Nifty likely to open higher.
The Nifty50 is likely to open higher on Tuesday following a positive trend in Asian markets. The index closed 46 points higher at 11,690 on Monday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 13 points or 0.11 percent. Nifty futures were trading around 11,750-level on the Singaporean Exchange. Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm, said a Reuters report. Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.17% while the Hang Seng is up 0.01%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.22%, while the IPC led the S&P 500 lower. They fell 0.13% and 0.06% respectively.
European Markets: European markets finished mixed as of their recent closing prices. The DAX gained 0.17% while the CAC 40 was higher by 0.11%. The FTSE 100 was even.
Major Headlines of the day:
Rupee opens at 69.49 per dollar.
Hathway Cable & Datacom Q4FY19 revenue down 9.1% Margins stood at 32% vs. 40.5% and the company reported other income of Rs41cr.
Earnings Reaction To Watch
WIPRO
Trend in FII flows:- The FIIs were Net Value of Rs 713.22 segment while the DIIs were Net Value of 581.36 the provisional figures.
Securities in Ban For Trade Date 16-APR-2019
1. DHFL
2. IDBI
3. JETAIRWAYS
4. PCJEWELLER
5. RPOWER
6. WOCKPHARMA
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