What not to miss today

Here are the important news to watch out for today.

Feb 18, 2019 07:02 IST India Infoline News Service

-SGX Nifty indicates a positive opening for the Indian markets flowing the sharp surge in global equities.

-In Friday’s trading session FIIs sold 966cr stock in cash, whereas DIIs bought 853cr worth of stock. In the derivative market, FIIs sold 1054cr of Index futures and sold 618cr worth of Index options. In the Stock futures segment, FIIs bought 131cr worth of stock futures and bought 427cr stock options. 

-Nifty finds support around 10620, while 10830 will act as resistance. Bank Nifty finds support around 26635, while 27150 will act as resistance on the upside.

-US stocks rose sharply on Friday with Dow Jones climbing over 450 points as equities continued to be the most preferred asset class in early 2019.

-Asian indices opened with a bullish momentum as the Japanese Nikkei traded well over 350 points in early trade. The smart New Year rally witnessed in the US is seeing positive repercussions globally with the most Asian indices joining the rally. Better than expected Corporate earnings & low valuations continue to see more emphasis on Asia ex-Japan as investors pour money into equities.

-Dr Reddy’s receives inspection closure report from USFDA for Duvada facility. Read more.

-RBI warns Yes Bank on violating rules by revealing nil divergence report. Read more.

-Anil Ambani led Reliance group may have reached in principle understanding with lenders.

-Tech Mahindra board to meet on Feb 21 to consider share buyback. Read more 

-SAIL began a new process for sale of 100% stake in Durgapur Alloy Steel Plant. 

-SEBI granted certain exemptions to Wipro from buyback norms in case of share repurchase programme.

-Credit Suisse cut TP to Rs8,330 on GlaxoSmithKline Consumer.

-Macquarie cut TP to Rs1,280 on RIL.

-BofA ML hiked TP to Rs455 on Zee.

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