Nifty likely to open flat
The Nifty50 is expected to open flat on Monday tracking muted trend seen in other Asian markets. The index closed 67 points higher at 11,665 on Friday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 1.5 points or 0.01 percent. Nifty futures were trading around 11,774-level on the Singaporean Exchange. US stocks rose on Friday, boosted by better-than-expected job growth in March, which eased concerns of an economic slowdown that have periodically roiled financial markets over the past year, said a Reuters report. Asian shares edged higher on Monday as investors cheered a much-needed rebound in US payrolls, while looking forward to more policy stimulus in China.
Global Market
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.44% while the Hang Seng is up 0.43%. 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 2.40% while Brazil's Bovespa is up 0.83% and U.S.'s S&P 500 is up 0.46%.
European Markets: European markets finished higher on Friday with shares in London leading the region. The FTSE 100 is up 0.61% while France's CAC 40 is up 0.23% and Germany's DAX is up 0.18%.
Major Headlines of the day
Rupee opens at 69.33 per dollar
Zydus gets tentative approval from the USFDA for Tofacitinib tablets, It will be manufactured at the group formulations manufacturing facility at Moraiya, Ahmedabad, the company said.
RBI: Hasn yet approved merger of Lakshmi Vilas Bank, Indiabulls Housing The central bank will examine the proposal upon receiving it from the parties in line with regulatory guidelines.
Strong demand growth for MCE industry during CY2018; robust long-term outlook: ICRA Supported by public sector spending on infrastructure, construction activities witnessed healthy yoy growth during 9M FY2019, as per ICRA note.
Lakshmi Vilas Bank, Indiabulls Housing to merge in all-share deal The shareholders of Lakshmi Vilas Bank (LVB) will get 14 shares of Indiabulls Housing Finance (IBHF) for every 100 equity shares held in the bank, the bank said in a filing.
Trend in FII flows:- The FIIs were Net Value of Rs 797.9 segment while the DIIs were Net Value of -325.58 the provisional figures.
Securities in Ban For Trade Date 08-APR-2019
1. ADANIPOWER
2. IDBI
3. RPOWER
4. JETAIRWAYS
5. DHFL
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