Nifty likely to open higher
The Nifty50 is expected to open higher on Monday following positive trend seen in other Asian markets. The index closed 83 points higher at 11,426 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 18.5 points or 0.16 percent. Nifty futures were trading around 11,492-level on the Singaporean Exchange. US stocks rose on Friday, led by technology companies, as a report on progress in US-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November, said a Reuters report. Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the US Federal Reserve will sound decidedly dovish at its policy meeting this week.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.08% while the Hang Seng is up 0.84%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly higher on Friday with shares in Mexico leading the region. The IPC is up 1.04% while Brazil's Bovespa is up 0.54% and U.S.'s S&P 500 is up 0.50%.
European Markets: European markets finished broadly higher on Friday with shares in France leading the region. The CAC 40 is up 1.04% while Germany's DAX is up 0.85% and London's FTSE 100 is up 0.60%.
Major Headlines of the day:
Rupee opens at 68.91 per dollar.
Punjab & Sind Bank to raise equity capital of Rs500cr via QIP The money will be raised in one or more tranches, it said in a regulatory filing.
J&K Bank to sell stake in PNB Metlife for Rs185cr Accordingly, the bank has executed share purchase agreement with Oman India Joint Investment Fund II for sale of 4.1cr shares of PNB MetLife India Insurance Company Ltd.
Cadila receives final approval for Valsartan, Hydrochlorothiazide tablets It will be manufactured at the group�s formulations manufacturing facility at Moraiya, Ahmedabad,
India�s trade deficit narrows to $9.59bn in February The trade deficit shrank to a 17-month low in February. The previous low for the trade gap was $9.4 billion in September 2017.
Trend in FII flows:- The FIIs were Net Value of Rs 4323.49 segment while the DIIs were Net Value of -2130.36 the provisional figures.
Securities in Ban For Trade Date 18-MAR-2019
1. RCAPITAL
2. IDBI
3. JETAIRWAYS
4. RELINFRA
5. ADANIENT
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