Pre Session: Markets may open flat amid mixed Asian cues
20/06/2018
The Indian benchmark indices are set to open flat on Wednesday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note as investors sought bargains, a day after the US-China trade war drove down bond yields, and share and commodity prices, while Wall Street closed lower in the previous trading session as a sharp escalation in the trade dispute between the United States and China rattled markets.
On the economy front, the markets may react to a report that state-run banks will focus on meeting the credit demands of 4,500 good borrowers besides micro, small and medium enterprises (MSMEs) as the government looks to these lenders to help revive growth. Also, RBI tightened norms for Liberalised Remittance Scheme (LRS) by making quoting of permanent account number (PAN) mandatory even for transactions below USD 25,000.
On the IPO front, the Securities and Exchange Board of India (Sebi) is set to revamp initial public offering (IPO) norms to make them less onerous for legitimate sellers while clamping down on possible misuse. Also, Railways consultancy firm RITES will open its initial public offering for subscription on June 20, with a price band of Rs 180-185 per share. Also, the initial public offering of Fine Organic Industries is set to open for subscription on June 20, with a price band of Rs 780-783 per share.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,720, down by 6.50 point.
20/06/2018
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The Indian benchmark indices are set to open flat on Wednesday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note as investors sought bargains, a day after the US-China trade war drove down bond yields, and share and commodity prices, while Wall Street closed lower in the previous trading session as a sharp escalation in the trade dispute between the United States and China rattled markets.
On the economy front, the markets may react to a report that state-run banks will focus on meeting the credit demands of 4,500 good borrowers besides micro, small and medium enterprises (MSMEs) as the government looks to these lenders to help revive growth. Also, RBI tightened norms for Liberalised Remittance Scheme (LRS) by making quoting of permanent account number (PAN) mandatory even for transactions below USD 25,000.
On the IPO front, the Securities and Exchange Board of India (Sebi) is set to revamp initial public offering (IPO) norms to make them less onerous for legitimate sellers while clamping down on possible misuse. Also, Railways consultancy firm RITES will open its initial public offering for subscription on June 20, with a price band of Rs 180-185 per share. Also, the initial public offering of Fine Organic Industries is set to open for subscription on June 20, with a price band of Rs 780-783 per share.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,720, down by 6.50 point.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
