Nifty likely to open flat.
The Nifty50 is likely to open flat on Friday following a mixed trend seen in other Asian markets. Investors across the globe got nervous on growing worries about Middle East tensions, after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. The S&P 500 hit a record high on Thursday after this week Federal Reserve meeting boosted expectations that the central bank will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth, said a Reuters report. Trends on SGX Nifty indicate a flat opening for the benchmark index in India, a fall of 7 points or 0.06 percent. The Nifty futures were trading around 11,857-level on the Singaporean Exchange. The rupee Thursday surged 24 paise to close at a one-week high of Rs 69.44 against the US currency on the back of a rally in equities and losses in the dollar after the US Federal Reserve hinted at a possible rate cut in near future.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.68% while the Hang Seng is down 0.15%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished higher today with shares in U.S. leading the region. The S&P 500 is up 0.95% while Brazil's Bovespa is up 0.90% and Mexico's IPC is up 0.62%.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.38% while France's CAC 40 is up 0.31% and London's FTSE 100 is up 0.28%.
Major Headlines of the day:
Rupee stands at 69.75 per dollar.
Maruti Suzuki increases prices of Dzire due to safety, pollution norms Depending on features introduced across variants, the ex-showroom price in Delhi and NCR region shall vary from Rs5,82,613 to Rs9,57,622.
Jet Airways admitted to insolvency by NCLT Mumbai: Media reports The tribunal has also instructed that the resolution process be wrapped up in 90 days as the matter is of national importance.
NTPC wins 160MW solar order from SECI in Rajasthan NTPC has won 160MW of solar capacities at a levelized tariff of Rs2.50/unit, applicable for 25 years.
Trend in FII flows:- The FIIs were Net Value of Rs -438.41 segment while the DIIs were Net Value of 1241.23 the provisional figures.
Securities in Ban For Trade Date 21-JUNE-2019
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