.
Major Headlines of the day:
Rupee opens at 70.94 per dollar.
Tata Motors denies on reports of JLR stake sale The company clarified that there is no truth to the rumors that Tata Motors is looking to divest its stake in JLR.
RBI imposes penalty on IDBI Bank, Dena Bank, Union Bank, SBI IDBI Bank informed that the RBI has imposed a monetary penalty for contravention of its regulatory directions on time-bound implementation and strengthening of SWIFT-related operational controls.
Reliance Industries� arm to acquire Grab A Gurb The company will acquire Grab A Gurb for a cash consideration not exceeding Rs106cr.
Jet fuel prices hike by 8.1%: Media report This is the first hike in prices in four months, which has pushed rates to their highest level this year.
Trend in FII flows:- The FIIs were Net Value of Rs 198.38 segment while the DIIs were Net Value of 117.05 the provisional figures.
Securities in Ban For Trade Date 05-MAR-2019
NIL
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