Nifty likely to open lower
The Nifty50 is likely to open lower on Monday following muted trend seen in other Asian markets. The index closed 64 points lower at 11,456 on Friday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 59 points or 0.51 percent. Nifty futures were trading around 11,411-level on the Singaporean Exchange. Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one day percentage declines since Jan. 3, as weak factory data from the United States and Europe led to an inversion of US Treasury yields, fuelling fears of a global economic downturn, said a Reuters report. Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favour on growing worries about an impending US recession, sending global yields plunging.
Global Market
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.85% while the Hang Seng is down 1.66%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished sharply lower on Friday with shares in Brazil leading the region. The Bovespa is down 3.10% while Mexico's IPC is off 2.29% and U.S.'s S&P 500 is lower by 1.90%.
European Markets: European markets finished sharply lower on Friday with shares in France leading the region. The CAC 40 is down 2.03% while London's FTSE 100 is off 2.01% and Germany's DAX is lower by 1.61%.
Major Headlines of the day:
Rupee opens at 69.06 per dollar.
Tata Motors to raise prices of its Passenger Vehicles from April 2019, The company would be increasing prices of its passenger vehicles range by up to Rs25,000, starting April 2019.
SBI board approves extension validity period for raising equity capital, The lender will raise the capital by way of FPO/ QIP/ Preferential allotments/Rights issue/ any other mode or a combination of these.
Trend in FII flows:- The FIIs were Net Value of Rs 1374.57 segment while the DIIs were Net Value of -675.37 the provisional figures.
Securities in Ban For Trade Date 25-MAR-2019
1. RPOWER
2. IDBI
3. JETAIRWAYS
4. ADANIPOWER
5. ADANIENT
6. PNB
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