Nifty likely to open higher
The Nifty50 is expected to open higher on Wednesday following Asian markets which were trading higher on hopes that US Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day. The S&P BSE Sensex rose 85 points to 39,046 while the Nifty50 closed 19 points higher at 11,691 on Tuesday. Trends on SGX Nifty indicate a positive opening for the benchmark index in India, a rise of 48 points or 0.41 percent. The Nifty futures were trading around 11,760-level on the Singaporean Exchange. Oil prices rose about $2 a barrel on Tuesday after US President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month, said a Reuters report.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.23% while the Hang Seng is up 2.28%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.82% while U.S.'s S&P 500 is up 0.97% and Mexico's IPC is up 0.46%.
European Markets: European markets closed sharply higher today with shares in France leading the region. The CAC 40 is up 2.20% while Germany's DAX is up 2.03% and London's FTSE 100 is up 1.17%.
Major Headlines of the day:
Rupee stands at 69.56 per dollar.
Air passenger traffic rises 2.96% yoy in May: DGCA The passenger growth in May was led by GoAir, InterGlobe Aviation Ltd, and SpiceJet Ltd.
RBI penalizes HDFC Bank for violating KYC norms The RBI stated that it had received a reference from Customs authorities for the submission of forged bill of entries by certain importers to the bank for remittance of foreign currency.
Canara Bank revives plan to sell stake in Can Fin Homes Last year, the state-owned bank had cancelled plans to divest its entire shareholding in the housing finance subsidiary after receiving a lower-than-expected price quotation.
Wind capacity addition likely to improve to 3.5 - 4.0 GW in FY20: ICRA The tariff discovered in the recent wind power auctions continue to remain at less than Rs3 per unit.
Trend in FII flows:- The FIIs were Net Value of Rs 31.73 segment while the DIIs were Net Value of 181.03 the provisional figures.
Securities in Ban For Trade Date 19-JUNE-2019
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