Nifty likely to open higher.
The Nifty50 is expected to open higher on Friday tracking Asian markets which were trading higher after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month.U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month, said a Reuters report. The S&P BSE Sensex dropped 318 points to 38,897 while the Nifty50 closed 90 points lower at 11,596 on Thursday. The rupee depreciated by 15 paise to close at 68.97 against the US dollar July 18, amid heavy selling in domestic equities and rising crude oil prices.On the institutional front, FPIs were net sellers in Indian markets for Rs 1404 cr, while DIIs were net buyers to the tune of Rs 329 cr, provisional data showed. Trends on SGX Nifty indicate a higher opening for the broader index in India, a gain of 41 points or 0.35 percent. Nifty futures were trading around 11,643-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 1.10% while the Hang Seng is up 1.10%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.83% and the S&P 500 rose 0.36%. The IPC lost 2.19%.
European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.92% while London's FTSE 100 is off 0.56% and France's CAC 40 is lower by 0.38%.
Major Headlines of the day:
Rupee stands at 68.75 per dollar.
Srei Infra, unit Srei Equipment to withdraw amalgamation plan Subsequently, with the developing market conditions in the NBFC sector, the management and the Board of Directors have had several discussions and deliberations with market experts, consultants and others and the Board considered that the aforesaid Scheme should not be followed through, the company said in the filing.
CCI approves Nippon Life Insurance's acquisition of up to 75% stake in RNAM In May, Reliance Capital had said that it would exit the mutual fund business by selling off its stake in RNAM to its partner Japan's Nippon Life Insurance.
Earnings Reaction To Watch
BANDHAN BANK
DABUR INDIA
DHANUKA
HIND ZINC
ICICI LOMBARD
INDIGO
L&T TECHNOLOGY
RBL BANK
RELIANCE
Trend in FII flows:- The FIIs were Net Value of Rs -1404.86 segment while the DIIs were Net Value of 329.05 the provisional figures.
Securities in Ban For Trade Date 19-JULY-2019
RELCAPITAL
IDBI
DHFL
RELINFRA
TATAELXSI
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