The Nifty50 is likely to open with a gap of over 100-150 points in morning trade on Monday tracking Exit Poll results and positive trend seen in other Asian markets. Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. Trends on SGX Nifty indicate a gap up opening for the broader index in India, a jump of 242 points or 2.12 percent. Nifty futures were trading around 11,677-level on the Singaporean Exchange. On the earnings front, as many as 86, companies will declare their results for the quarter ended March later today which include names like Astral Poly, Bharat Forge, BPCL, HEG, Jindal Stainless, Kitex Garments, Tata Motors, Torrent Pharma, United Breweries, etc. among others.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.73% while the Hang Seng is down 0.50%. The Nikkei 225 is not trading.US Markets: North and South American markets finished mixed to lower as of the most recent closing prices. Shares in U.S. fell as the S&P 500 dropped 0.58%. The Bovespa lost 0.04% while the IPC in Mexico closed unchanged.European Markets: European markets finished lower on Friday with shares in Germany leading the region. The DAX is down 0.58% while France's CAC 40 is off 0.18% and London's FTSE 100 is lower by 0.07%.
Major Headlines of the day:
Rupee opens at 69.49 per dollar.
Reliance Capital protests CARE Ratingsâ downgrade action The company expects to realize minimum proceeds of over Rs10,000cr and sharply cut its overall debt by more than 50% within the current financial year.
Fortis Healthcare's arm to sell 28.89% stake in MSCL The proposed transaction is subject to the approval of FHIL shareholders as well as regulatory approval if required.
USFDA inspection at Cipla's Indore plant ends with zero observations USFDA conducted a post-approval inspection at the company's Indore facility from May 13 to May 17, 2019.
Earnings Reaction To Watch
BHARATFORGBPCLHPCLTATAMOTORSTORRENT PHARMA
The trend in FII flows:- The FIIs were Net Value of Rs -1057.82 segments while the DIIs were Net Value of 1809.76 the provisional figures.
Securities in Ban For Trade Date 20-MAY-2019JETAIRWAYS
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