Nifty likely to open lower
The Nifty50 is likely to open with a gap on the downside on Wednesday following a weak trend seen in other Asian markets as the latest developments in the U.S.-China trade conflict fanned fresh fears about global growth slowdown. The S&P BSE Sensex closed 323 points lower at 38,276 while the Nifty50 ended 100 points down at 11,497 on Tuesday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 56 points or 0.49 percent. Nifty futures were trading around 11,482-level on the Singaporean Exchange. US stocks slid on Tuesday as escalating trade tensions between the United States and China triggered global growth fears and drove investors away from riskier assets.
Global Market
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.48% while the Hang Seng is down 0.77%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly lower today with shares in U.S. leading the region. The S&P 500 is down 1.65% while Mexico's IPC is off 1.21% and Brazil's Bovespa is lower by 0.65%.
European Markets: European markets finished sharply lower today with shares in London leading the region. The FTSE 100 is down 1.63% while France's CAC 40 is off 1.60% and Germany's DAX is lower by 1.58%.
Major Headlines of the day:
Rupee opens at 69.55 per dollar.
Jet Airways Goyal offers Rs250cr for immediate needs: Media reports Goyal would invest the funds from Jetair Pvt. Ltd, a company that he controls.
Neogen Chemicals stock to list today The price band for the issue was Rs212 to Rs215 per share.
DHFL gets NHB nod to sell stake of Aadhar Housing Finance to Blackstone arm The divestment of the company's stake in Aadhar is expected to be completed shortly.
Alembic Pharma forms JV with SPH Sine Pharma, Adia Shanghai Subsequently the JV plans to set up a manufacturing facility in China, the company said in the filing.
Earnings Reaction To Watch
CHENNPETRO
GILLETTE
JSW HOLDINGS
P&G
RAIN INDUSTRIES
SHRIRAM TRANS
TATACOMM
TITAN
Trend in FII flows:- The FIIs were Net Value of Rs -645.08 segment while the DIIs were Net Value of 818.84 the provisional figures.
Securities in Ban For Trade Date 08-MAY-2019
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