Pre Session: Markets may open lower amid weak Asian cues
22/06/2018
The Indian benchmark indices are set to open lower on Friday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note on signs of US trade battles with China and other countries to continue, while Wall Street closed lower in the previous trading session as industrials wobbled again on trade war concerns.
On the economy front, the markets may react to a report that India has increased customs duty on 29 products, including pulses and iron and steel products, imported from the US as a retaliatory action against the tariff hike by Washington.
Also, markets regulator Sebi approved changes to takeover regulations wherein entities would get additional time for upward revision of open offer price during share tendering period.
On the IPO front, the IPO price band can be announced two working days before commencement of the offer, with markets regulator Sebi approving various amendments to the regulations. The initial public offering (IPO) of Railways consultancy firm RITES (Rail India Technical and Economic Services Ltd) was fully subscribed on the second day. Also, Chemical manufacturer Fine Organic Industries' initial public offer was subscribed 39 per cent on the second day of the bidding yesterday.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,712, down by 21 point.
22/06/2018
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The Indian benchmark indices are set to open lower on Friday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note on signs of US trade battles with China and other countries to continue, while Wall Street closed lower in the previous trading session as industrials wobbled again on trade war concerns.
On the economy front, the markets may react to a report that India has increased customs duty on 29 products, including pulses and iron and steel products, imported from the US as a retaliatory action against the tariff hike by Washington.
Also, markets regulator Sebi approved changes to takeover regulations wherein entities would get additional time for upward revision of open offer price during share tendering period.
On the IPO front, the IPO price band can be announced two working days before commencement of the offer, with markets regulator Sebi approving various amendments to the regulations. The initial public offering (IPO) of Railways consultancy firm RITES (Rail India Technical and Economic Services Ltd) was fully subscribed on the second day. Also, Chemical manufacturer Fine Organic Industries' initial public offer was subscribed 39 per cent on the second day of the bidding yesterday.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,712, down by 21 point.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
