Nifty likely to open flat.
The Nifty50 is likely to open flat on Monday following Asian markets which were trading mixed as China GDP growth slows to 6.2 percent in the second quarter. On Friday, all three major US indexes posted record closing highs as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week kickoff of the corporate earnings season, said a Reuters report. The S&P BSE Sensex fell 86 points to 38,736 while the Nifty50 closed 30 points lower at 11,552 on Friday. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 7.5 points or 0.06 percent. Nifty futures were trading around 11,539-level on the Singaporean Exchange.
Global Market:
Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.12% while the Hang Seng is up 0.06%. 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 0.46%, while the Bovespa led the IPC lower. They fell 1.18% and 0.55% respectively.
European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.38%, while the DAX led the FTSE 100 lower. They fell 0.07% and 0.05% respectively.
Major Headlines of the day:
Rupee stands at 68.54 per dollar.
India's June Inflation rises 3.18% yoy; May IIP at 3.1% yoy Food prices, which is a gauge to measure changes in kitchen budgets, grew 2.1% 2019 in June compared to 1.83% in May 2019.
SBI waives RTGS, NEFT charges for internet, mobile transactions effective August 1 State bank of India boasts of around 18% market share in mobile banking transactions.
Laurus Labs reports successful completion of USFDA inspection at Unit 4, Visakhapatnam; stock rises 3% The Company has announced that it has completed the US Food and Drug Administration inspection of Unit 4 at Visakhapatnam, Andhra Pradesh, without any observations and no form 483 issued.
Earnings Reaction To Watch
BAJAJ CONSUMER
TATA METALIKS
Trend in FII flows:- The FIIs were Net Value of Rs -850.11 segment while the DIIs were Net Value of 940.12 the provisional figures.
Securities in Ban For Trade Date 15-JULY-2019
DHFL
RELCAPITAL
IDBI
RELINFRA
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