Nifty likely to open higher.
The Nifty50 is likely to open higher on Friday tracking Asian markets which were trading higher as investors clung on to hopes that a meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions. The S&P 500 and the Nasdaq closed higher in a broad-based rally on Thursday as investors looked to the G20 summit in Osaka, said a Reuters report. The benchmark S&P 500 snapped its four-day losing streak, closing within 1% of its all-time high, reached a week ago. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 15 points or 0.13 percent. Nifty futures were trading around 11,907-level on the Singaporean Exchange. The S&P BSE Sensex slipped 5 points to 39,586 while the Nifty50 closed 6 points lower at 11,841 on Thursday.
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 0.61%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 0.38% and the Bovespa rose 0.04%. The IPC lost 1.09%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.21%, while the FTSE 100 led the CAC 40 lower. They fell 0.19% and 0.13% respectively.
Major Headlines of the day:
Rupee stands at 69.01 per dollar.
Axis Bank to consider $1.3 bn share sale: Media reports The bank plans to seek board approval for the sale as early as next month, the people said, asking not to be identified as the information is private, media report added.
Sunteck Realty to build an expansive portfolio in commercial & retail properties over next 4 years Sunteck is exploring opportunities in the western suburbs of Mumbai to grow this retail & commercial portfolio.
Jubilant Foodworks rises as Citi expect 14% upside, maintains buy The share touched its 52-week high Rs 1,575.00 and 52-week low Rs 982.00 on 28 August, 2018 and 26 October, 2018, respectively.
Trend in FII flows:- The FIIs were Net Value of Rs -0.71 segment while the DIIs were Net Value of 196.57 the provisional figures.
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