You are here: Home » News-CM » Equities » Market Report
Business Standard

Flat opening likely

Business Finance

Capital Market 

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5 points at the opening bell.

Overseas, Asian stocks were mixed on Friday as investors continued to monitor the situation surrounding a recent uptick in coronavirus cases in some countries.

Meanwhile, a Chinese health expert said Thursday that a recent virus outbreak in Beijing is under control. The Chinese capital saw a jump in infections after more than 50 days without domestically transmitted Covid-19 cases.

In US, stocks ended mixed on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns.

Back home, domestic shares ended with robust gains on Thursday, led by rally in banks and metal shares. Gains in HDFC twins and index heavyweight Reliance Industries (RIL) boosted indices. The barometer S&P BSE Sensex jumped 700.13 points or 2.09% at 34,208.05. The Nifty 50 index rallied 210.50 points or 2.13% at 10,091.65.

Foreign portfolio investors (FPIs) bought shares worth Rs 366.57 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,131.27 crore in the Indian equity market on 18 June, provisional data showed.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, June 19 2020. 07:57 IST