Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 2 points at the opening bell.
Overseas, Asian stocks were trading higher as investors continue to debate the outlook for central bank policy normalization and the impact of higher bond yields. In US, the Dow and the S&P 500 closed higher while the Nasdaq slipped yesterday, 22 February 2018 as investors grappled with the threat from higher interest rates.
On the data front, initial US jobless claims fell by 7,000 to 222,000 in the seven days ended 17 February 2018, marking the second lowest level since the end of the 2007-2009 recession.
Back home,key benchmark indices settled with small losses in a volatile session of trade yesterday, 22 February 2018 as weakness in global stocks weighed on sentiment. The Sensex fell 25.36 points or 0.07% to settle at 33,819.50, its lowest closing level since 20 February 2018.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 2335.34 crore yesterday, 22 February 2018 as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1059.42 crore yesterday, 22 February 2018, as per provisional data.
Among corporate news,Yes Bank has announced the approval of final terms and allotment of 30,000 rated, listed, non-convertible, redeemable, unsecured, Basel III compliant Tier 2 bonds, in the nature of debentures, aggregating to Rs 3000 crore. The announcement was made after market hours yesterday, 22 February 2018.
Adani Transmission said it has received the letter of intent (LoI) from PFC Consulting, a wholly owned subsidiary of Power Finance Corporation, to construct, own, operate and maintain the transmission project in Rajasthan. The announcement was made after market hours yesterday, 22 February 2018.
Powered by Capital Market - Live News