Nifty likely to open flat
The Nifty50 is expected to open flat on Tuesday following positive trend seen in other Asian markets. Financial markets the U.K. and U.S. closed for holidays. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 2.5 points or 0.02 percent. Nifty futures were trading around 11,921-level on the Singaporean Exchange. As many as 383 companies will declare their results for the quarter ended March which include names like Adani Transmission, Amtek Auto, Aurobindo Pharma, Emkay Global, JBM Auto, Jaiprakash Associates, Kwality, Max Financial Services, Pfizer, Punjab National Bank and TeamLease Services among others.
Global Market
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.69% while the Hang Seng is up 0.39%. 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 1.32% and the S&P 500 rose 0.14%. The IPC lost 0.30%.
European Markets: European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.65% while Germany's DAX is up 0.50% and France's CAC 40 is up 0.37%.
Major Headlines of the day:
Rupee opens at 69.65 per dollar.
FY20 take-off of the Indian aviation industry hit hard: ICRA As per ICRA note, this is primarily attributable due to adverse impact on the industry capacity which has been hit hard due to grounding of aircraft of Jet Airways (India) Limited, starting February 2019 (due to liquidity constraints) and eventual discontinuation of its operations with effect from April 18, 2019.
Eicher Motors clarifies on reports of Flash Electronics suing company; stock down 4% Eicher Motor further clarified that the company has a strategy of developing and if required, sourcing components and parts from multiple vendors and as such the above event is not considered material by the company in terms of principles of materiality set out in SEBI regulation.
Earnings Reaction To Watch
ADANI TRANS
AUROPHARMA
KOLTEPATIL
PNB
SUN PHARMA
Trend in FII flows:- The FIIs were Net Value of Rs 1215.36 segment while the DIIs were Net Value of -327.86 the provisional figures.
Securities in Ban For Trade Date 28-MAY-2019
ADANIPOWER
IDBI
PCJEWELLER
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