Nifty likely to open flat
The Nifty50 is likely to open flat on Thursday following muted trend seen in other Asian markets. The index closed 96 points higher at 11,787 on Tuesday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 4 points or 0.03 percent. Nifty futures were trading around 11,853-level on the Singaporean Exchange. US stocks ended slightly lower on Wednesday as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China, said a Reuters report. Asian shares were subdued on Thursday after a negative performance on Wall Street, with caution ahead of business surveys in Europe and Japan, and the Good Friday and Easter holidays keeping investors on the sidelines.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.03% while the Hang Seng is down 0.28%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 1.15%, while the Bovespa led the S&P 500 lower. They fell 1.11% and 0.23% respectively.
European Markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.62% while Germany's DAX is up 0.43% and London's FTSE 100 is up 0.02%.
Major Headlines of the day:
Rupee opens at 69.46 per dollar.
Jet Airways announces temporary suspension of flight operations The development comes after lenders led by State Bank of India decided to reject the plea for emergency funds.
Wipro approves buyback up to 32.30lakh shares The proposed buyback is subject to the approval of shareholders by way of a special resolution through a postal ballot.
Earnings Reaction To Watch
DCB BANK
ICICI LOMBARD
RBL BANK
RELIANCE
TATA SPONGE
Trend in FII flows:- The FIIs were Net Value of Rs 1038.58 segment while the DIIs were Net Value of 37.22 the provisional figures.
Securities in Ban For Trade Date 18-APR-2019
1. IDEA
2. IDBI
3. JETAIRWAYS
4. PCJEWELLER
5. RPOWER
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