Nifty likely to open flat.
The Nifty50 is likely to open flat on Thursday tracking muted trend seen in Asian markets which hit a fresh 6-month low ahead of key Sino-U.S. trade negotiations fanned fresh concerns about the outlook for the global economy. The S&P BSE Sensex closed 487 points lower at 37,789 while the Nifty50 ended 138 points down at 11,359 on Wednesday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 15 points or 0.13 percent. Nifty futures were trading around 11,388-level on the Singaporean Exchange. The benchmark S&P 500 fell on Wednesday for the third day in a row as investors remained cautious about the latest developments on US-China trade talks even after hopeful comments from the White House regarding an eventual agreement.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.20% while the Hang Seng is down 1.66%. 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 1.28%, while the IPC led the S&P 500 lower. They fell 0.40% and 0.16% respectively.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.72% while France's CAC 40 is up 0.40% and London's FTSE 100 is up 0.15%.
Major Headlines of the day:
Rupee opens at 69.88 per dollar.
Financial creditors expected to witness increase in realisation through the IBC in FY20: ICRA The NCLTs continue to remain heavily burdened as the number of cases being admitted continues to increase quarter-on-quarter with the highest quarterly admissions of 359 cases reported in Q4FY19.
Dhanlaxmi Bank reports profit of Rs27.6cr in Q4FY19 Provisions for the quarter came in at Rs16.3cr against Rs20.2cr.
Earnings Reaction To Watch
APOLLO TYRES
ASIAN PAINTS
GRANUELS IND
HCLTECH
PNBHSG FIN
VOLTAS
Trend in FII flows:- The FIIs were Net Value of Rs -701.50 segment while the DIIs were Net Value of 232.95 the provisional figures.
Securities in Ban For Trade Date 09-MAY-2019
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