What not to miss today

Here are the important news to watch out for today.

Mar 20, 2019 07:03 IST India Infoline News Service

-SGX Nifty is at 11570, down 6 points. For today, we expect intraday volatile movements as global cues could hurt sentiments marginally. We expect midcaps to continue to see robust inflows as local funds turn big buyers.

-Nifty finds support around 11450, while 11600 will act as resistance. Bank Nifty finds support around 29500, while 29850 will act as resistance on the upside.

-In yesterday’s trading session, FIIs bought 2132cr worth of stock in cash, whereas DIIs sold 1254cr worth of stock. In the derivative market, FIIs bought 288cr of Index futures and bought 554cr worth of Index options. In the Stock futures segment, FIIs sold 601cr worth of stock futures and bought 34cr stock options.

-Rupee drops 43 paise at 68.96/$.This is on the back of profit booking at higher level and increasing crude oil prices.

-Asian markets opened weak after overnight US markets hit a roadblock with the Dow Jones retreating from 26000 & above. Asian indices have seen robust flows & have been best performing equity indices with China leading from the front. Expect consolidation as profit booking will emerge until more clarity emerges over trade talks.

-US stocks give up gains of over 200 points hit in intraday trade as Dow Jones succumbs to profit taking. Talks of slowdown and rift in trade talks between the US and China hurt sentiments, which sees stocks fall along with bond yields. Federal Reserve begins to meet today on rates with consensus indicating no change in rates. 

-SBI starts looking for other potential buyers for Jet Airways.

-GST Council approves transition plan for new tax rates for real estate sector. Read more. 

-RBI seeks modification of NCLAT order on NPA status of IL&FS. Read more.

-IDBI Bank to borrow up to Rs4,000cr via bonds next fiscal year.

-Aarti Drugs’ board approves buyback of 2.82 lakh shares.

-HSBC cut TP to Rs3,500 on Hero MotoCorp.

-On March 18, Info Edge promoter, director Sanjeev Bikhchandani sold 25,000 shares.

-From March 15-19, Bajaj Auto promoter Bajaj Holdings and Investment acquired 2.3 lakh shares.

-On March 18, Talwalkers Better Value Fitness promoter Better Value Leasing and Finance acquired 2.15 lakh shares.

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