Nifty likely to open flat.
The Nifty50 is likely to open flat-to-higher on Monday following a mixed trend seen in other Asian markets. Asia was trading at a multi-month low on mounting worries about Sino-US tensions and Washington new tariff threat against Mexico which could tip the global economy into a recession. US stocks dropped on Friday, as the S&P 500 closed out the month with its biggest May slump since 2010 after President Donald Trump's surprise threat of tariffs on Mexico fuelled fears that a trade war on multiple fronts, said a Reuters report.Oil prices fell more than 1 percent on Monday, extending losses of over 3 percent from Friday when crude markets racked up their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown, the report added.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.58% while the Hang Seng is down 0.48%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly lower on Friday with shares in Mexico leading the region. The IPC is down 1.38% while U.S.'s S&P 500 is off 1.32% and Brazil's Bovespa is lower by 0.44%.
European Markets: European markets finished broadly lower on Friday with shares in Germany leading the region. The DAX is down 1.47% while France's CAC 40 is off 0.79% and London's FTSE 100 is lower by 0.78%.
Major Headlines of the day:
Rupee opens at 69.50 per dollar.
Eicher Motors sales down 16.5% in May19 Sales of Models with engine capacity upto 350cc fell 19% yoy at 55,833 units in May compared to 68,813 in May 2018.
Government collects Rs100,289cr in May under GST Cess collections stood t Rs8,125cr, which includes Rs953cr collected on imports.
OBC's plans to raise Rs3,000cr through QIP gets approval from board The board approved the appointment of Ashwani Kumar as the chief financial officer of the bank with effect from June 1, 2019.
Trend in FII flows:- The FIIs were Net Value of Rs 676.15 segment while the DIIs were Net Value of 394.09 the provisional figures.
Securities in Ban For Trade Date 03-JUNE-2019
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