Nifty likely to open lower
The Nifty50 is likely to open lower on Monday following muted trend seen in other Asian markets as trade negotiations between China and the United States deteriorated suddenly. On Friday, US markets rose on stronger-than-expected job growth. The S&P BSE Sensex closed 18 points lower at 38,963 while the Nifty50 closed 12 points down at 11,712 on Friday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 56 points or 0.48 percent. Nifty futures were trading around 11,704-level on the Singaporean Exchange. US stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 4.91% while the Hang Seng is down 3.45%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 0.96%, while the Bovespa led the IPC lower. They fell 0.36% and 0.08% respectively
European Markets: European markets finished mixed as of their recent closing prices. The DAX gained 0.55% while the FTSE 100 was higher by 0.40%. The CAC 40 was even.
Major Headlines of the day:
Rupee opens at 69.29 per dollar.
ICRA downgrades ratings on 2 Reliance Capital arms: Media report Even though there has been no delay in honoring CP commitments, the call takes into account debt servicing on some bank lines.
Bharti Airtel plans IPO of African phone unit: Media reports The business has operations in 14 African markets including Kenya, Tanzania, Nigeria, and Ghana.
Earnings Reaction To Watch
BHARTIARTL
CHENN PETRO
GUJ GAS
ICICIBANK
MARICO
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
0 comments:
Post a Comment