Nifty Seen Opening On A Flat Note; Asian Paints, Reliance Industries In Focus
NDTV
Foreign institutional investors sold shares worth Rs 2,697.70 crore on Friday while domestic institutional investors bought shares worth Rs 1,030 crore.
The Indian equity benchmarks are set to open on a flat note as indicated by the Nifty Futures traded on the Singapore Exchange. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures rose 0.08 per cent or 15 points to 18,159 amid weak cues from other Asian markets. Asian shares started steady on Monday ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies.
HSBC and Facebook will both publish quarterly results on Monday, in Asian trading and late U.S. hours respectively.
Later in the week will be the turn of other benchmark heavyweights including tech giants Microsoft , Apple and Alphabet, and European and Asian financial behemoths from Deutsche Bank and Lloyds to China Construction Bank and Nomura.
On Monday morning, the regional benchmark was flat with a 0.5 per cent gain in Australia balanced by a 0.6 per cent fall in Korea.
