Nifty likely to open flat.
The Nifty50 is likely to open flat-to-negative on Thursday following a mixed trend seen in Asian markets which were weighed down by the uncertainty over an intractable U.S.-China trade dispute, and oil prices were trading near five-month lows. Overnight, Wall Street ended down slightly with bank stocks declining as prospects of a U.S. interest rate cut rose and energy shares tumbling along with oil prices, said a Reuters report. Trends on SGX Nifty indicate a flat-to-negative opening for the broader index in India, a fall of 19 points or 0.16 percent. The Nifty futures were trading around 11,906-level on the Singaporean Exchange. The final tally on D-Street on Wednesday the S&P BSE Sensex dropped 193 points to 39,756 while the Nifty50 closed 59 points to close at 11,906.
Global Market:
Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.81% while the Hang Seng is down 1.20%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.20%, while the Bovespa led the S&P 500 lower. They fell 0.65% and 0.20% respectively.
European Markets: European markets finished lower today with shares in France leading the region. The CAC 40 is down 0.62% while London's FTSE 100 is off 0.42% and Germany's DAX is lower by 0.33%.
Major Headlines of the day:
Rupee opens at 69.34 per dollar.
IIP growth at six-month high in April; CPI rises 3.05% in May Retail inflation for the month of May rose to 3.05% as compared to 2.99% in the month of April.
L&T OFS fair and reasonable: Mindtree independent director L&T open offer to buy another 31% stake in Mindtree will now open on June 17 and close on June 28.
Trend in FII flows:- The FIIs were Net Value of Rs 1050.43 segment while the DIIs were Net Value of 271.15 the provisional figures.
Securities in Ban For Trade Date 13-JUNE-2019
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