INDIAN BENCHMARKS Bearish opening on the cards
The key Indian equity benchmarks are likely to witness a gap down opening on Monday tracking a slump in stocks across Asia as traders were wary of risky assets ahead of the US Federal Reserve and the Bank of Japan’s monetary policy meetings this week . SGX Nifty is trading 10.00 points lower.
Indian shares edged lower on Friday, a day after hitting their highest levels this year, as investors booked profits in recent outperformers but indexes were still headed for weekly gains on the back of strong flows. The S&P BSE Sensex and CNX Nifty fell 0.16% each.
Asian shares dropped on Monday while the dollar slipped as investors took profits from the currency's recent gains ahead of central bank meetings in the United States and Japan this week.
Wall Street was mixed on Friday as disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks and weighed against a surge in oil prices that lifted energy shares.
European shares fell on Friday as automaker Daimler reported disappointing results and said it would investigate its U.S. emissions certification process.
Major Headlines of the day:
Airtel to consider share buyback on April 27.
M&M Financial Services March quarter profit up 12% at Rs 411 cr.
JetLite to be merged with Jet Airways.
Tata Motors to raise Rs 300 crore via NCDs.
Trend in FII flows: The FIIs were net sellers of Rs -191.07 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 168.64 Cr, as per the provisional figures
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