Pre Session: Markets may open flat amid mixed Asian cues
21/06/2018
The Indian benchmark indices are set to open flat on Thursday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note as investors sought bargains, from the US-China trade war, while Wall Street closed mixed in the previous trading session as US trade concerns lingered.
On the economy front, the markets may react to a report that India's merchandise exports in May rose 20.2 percent year-on-year, but the trade deficit widened to USD 14.62 billion, driven mainly by a 50 percent surge in its oil import bill, on higher global prices. Also, SEBI is likely to discuss proposed overhaul of governance norms for market infrastructure institutions as well as amendments to buyback and takeover norms
On the IPO front, the primary market is expected to remain robust in 2018 with Dalal Street looking at over Rs 35,000 crore of IPOs. Also, the initial public offer of Fine Organic Industries has been subscribed 12 percent so far on the first day of bidding on Wednesday. Also, the initial public offer of RITES has been subscribed 0.60 times so far on the first day of bidding on Wednesday.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,797.50, up by 5 point.
21/06/2018
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The Indian benchmark indices are set to open flat on Thursday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note as investors sought bargains, from the US-China trade war, while Wall Street closed mixed in the previous trading session as US trade concerns lingered.
On the economy front, the markets may react to a report that India's merchandise exports in May rose 20.2 percent year-on-year, but the trade deficit widened to USD 14.62 billion, driven mainly by a 50 percent surge in its oil import bill, on higher global prices. Also, SEBI is likely to discuss proposed overhaul of governance norms for market infrastructure institutions as well as amendments to buyback and takeover norms
On the IPO front, the primary market is expected to remain robust in 2018 with Dalal Street looking at over Rs 35,000 crore of IPOs. Also, the initial public offer of Fine Organic Industries has been subscribed 12 percent so far on the first day of bidding on Wednesday. Also, the initial public offer of RITES has been subscribed 0.60 times so far on the first day of bidding on Wednesday.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,797.50, up by 5 point.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
