Nifty likely to open lower.
The Nifty50 is likely to open lower on Tuesday ahead of Monetary Policy Committee (MPC) outcome on Thursday. Asian markets were trading mixed as deeper concerns about growth have capped broader improvements in risk sentiment. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.40 percent. Nifty futures were trading around 12,070-level on the Singaporean Exchange. Overnight, the three major U.S. stock indexes declined on Monday and Nasdaq confirmed it was in a correction, dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators, said a Reuters report.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.04% while the Hang Seng is down 0.66%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.84%, while the S&P 500 led the Bovespa lower. They fell 0.28% and 0.01% respectively.
European Markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.65% while Germany's DAX is up 0.56% and London's FTSE 100 is up 0.32%.
Major Headlines of the day:
Rupee opens at 69.11 per dollar.
Nifty hits fresh lifetime high; Auto stocks on a recovery mode Nifty and Bank Nifty index added open interest consisting of mainly long positions.
Cadila arm gets 8 observations for USA facility The inspection concluded with 3 observations at one facility and 8 observations at the other facility of Nesher Pharmaceuticals with a recommendation for Voluntary Action Indicated (VAI).
M&M gains 2% after Canadian fund buys stake for Rs 1,244 cr M&M said proceeds of the sale would be used for its various operational requirements.
TVS Motor Company jumps 4% after May sales increase sequentially TVS said motorcycle sales grew 13 percent YoY to 1,42,787 units and scooter sales 2 percent YoY to 98,202 units in the month gone.
Trend in FII flows:- The FIIs were Net Value of Rs 3068.88 segment while the DIIs were Net Value of -462.69 the provisional figures.
Securities in Ban For Trade Date 04-JUNE-2019
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