Pre Session: Flat opening on cards for Sensex, Nifty; RIL, ICICI Bank Q1 eyed
27/07/2018
Indian equity markets may open flat to higher on Friday, tracking muted trend across SGX Nifty Index Futures and mixed cues from global peers. Overseas, Asian stocks were trading higher, following a mixed session on Wall Street, led by Japan’s Nikkei 225 which gained as much as 0.25 per cent. US stocks ended mostly lower in overnight trade, dragged by sharp decline in Facebook Inc.’s shares after the social network’s revenue and user growth missed estimates. Back home, muted trends in the SGX Nifty Index Futures for August delivery, which were trading flat at 11,167.00 at 10:50 AM Singapore time, also indicated a flat to positive opening for local bourses. Shares of Hindalco will remain in focus after the company said its US subsidiary Novelis will buy rival aluminium products company Aleris for USD 2.58 billion. On the earnings front, big companies like Reliance Industries, ICICI Bank, HCL Tech, Bank of Baroda, JSW Energy and IOB, will announce their quarterly numbers later in the day. On the IPO front, shares of HDFC Mutual Fund (MF) was fully subscribed 5.5 times on day two as the company received bids for 103 million shares as against 18.8 million on offer. .
27/07/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equity markets may open flat to higher on Friday, tracking muted trend across SGX Nifty Index Futures and mixed cues from global peers. Overseas, Asian stocks were trading higher, following a mixed session on Wall Street, led by Japan’s Nikkei 225 which gained as much as 0.25 per cent. US stocks ended mostly lower in overnight trade, dragged by sharp decline in Facebook Inc.’s shares after the social network’s revenue and user growth missed estimates. Back home, muted trends in the SGX Nifty Index Futures for August delivery, which were trading flat at 11,167.00 at 10:50 AM Singapore time, also indicated a flat to positive opening for local bourses. Shares of Hindalco will remain in focus after the company said its US subsidiary Novelis will buy rival aluminium products company Aleris for USD 2.58 billion. On the earnings front, big companies like Reliance Industries, ICICI Bank, HCL Tech, Bank of Baroda, JSW Energy and IOB, will announce their quarterly numbers later in the day. On the IPO front, shares of HDFC Mutual Fund (MF) was fully subscribed 5.5 times on day two as the company received bids for 103 million shares as against 18.8 million on offer. .
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