Key benchmarks may see flat opening

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 2 points at the opening bell.

Overseas, Asian shares were mixed, but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows.

In US, stocks closed mostly lower as weak financials and consumer staples shares eclipsed a rally in the healthcare and biotechnology sectors. Health-care stocks were among the biggest gainers as lawmakers released a discussion draft of the health-care bill that aims to cut Medicaid and eliminate penalties for people who don't buy insurance, among other changes. The Dow Jones Industrial Average slipped 12.74 points to end at 21,397.29. The Nasdaq Composite Index bucked the trend for a second day to edge up 2.73 points to close at 6,236.69.

A report on weekly jobless claims showed that fewer than 250,000 Americans applied for unemployment benefits in mid-June. Initial jobless claims rose by 3,000 to 241,000 in the seven days stretching from 11 June to 17 June 2017, Labor Department said.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 192.68 crore yesterday, 22 June 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 455.21 crore yesterday, 22 June 2017, as per provisional data.

Among corporate news, MindTree said that a meeting of the board of directors of the company will be held on 28 June 2017 to consider the proposal to buyback equity shares of the company. The announcement was made after market hours yesterday, 22 June 2017.

Wockhardt said that the company and its two subsidiaries, Wockhardt UK Holding and CP Pharmaceuticals, have settled an ongoing commercial litigation before the High Court in London, UK in relation to a supply contract for a drug named Trisenox. The announcement was made after market hours yesterday, 22 June 2017.

A divergent trend was witnessed yesterday, 22 June 2017, as the barometer index, the S&P BSE Sensex, settled with marginal gains while the Nifty 50 index registered minor losses. The barometer index, the S&P BSE Sensex, rose 7.10 points or 0.02% to settle at 31,290.74. The Nifty 50 index fell 3.60 points or 0.04% to settle at 9,630.

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