Nifty likely to open lower
The Nifty50 is likely to lower flat on Wednesday following muted trend seen in other Asian markets. The index closed 67 points higher at 11,672 on Tuesday. Trends on SGX Nifty indicate a weak opening for the broader index in India, a fall of 35.50 points or 0.30 percent. Nifty futures were trading around 11,714.50-level on the Singaporean Exchange. Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook, said a Reuters report. Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.
Global Market
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.20% while the Hang Seng is down 0.33%. 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 1.11% while Mexico's IPC is off 0.63% and U.S.'s S&P 500 is lower by 0.61%.
European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.94% while France's CAC 40 is off 0.65% and London's FTSE 100 is lower by 0.35%.
Major Headlines of the day:
Rupee opens at 69.28 per dollar.
Mindtree to consider declaration of interim or special dividend on April 17 The board will also consider the audited financial results of the Company for the quarter and year ended March 31, 2019.
HDFC Bank Rs2,500cr block deal likely today: Media reports The deal will reportedly be done in the price range of Rs2,219-2,287/share.
SBI cuts MCLR based lending rates by 5bps SBI has also trimmed its home loan rate by 10bps for loans of up to Rs30 lakh. The new rate for housing loans will be 8.6-8.9%.
Trend in FII flows:- The FIIs were Net Value of Rs 1212.35 segment while the DIIs were Net Value of -688.65 the provisional figures.
Securities in Ban For Trade Date 10-APR-2019
1. ADANIPOWER
2. IDBI
3. DLF
4. JETAIRWAYS
5. PCJEWELLER
6. RPOWER
7. WOCKPHARMA
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