Tuesday, April 16, 2024
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HomeBusinessMARKET LIVE: Flat start likely for Sensex, Nifty; Asian stocks weaken

MARKET LIVE: Flat start likely for Sensex, Nifty; Asian stocks weaken


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live updates: The Sensex and Nifty indices are likely to open on a flattish note Wednesday amid quiet global market trends. 

At 7:30 am, the SGX Nifty futures were nearly flat at 18,743 levels.

The domestic Q2 GDP data and IIP numbers set for release today are crucial triggers for the markets, which wll be closely watched.

Primary market

Dharmaj Crop Guard IPO was subscribed more than 5 times on Tuesday, a day before its close. 

Uniparts India’s Rs 835 crore IPO will open for subscription today. The price band is fixed at Rs 548-577.

In the secondary market, IDFC will be in focus after SEBI gave it the nod to hand over Mutual Fund to a consortium led by Bandhan Financial Holdings.

will also be eyed as the Alibaba Group is said to sell 3 per cent stake worth $200 million in the company through a block deal today.

Global cues

In the US, the Nasdaq lost 0.59 per cent overnight, while the S&P 500 shed 0.16 per cent. The Dow closed 0.01 per cent higher.

In Asia this morning, stocks were broadly mixed. Hang Seng rose 0.6 per cent, Strait times was flat, while Nikkei and Topix declined 0.7 per cent each. 


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