What not to miss today

Here are the important news to watch out for today.

Mar 26, 2019 02:03 IST India Infoline News Service

-SGX Nifty is at 11354, down 1 point. For today, we expect some pull back with foreign investors buying stocks aggressively, while local funds continue to sell.

-Nifty finds support at 11300, while 11440 will act as resistance. Bank Nifty finds support around 29000, while 29500 will act as resistance.

-In yesterday’s trading session, FIIs bought 150cr worth of stock in cash, whereas DIIs sold 13cr worth of stock. In the derivative market, FIIs sold 153cr of Index futures and bought 3617cr worth of Index options. In the Stock futures segment, FIIs sold 785cr worth of stock futures and sold 80cr stock options.

-Asian markets opened with gains as the Japanese Nikkei rose over 350 points in early trade. Most Asian indices should see a mild recovery today after the severe sell-off on Monday both on account of value buying and short covering. Market participants will now await more data from the US as yields price in chances of a rate cut by the Federal Reserve in the next policy meet.

-US stocks consolidate after Friday's big fall as value buying emerges with yields also seeing an uptick. Oil prices rally as demand rises with the extended cold wave in most parts of Europe and the US. The dollar falls as trade deficit hits record after China trade embargo.

-Jet Airways updates resolution plan.

-Prudential Holdings to sell up to 3.71% in ICICI Pru Life to raise Rs1,600cr

-Kalpataru inks pact to buy 85% stake in Swedish firm for $24mn.

-Liquidity to get further boost of Rs35,000cr via rupee-dollar swap: Economic Affairs Secretary.

-DLF Rs3,000cr QIP opens from March 25; sets floor price at Rs193.01/shr.

-Prabhat Dairy gets CCI’s approval for sale of its dairy business.

-Morgan Stanley hikes TP to Rs235 on Edelweiss.

-Over March 20-22, Jindal Stainless promoter group Abhuday Jindal acquired 1 lakh shares.

-On March 22, Eros International promoter Eros Worldwide acquired 1 lakh shares.

-Between March 19-20, V-Mart Retail promoter groups sold 1.5 lakh shares.

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