Pre Session: Markets may open lower amid muted Asian cues
09/04/2018
The Indian benchmark indices are set to open lower on Monday amid muted cues from other Asian peers.
The Asian markets have opened on a negative note as US President Donald Trump kept up his twitter war with China over trade, while Wall Street closed lower in the previous trading session as US President Donald Trump's latest tariff threat on Chinese imports fuelled increasing concern over a US trade war with China.
On the economy front, the markets may react to a report that the Reserve Bank upped debt investment limits for foreign portfolio investors (FPIs) across all segments, which will cumulatively result in an increase of over Rs 1 trillion in fiscal year 2018-19. Also, foreign investors have put in over Rs 3,700 crore in the Indian debt markets in the last five trading sessions as interest rates are not increasing in the US.
Also, hospitality chain Lemon Tree Hotels is set to debut on bourses today after successful subscription. The company in consultation with merchant bankers has fixed final issue price at Rs 56 per share.
Muted trends in the SGX Nifty Index Futures for April delivery, which were trading at 10,308, down by 34 points.
09/04/2018
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The Indian benchmark indices are set to open lower on Monday amid muted cues from other Asian peers.
The Asian markets have opened on a negative note as US President Donald Trump kept up his twitter war with China over trade, while Wall Street closed lower in the previous trading session as US President Donald Trump's latest tariff threat on Chinese imports fuelled increasing concern over a US trade war with China.
On the economy front, the markets may react to a report that the Reserve Bank upped debt investment limits for foreign portfolio investors (FPIs) across all segments, which will cumulatively result in an increase of over Rs 1 trillion in fiscal year 2018-19. Also, foreign investors have put in over Rs 3,700 crore in the Indian debt markets in the last five trading sessions as interest rates are not increasing in the US.
Also, hospitality chain Lemon Tree Hotels is set to debut on bourses today after successful subscription. The company in consultation with merchant bankers has fixed final issue price at Rs 56 per share.
Muted trends in the SGX Nifty Index Futures for April delivery, which were trading at 10,308, down by 34 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
