Nifty to Open in Green on Global Cues; SAT Approves PNB Housing Finance’s EGM

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Nifty to Open in Green on Global Cues; SAT Approves PNB Housing Finance’s EGM

By Aditya Raghunath

Investing.com -- It looks likely that Nifty 50 and the BSE Sensex 30 will open in the green following global cues. US stock indices had their strongest trading session in three months and the sentiment should spill over to Indian markets, particularly after the solid comeback from the red yesterday. Nifty 50 Futures in Singapore are trading up 0.71% indicating a green opening for markets.

Securities Appellate Tribunal has given a go-ahead to PNB (NS: PNBK ) Housing Finance Ltd (NS: PNBH )’s EGM but has instructed it to not reveal the results of the meeting. This should come as good news to PNB Housing Finance shareholders who saw their shares get locked in a lower circuit yesterday.

Public sector banks will continue to see action today. A news report said that Central Bank of India Ltd (NS: CBI ) and Indian Overseas Bank (NS: IOBK ) have been shortlisted for divestment by the government. Both stocks hit a 20% upper circuit yesterday. Indian Bank (NS: INBA ) has launched its Rs 4,000 crore QIP (qualified institutional placement) yesterday.

Asian markets are all trading up with Nikkei 225 , KOSPI 50 and the Shanghai Composite up 2.9%, 0.68% and 0.63% respectively.

US futures are also up with Dow Jones 30 Futures , S&P 500 Futures and Nasdaq 100 Futures up 0.16%, 0.13% and 0.05% respectively at the time of this report.

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  • james carter @james carter
    at what levels will banknifty end june series ?
    Like 0
  • Abraham Davis @Abraham Davis
    it's gonna be bullish trend today. keep your eye on CE
    Like 0
  • mansingh nigade @mansingh nigade
    Markwt will go up then wveryone will think to go long then weetly will comw down
    Like 0
    • mansingh nigade @mansingh nigade
      This is what they did lol
      Like 0

      • Comment Guidelines

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  • Ajay Ganguli @Ajay Ganguli
    if possible sport also provide
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