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Tuesday 28 May 2019

Market Live By CapitalStars 29/May/2019

Market Live

Nifty likely to open flat.

The Nifty50 is likely to open flat on Wednesday tracking mixed trend seen in other Asian markets. The index closed Overnight, U.S. stocks closed lower as the likelihood of a prolonged trade war between the United States and China once again kept risk appetite in check, said a Reuters report. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 19 points or 0.16 percent. Nifty futures were trading around 11,910-level on the Singaporean Exchange. The rupee May 28 declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers and rising crude oil prices. Forex traders said that weakened Asian currencies also added to the pressure on the domestic unit.

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.26% while the Hang Seng is down 0.40%. 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 1.61%, while the S&P 500 led the IPC lower. They fell 0.84% and 0.67% respectively.
European Markets: European markets finished lower today with shares in France leading the region. The CAC 40 is down 0.44% while Germany's DAX is off 0.37% and London's FTSE 100 is lower by 0.12%.

Major Headlines of the day:

Rupee opens at 69.75 per dollar.

IRB Infra�s Hapur Bypass Project SPV receives appointed date from NHAI As a result of this, the company will be commencing Tolling on the project with effect from May 29, 2019, for the Concession Period of 22 years.

RBI extended timings for customer transactions on RTGS With effect from June 1, the RTGS timings for customer transactions (initial cut-off) will be 6 PM, instead of the present 4:30 PM, the RBI said in a notification on Tuesday.

DHFL clarifies on report of look out notice against promoters The company denied receipt of any communication from any authority. w.r.t the lookout notice against the promoters of the company.

Earnings Reaction To Watch
ADANIENT
ADANI POWER
BHEL
CADILAHC
GLENMARK
GNFC
HAVELLS
M&M
REPCOHOME
VGUARD IND

Trend in FII flows:- The FIIs were Net Value of Rs -501.11 segment while the DIIs were Net Value of 269.22 the provisional figures.

Securities in Ban For Trade Date 29-MAY-2019
ADANIPOWER
PCJEWELLER


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