Nifty likely to open lower.
The Nifty50 is expected to open lower on Monday following Asian markets which were trading mixed as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve. Expectations for a 50 bp cut were scaled back further after the Wall Street Journal reported the Fed was likely to cut rates by 25 bps when it meets later this month, and may make further cuts in the future given global growth and trade uncertainties, said a Reuters report. The Dow Jones Industrial Average fell 68.77 points, or 0.25 percent, to 27,154.2, the S&P 500 lost 18.5 points, or 0.62 percent, to 2,976.61 and the Nasdaq Composite dropped 60.75 points, or 0.74 percent, to 8,146.49, it said. Trends on SGX Nifty indicate a flat-to-negative opening for the broader index in India, a fall of 29 points or 0.26 percent. Nifty futures were trading around 11,400-level on the Singaporean Exchange.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.03% while the Hang Seng is down 0.81%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly lower on Friday with shares in Brazil leading the region. The Bovespa is down 1.21% while U.S.'s S&P 500 is off 0.62% and Mexico's IPC is lower by 0.03%.
European Markets: European markets finished higher on Friday with shares in Germany leading the region. The DAX is up 0.26% while London's FTSE 100 is up 0.21% and France's CAC 40 is up 0.03%.
Major Headlines of the day:
Rupee stands at 68.90 per dollar.
Domestic air passenger traffic up 6% in June: DCGA The uptick in June follows a marginal under 3% growth in May ferrying 112 mn passengers.
Cipla gets 7 observations for its API manufacturing facility in Virgonangar, Bengaluru The inspection ended with 7 observations, none of which were a repeat or related to data integrity, the company said on Saturday.
Kotak Mahindra Bank Q1FY20E Result Expectation Expect strong credit growth aided by corporate & small business segments and stable NIMs.
Earnings Reaction To Watch
CANFINHOME
ICICI SECURITIE
JUSTDAIL
KOTAK MAHINDRA
TVS MOTOR
MCDOWELL
Trend in FII flows:- The FIIs were Net Value of Rs -950.15 segment while the DIIs were Net Value of 733.92 the provisional figures.
Securities in Ban For Trade Date 22-JULY-2019
RELCAPITAL
IDBI
DHFL
RELINFRA
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