Nifty likely to open higher.
The Nifty50 is expected to open higher on Wednesday following positive trend seen in other Asian markets. The index closed 18 points lower at 11,575 on Tuesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 13 points or 0.12 percent. Nifty futures were trading around 11,606 -level on the Singaporean Exchange. The S&P 500 index and the Nasdaq registered record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown, said a Reuters report. Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.73% while the Hang Seng is down 0.64%. 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 1.41% and the S&P 500 rose 0.88%. The IPC lost 0.51%.
European Markets: European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.85% while France's CAC 40 is up 0.20% and Germany's DAX is up 0.11%.
Major Headlines of the day:
Rupee opens at 69.82 per dollar.
Lupin Indore facility classified as OAI by USFDA The company does not believe that this classification will have an impact on the disruption of supplies or the existing revenues from operations of this facility.
ACC Ltd's Q1CY19 consolidated PAT up 38% yoy to Rs346cr Net Sales during the quarter was higher by 8% to Rs3,850cr vs. Rs3,557cr for the same quarter last year.
Capacite Infraprojects gains 1% on order wins worth Rs342.38cr Orders secured from private sector clients for construction of commercial and residential buildings at Mumbai.
Earnings Reaction To Watch
BHARTI INFRATEL
HEAXAWARE
ICICI PRUDENTIAL
INDIABULLS HSG
M&M
MUTHOOTCAP
TATA ELXSI
ULTRACEMCO
Trend in FII flows:- The FIIs were Net Value of Rs -237.47 segment while the DIIs were Net Value of 198.35 the provisional figures.
Securities in Ban For Trade Date 24-APR-2019
1. IDEA
2. IDBI
3. DLF
4. ADANIPOWER
5. JETAIRWAYS
6. PCJEWELLER
7. RPOWER
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