Market may open on a flat note

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

Overseas, Asian stocks were trading on a mixed note, with limited fallout from a tumultuous G-7 meeting. Australia's markets are shut for a holiday. US equities held on to a Friday, 8 June 2018 afternoon rally as the risk-off sentiment that gripped investors late in the week subsided.

Back home,the market ended the volatile session almost flat on Friday, 8 June 2018 as losses in banks shares negated gains in IT and pharma shares. The barometer index, the S&P BSE Sensex, fell 19.41 points or 0.05% to settle at 35,443.67. The Nifty 50 index fell 0.70 points or 0.01% to settle at 10,767.65.

 

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 222.50 crore on Friday, 8 June 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 459.44 crore on Friday, 8 June 2018, as per provisional data.

Among corporate news,IndusInd Bank will be watched. The Reserve Bank of India (RBI) has allowed IndusInd Bank to incorporate a wholly-owned subsidiary for the amalgamation of micro-lender Bharat Financial Inclusion (BFIL) with the bank. The announcement was made after market hours on Friday, 8 June 2018.

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