Pre Session: Markets may open flat amid mixed Asian cues 11/04/2018

Pre Session: Markets may open flat amid mixed Asian cues
11/04/2018
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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The Indian benchmark indices are set to open flat on Wednesday amid mixed cues from other Asian peers.

The Asian markets have opened on a mixed note after China’s President Xi Jinping helped ease fears over a US-China trade row, while Wall Street closed higher in the previous trading session as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs.

On the economy front, a Parliamentary panel met RBI Governor Urjit Patel, top public sector bankers and government officials to discuss about mounting bad loans and ways to resolve the problem.

The Singapore Exchange said it would list Indian equity derivative products in June, nearly two months after India’s three main bourses announced they would stop licensing their indexes to overseas exchanges.

Also, the government is considering converting GST Network (GSTN), which is handling the IT infrastructure of the new indirect tax regime, into a state-owned company.

Muted trends in the SGX Nifty Index Futures for April delivery, which were trading at 10,425, down by 1 point.

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