Pre Session: Markets may open lower amid weak Asian cues
19/06/2018
The Indian benchmark indices are set to open lower on Tuesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note as US President Donald Trump threatened new tariffs on Chinese goods, while Wall Street closed lower in the previous trading session on declines stemming from trade war concerns after China’s retaliation to US tariffs.
On the economy front, the markets may react to a report that Bank credit grew 3.4 percent on a sequential basis in the December 2017 quarter, helped by better performance by private sector banks and an uptick in industrial credit.
On the corporate front, ICICI Bank will be in focus as the board of directors of ICICI Bank appointed Sandeep Bakhshi as its Wholetime Director and Chief Operating Officer (COO) designate.
On the IPO front, Microfinance firm CreditAccess Grameen has received markets regulator SEBI's go ahead to float its initial public offer.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,733, down by 58.50 point.
19/06/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open lower on Tuesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note as US President Donald Trump threatened new tariffs on Chinese goods, while Wall Street closed lower in the previous trading session on declines stemming from trade war concerns after China’s retaliation to US tariffs.
On the economy front, the markets may react to a report that Bank credit grew 3.4 percent on a sequential basis in the December 2017 quarter, helped by better performance by private sector banks and an uptick in industrial credit.
On the corporate front, ICICI Bank will be in focus as the board of directors of ICICI Bank appointed Sandeep Bakhshi as its Wholetime Director and Chief Operating Officer (COO) designate.
On the IPO front, Microfinance firm CreditAccess Grameen has received markets regulator SEBI's go ahead to float its initial public offer.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,733, down by 58.50 point.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
