Nifty likely to open higher.
The Nifty50 is expected to open higher on Wednesday following positive trend seen in other Asian markets. The index closed 123 points higher at 10,987 on Tuesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 29.5 points or 0.27 percent. Nifty futures were trading around 11,062-level on the Singaporean Exchange. Wall Street�s main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market�s strong run, said a Reuters report. Asian stocks clung to tight ranges on Wednesday, as investors awaited fresh directional cues from US China trade negotiations and a weaker Wall Street finish capped broader gains, while robust US economic data supported the dollar.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.52% while the Hang Seng is up 0.29%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.03% while Mexico's IPC is off 0.68% and U.S.'s S&P 500 is lower by 0.11%.
European Markets: European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.69% while Germany's DAX is up 0.24% and France's CAC 40 is up 0.21%.
Major Headlines of the day:
Rupee opens at 70.59 per dollar
DHFL releases Independent CA Report on CobraPost allegations Auditors found some lapses in relation to pre-sanction due diligence and in the monitoring of post disbursal end use of funds by the borrowers.
CDPQ to invest over Rs1,800cr in Edelweiss NBFC The planned investment by CDPQ would contribute towards establishing a large and diversified credit platform in India.
Oil falls as rising US production counters OPEC supply cuts U.S. West Texas Intermediate (WTI) crude futures were at $56.15 per barrel, down 41 cents, or 0.7 percent. WTI futures closed little changed on Tuesday.
Trend in FII flows:- The FIIs were Net Value of Rs 751.92 segment while the DIIs were Net Value of 580.86 the provisional figures.
Securities in Ban For Trade Date 06-MAR-2019
1.RPOWER
2.WOCKPHARMA
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