Nifty likely to open lower
The Nifty50 is likely to open lower on Thursday ahead of March F&O expiry tracking muted trend seen in other Asian markets. The index closed 38 points lower at 11,445 on Wednesday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 31 points or 0.27 percent. Nifty futures were trading around 11,415-level on the Singaporean Exchange. US stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned fears of a US economic slowdown, said a Reuters report. Asian share markets were painted red on Thursday as recession concerns sent bond yields spiraling lower across the globe, overshadowing central bank attempts to calm frayed nerves.
Global Market
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.01% while the Hang Seng is down 0.11%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.28%, while the Bovespa led the S&P 500 lower. They fell 1.88% and 0.46% respectively.
European Markets: European markets finished mixed to lower as of the most recent closing prices. Shares in France fell as the CAC 40 dropped 0.12%. The FTSE 100 lost 0.03% while the DAX in Germany closed unchanged.
Major Headlines of the day
Rupee opens at 69.11 per dollar
Dabur to dissolve step-down subsidiary Dabur Tunisie by Dec 2019 The extension in dissolve period is due to certain legal and regulatory compliances under the law of Tunisia.
Strides Pharma board approves divestment of Australia business The board has granted approval for transactions with Solara Active Pharma Sciences Limited upto Rs500cr in each financial year.
Rail Vikas Nigam IPO to open on March 29; Price band set at Rs17-19/sh The equity shares of Rail Vikas Nigam are proposed to be listed on BSE and NSE.
Trend in FII flows:- The FIIs were Net Value of Rs 1481.11 segment while the DIIs were Net Value of 134.92 the provisional figures.
Securities in Ban For Trade Date 28-MAR-2019
1. ADANIENT
2. ADANIPOWER
3. JETAIRWAYS
4. IDBI
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