Nifty likely to open flat.
The Nifty50 is likely to open flat on Thursday following positive trend seen in other Asian markets on news that US President Donald Trump is planning to delay tariffs on auto imports. On Wednesday, US stocks closed higher as trade talks concerns eased. All three major US indexes saw their second straight day of gains following Monday steep sell-off. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 15.5 points or 0.14 percent. Nifty futures were trading around 11,177-level on the Singaporean Exchange. As many as 74 companies will declare their results for the quarter ended March which include names like Bajaj Finserv, Bajaj Finance, Bank of India, D B Corp, Hindalco Industries, JK Tyres, Praj Industries, and Visa Steel among others.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.08% while the Hang Seng is up 0.02%. 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 0.58%, while the Bovespa led the IPC lower. They fell 0.51% and 0.21% respectively.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.90% while London's FTSE 100 is up 0.76% and France's CAC 40 is up 0.62%.
Major Headlines of the day:
Rupee opens at 70.27 per dollar.
India April trade deficit widens to 5-month high amid surging gold imports Notably, growth in exports slowed to a four-month low of 0.64% in April after double-digit growth in March.
Lupin Q4FY19 net profit at Rs289cr; stock slips 3% The revenues of the company for Q4 increased to Rs4,406.3cr in the March quarter as compared to Rs4,033.8cr in the year-ago quarter.
Asian stocks mixed as US-China tensions simmer Australian government bond yields plumbed fresh all-time lows and the Aussie fell as the unemployment rate unexpectedly rose, though moves eased.
Earnings Reaction To Watch
BAJAJAFINSV
BLUEDART
BANK OF INDIA
DB CORP
HINDALCO
JUBILANTIND
JSW ENERGY
MINDA IND
Trend in FII flows:- The FIIs were Net Value of Rs -1142.44 segment while the DIIs were Net Value of 671.77 the provisional figures.
Securities in Ban For Trade Date 16-MAY-2019
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