Market Live : Nifty likely to open higher.

The Nifty50 is likely to open higher on Wednesday following a mixed trend seen in other Asian markets. Overnight, US markets closed higher after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd. Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the worlds two largest economies said a Reuters report. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 29.5 points or 0.25 percent. Nifty futures were trading around 11,756-level on the Singaporean Exchange. As many as 140 companies will report their results for March quarter which include names like Ashok Buildcon, Bank of Baroda, Canara Bank, Cipla, Cummins India, IndusInd Bank, MOIL, Thermax, etc. among others.

Global Market:

Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.02% while the Hang Seng is up 0.25%. 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 2.76% and the S&P 500 rose 0.85%. The IPC lost 0.76%.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.85% while France's CAC 40 is up 0.50% and London's FTSE 100 is up 0.25%.

Major Headlines of the day:

Rupee opens at 69.68 per dollar.

DHFL puts fresh deposits, renewals on hold: Media reports The company has been subject to multiple downgrades in recent month.

United Breweries gains 5% post Q4FY19 results The company's total income during the final quarter of FY19 was up 5.84% to Rs3,469.3cr vs. Rs3,277.85cr in the corresponding quarter of the previous fiscal.

BPCL and HPCL fall despite strong Q4 nos; brokerages assign mixed ratings Brokerage firm CLSA has a sell rating on both companies, with a target at Rs 300 per share for BPCL and Rs 210 per share for HPCL. However, Deutsche Bank has a buy rating on both oil refining majors.

Earnings Reaction To Watch
BAJAJ ELECTRIC
BANK OF BARODA
CANARA BANK
CUMMINS
INDUSINDBK
JK LAXMI CEM
RAMCO cement

The trend in FII flows:- The FIIs were Net Value of Rs 1185.44 segment while the DIIs were Net Value of -1090.32 the provisional figures.

Securities in Ban For Trade Date 22-MAY-2019
JETAIRWAYS
RELCAPITAL
ADANIPOWER
IDBI

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