Nifty likely to open lower.
The Nifty50 is expected to open lower on Friday tracking muted trend seen in other Asian markets. The index closed 12 points higher at 11,596 on Thursday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 36 points or 0.31 percent. Nifty futures were trading around 11,640-level on the Singaporean Exchange. The S&P 500 ended little changed on Thursday as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear, said a Reuters report. Asian shares were flat and US Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger US economic data helped offset some concerns about global growth.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.10% while the Hang Seng is down 0.20%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed to lower as of the most recent closing prices. Shares in Brazil fell as the Bovespa dropped 1.25%. The IPC lost 0.73% while the S&P 500 in U.S. closed unchanged.
European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.66% and the DAX rose 0.25%. The FTSE 100 lost 0.05%.
Major Headlines of the day:
Rupee opens at 69.04 per dollar.
Prabhat Dairy completed sale of shareholding in arm to Tirumala Products The sale and transfer of company dairy products business by way of slump sale on a going concern basis to Sunfresh Agro Industries post completion of a transfer of Sunfresh Agro Industries shares is successfully completed and closed on April 10, 2019.
Sun Pharma executive, wife settle insider trading case with Sebi: Media report Both have paid a total of ~Rs70 lakh as settlement charges.
IDBI Bank cuts lending rates; to consider ESP Scheme on April 16 The new one-year marginal cost of funds-based lending rate (MCLR) has been reduced to 9%.
Earnings Reaction To Watch
TCS
INFOSYS
Trend in FII flows:- The FIIs were Net Value of Rs 476.51 segment while the DIIs were Net Value of -16.58 the provisional figures.
Securities in Ban For Trade Date 12-APR-2019
1. DHFL
2. IDBI
3. DLF
4. JETAIRWAYS
5. PCJEWELLER
6. RPOWER
7. WOCKPHARMA
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