Nifty likely to open flat.
The Nifty50 is likely to open flat on Wednesday tracking muted trend seen in other Asian markets as fresh concerns over Washington threat of tariffs on additional European goods weighed on sentiment. U.S. stocks managed modest gains on Tuesday after holding near the unchanged mark for much of the session, with the S&P 500 gaining 0.29% to a record close of 2,972.98, with dividend-oriented utilities and real estate stocks leading the gains, said a Reuters report. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 18 points or 0.15 percent. Nifty futures were trading around 11,961-level on the Singaporean Exchange. The S&P BSE Sensex rose 129 points to 39,816 while the Nifty50 closed 44 points higher at 11,910.
Global Market:
Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.67% while the Hang Seng is down 0.27%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The S&P 500 gained 0.29%, while Brazil's Bovespa was off 0.36%. Shares in Mexico were unchanged with the IPC at 43,441.80.
European Markets: European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.82% while France's CAC 40 is up 0.16% and Germany's DAX is up 0.04%.
Major Headlines of the day:
Rupee stands at 68.85 per dollar.
RBI imposes penalty on four banks for non-compliance with KYC/AML rules Giving details, the RBI said the penalty has been imposed for non-compliance with certain provisions of directions issued by it on Know Your Customer norms or anti-money laundering standards and opening of current accounts.
Power Mech Projects wins orders worth Rs412cr The company stated that it has received the letter of intent/work order for the two projects.
Ramco Systems selected for ERP project by Erickson, stock up ~3% Erickson Incorporated has selected the company to implement its Aviation M&E MRO Solution V5.8.
Trend in FII flows:- The FIIs were Net Value of Rs -512.00 segment while the DIIs were Net Value of 141.09 the provisional figures.
Securities in Ban For Trade Date 03-JULY-2019
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