Nifty likely to open flat
The Nifty50 is expected to open flat on Wednesday following muted trend seen in other Asian markets. The index closed 129 points higher at 11,483 on Tuesday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 24 points or 0.21 percent. Nifty futures were trading around 11,500-level on the Singaporean Exchange. US stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15-month lows, said a Reuters report. Asian shares slipped on Wednesday, giving up their small gains made the previous day, as investors tried to come to terms with a sharp shift in US bond markets and the implications for the world top economy.
Global Market
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.66% while the Hang Seng is up 0.52%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.76% while U.S.'s S&P 500 is up 0.72% and Mexico's IPC is up 0.29%.
European Markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.89% while Germany's DAX is up 0.64% and London's FTSE 100 is up 0.26%.
Major Headlines of the day
Rupee opens at 68.99 per dollar.
Rail Vikas Nigam to launch IPO, price band fixed at Rs 17-19/share, The company will not receive any proceeds from the offer and all proceeds will go to the Central Government.
Trump seeks removal of Obamacare in 2020 election move The filing assures renewed attention to President Donald Trump position that the Affordable Care Act, known as Obamacare, should be eliminated.
Theresa May loses control of Brexit process as parliament takes over Three ministers resigned to back the plan, which sets up the possibility that MPs could force the beleaguered premier to abandon her deal with Brussels and implement their choice.
Trend in FII flows:- The FIIs were Net Value of Rs 999.02 segment while the DIIs were Net Value of -196.70 the provisional figures.
Securities in Ban For Trade Date 27-MAR-2019
1. RPOWER
2. IDBI
3. JETAIRWAYS
4. ADANIPOWER
5. ADANIENT
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