The Nifty50 is expected to open flat-to-higher on Tuesday despite muted trend seen in other Asian markets. Overnight, US markets slipped as White Houses restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 23 points or 0.20 percent. Nifty futures were trading around 11,888-level on the Singaporean Exchange. The rupee Monday appreciated by 49 paise, the biggest single-day gain in two months, to close at 69.74 against the US dollar following sharp gains in equities and forex inflows after exit polls suggested another term for the ruling NDA government. As many as 96 companies will declare their results for the March quarter which include names like Bharat Financial, BOSCH, CARE Ratings, DLF, Tech Mahindra, Timken India, Vaibhav Global, KEI Industries, JSPL, and Aarti Industries among others.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.58% while the Hang Seng is up 0.37%. 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 2.17% and the IPC rose 0.17%. The S&P 500 lost 0.67%.
European Markets: European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 1.61% while France's CAC 40 is off 1.46% and London's FTSE 100 is lower by 0.51%.
Major Headlines of the day:
Rupee opens at 69.74 per dollar.
Adani Green's promoters to sell up to 5.6% stake via OFS The promoters will sell up to 8.75cr shares at a floor price of Rs43 apiece.
Tata Motors stock jumps 8% ahead of Q4FY19 numbers The auto company will announce its Q4FY19 numbers today.
A2Z Infra Engineering locked at 10% upper circuit on OTS Company has already made Settlement arrangements with SICOM, Standard Chartered Bank and Edelweiss Asset Reconstruction Company (loan assigned by ICICI Bank Ltd.) for their outstanding loans.
Earnings Reaction To Watch
AARTI IND
BHARAT FIN
DLF
JINDAL STEEL
TECHM
The trend in FII flows:- The FIIs were Net Value of Rs 1734.45 segment while the DIIs were Net Value of -542.71 the provisional figures.
Securities in Ban For Trade Date 21-MAY-2019
JETAIRWAYS
RELCAPITAL
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