Nifty likely to open lower
The Nifty50 is expected to open lower on Thursday following weak trend seen in other Asian markets. The index closed 6.5 points lower at 11,748.20 on April 30. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 56 points or 0.47 percent. Nifty futures were trading around 11,793 - level on the Singaporean Exchange. US stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen the hopes that the central bank could move later this year to cut interest rates, said a Reuters report. Asian markets marked time on Thursday with two major centres - Japan and China - shut for holidays while the dollar held on to overnight gains after the US central bank poured cold water on rate cut expectations.
Global Market
Asian Markets: Shares in Hong Kong are higher today as the Hang Seng gains 0.59%. The stock markets in Tokyo and Shanghai are closed at this time.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.17%, while the IPC led the S&P 500 lower. They fell 0.80% and 0.75% respectively.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.13% and the CAC 40 rose 0.10%. The FTSE 100 lost 0.44%.
Major Headlines of the day
Rupee opens at 69.61 per dollar
DHFL pays interest, principal of Rs832cr to bond investors; ICRA downgrades rating The rating continues to be on watch with negative implications.
Avenue Supermarts to consider proposal for raising capital on May 11 The board will also consider the Standalone Audited Financial Statements for the quarter ended March 31, 2019, and Standalone & Consolidated Audited Financial Statements for the year ended March 31, 2019.
Lupin in alliance with Natco gets FDA nod for Bosentan tablets According to IQVIA MAT data released in March 2019, Bosentan Tablets, 62.5 mg, and 125 mg had annual sales of ~$84.8mn.
Earnings Reaction To Watch
BANDHAN BANK
BLUESTAR
DABUR
HIND ZINC
L&T INFOTECH
MRF
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