Nifty likely to open higher.
The Nifty50 is likely to open higher on Thursday tracking Asian markets which were trading with a positive bias taking cues from Wall Street which rose to a fresh record high on hopes of a rate cut by US Federal Reserve. U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy, said a Reuters report. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 14 points or 0.12 percent. Nifty futures were trading around 11,962-level on the Singaporean Exchange. The S&P BSE Sensex rose 22 points to 39,839 while the Nifty50 closed 6.4 points higher at 11,916 on Wednesday.
Global Market:
Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.29% while the Hang Seng is down 0.03%. The Shanghai Composite 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 1.43% while U.S.'s S&P 500 is up 0.77% and Mexico's IPC is up 0.10%.
European Markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.75% while Germany's DAX is up 0.71% and London's FTSE 100 is up 0.66%.
Major Headlines of the day:
Rupee stands at 68.82 per dollar.
NCLT approves transfer of Bharti Airtel optical fibre cable biz to Telesonic Networks Meanwhile, the SC agreed to hear DoT's plea on the amalgamation of Bharti Airtel & Tikona Digital.
CCEA approves increase in MSP for all kharif crops The move will lead to increased investment and production through assured remunerative prices to the farmers, the CCEA said in the press note.
Cox & Kings defaults on interest payment due on June 30 This is the third time the company has defaulted on payments. It has already defaulted twice on June 27 and July 1 with a cumulative default of Rs200cr on payment of commercial papers.
Trend in FII flows:- The FIIs were Net Value of Rs -390.18 segment while the DIIs were Net Value of 287.57 the provisional figures.
Securities in Ban For Trade Date 04-JULY-2019
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