Nifty opens below 11,250.
The Nifty50 is likely to open lower on Monday tracking Asian markets which were trading in a range on growing uncertainty over whether the United States and China will be able to reach a deal to end their trade war after Washington sharply hiked tariffs. The trade war between the world top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President Donald Trump said Beijing broke the deal by reneging on earlier commitments. China has vowed to retaliate, without giving details, said a Reuters report. US stocks rebounded from early losses on Friday to snap a four-day losing streak after US President Donald Trump and Treasury Secretary Steven Mnuchin said trade talks between the United States and China were constructive.
Global Market:
Asian Markets: Japanese shares are lower today as the Nikkei 225 falls 0.42%. The stock markets in Hong Kong and Shanghai are closed at this time.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.44% and the S&P 500 rose 0.37%. The Bovespa lost 0.58%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.72% and the CAC 40 rose 0.27%. The FTSE 100 lost 0.06%.
Major Headlines of the day:
Etihad submits bid for minority stakes in Jet Airways: Media reports SBI had invited binding bids for a stake in the airline. Binding offers were due on Friday.
UPL acquires 26.75% stake in Allfresh The acquisition of Allfresh will help the company in growing the post-harvest market in the country.
Earnings Reaction To Watch
GODREJ IND
HDFC
INOX LEISURE
ITC
JUST DAIL
LINDE INDIA
SRF
IDEA
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