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 5.2 points higher at 11,058 on Thursday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 42.5 points or 0.38 percent. Nifty futures were trading around 11,045-level on the Singaporean Exchange. Wall Street�s main indexes fell for a fourth consecutive session on Thursday after Europe�s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth, said a Reuters report. Asian stocks shuddered lower on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy.
Global Market
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 2.21% while the Hang Seng is down 1.22%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.13%, while the S&P 500 led the IPC lower. They fell 0.81% and 0.64% respectively.
European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.60% while London's FTSE 100 is off 0.53% and France's CAC 40 is lower by 0.39%.
Major Headlines of the day
Rupee opens at 70.17 per dollar.
Reliance Industries inks MoU with NMSEZ to lease 4,000acre land The transaction is subject to fulfillment of certain conditions.
Lupin gets USFDA approval for Atorvastatin Calcium Tablets Tablets indicated to lower cholesterol in blood for adults and children over 10 years of age.
Trend in FII flows:- The FIIs were Net Value of Rs 1137.85 segment while the DIIs were Net Value of -925.46 the provisional figures.
Securities in Ban For Trade Date 08-MAR-2019
1.RPOWER
2.IDBI
3.WOCKPHARMA
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