Pre Session: Markets may open higher amid strong Asian cues
18/07/2018
The Indian benchmark indices are set to open higher on Wednesday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note as a bullish outlook from the head of the US central bank buoyed the dollar, while Wall Street closed higher in the previous trading session after Federal Reserve Chairman Jerome Powell expressed an optimistic US economic view and solid earnings bolstered the outlook for a robust reporting period.
On the economy front, the markets may react to a report that the government has announced an infusion of Rs 11,336 crore in five public sector banks as part of its Indradhanush scheme.
On the corporate front, UltraTech Cement will be in focus as it will unveil its June quarter (Q1FY19) earnings today. Also, around 17 companies will report their results for June quarter which include names like Bandhan Bank, HT Media, Mastek, MindTree, NIIT Technologies, Reliance Communications, and UltraTech Cement.
On the IPO front, according to a report, Corporate India raised USD 3.8 billion through 19 IPOs in the first half of this year, largely driven by stable equity markets. Also, the fifth initial public offering of FY19 - TCNS Clothing is set to open for subscription on Wednesday, July 18, 2018, with a price band of Rs 714-716 per share.
Positive trends in the SGX Nifty Index Futures for July delivery, which were trading at 11,059, up by 34 point.
18/07/2018
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The Indian benchmark indices are set to open higher on Wednesday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note as a bullish outlook from the head of the US central bank buoyed the dollar, while Wall Street closed higher in the previous trading session after Federal Reserve Chairman Jerome Powell expressed an optimistic US economic view and solid earnings bolstered the outlook for a robust reporting period.
On the economy front, the markets may react to a report that the government has announced an infusion of Rs 11,336 crore in five public sector banks as part of its Indradhanush scheme.
On the corporate front, UltraTech Cement will be in focus as it will unveil its June quarter (Q1FY19) earnings today. Also, around 17 companies will report their results for June quarter which include names like Bandhan Bank, HT Media, Mastek, MindTree, NIIT Technologies, Reliance Communications, and UltraTech Cement.
On the IPO front, according to a report, Corporate India raised USD 3.8 billion through 19 IPOs in the first half of this year, largely driven by stable equity markets. Also, the fifth initial public offering of FY19 - TCNS Clothing is set to open for subscription on Wednesday, July 18, 2018, with a price band of Rs 714-716 per share.
Positive trends in the SGX Nifty Index Futures for July delivery, which were trading at 11,059, up by 34 point.
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