November 28, 2018 / 08:51 IST
The Nifty50 is likely to open higher on Wednesday tracking positive trend seen in other Asian markets. The index closed 57 points higher at 10,685 on Tuesday.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 29.5 points or 0.28 percent. Nifty futures were trading around 10,720-level on the Singaporean Exchange.
The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war, said a Reuters report.
Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-US trade dispute, it said.
Story continues below Advertisement
IT firm Mphasis said its buyback offer for a consideration of up to Rs 988.27 crore is slated to open on December 7. The buyback offer will close on December 20, it said in a BSE filing.
Lupin's Chief Financial Officer Ramesh Swaminathan has announced his resignation on November 27. Swaminathan was with Lupin for close to 12 years and was instrumental in helping the company grow sales to Rs 15,560 crore in FY18 from Rs 2,773 crore in FY08.
Yes Bank promoters have laid down nine conditions for a mutual settlement of the family dispute ahead of the December 13 board meeting to discuss the appointment of Rana Kapoor’s successor. Moody's downgrades Yes Bank's ratings, changes the outlook to negative citing governance issues
Technical Recommendations:
We spoke to SMC Global Securities and here’s what they have to recommend:
PVR Limited: Buy| Target: Rs 1550| Stop Loss: Rs 1350| Return 8%
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are his own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
