Sensex, Nifty likely to open mildly lower; Infosys, Jet Airways in focus
Share market LIVE updates: The domestic stock markets--Sensex and Nifty--are likely to open mildly lower on Friday morning tracking weak global cues. The SGX Nifty was trading 10,982.50 or 11.50 points lower, indicating that Sensex and Nifty may open mildly lower.
The domestic stock markets–Sensex and Nifty–are likely to open mildly lower on Friday morning tracking weak global cues. The SGX Nifty was trading 10,982.50 or 11.50 points lower, indicating that Sensex and Nifty may open mildly lower. Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook. The S&P 500 was heading for its worst quarter since the dark days of late 2008, with a loss of 15 percent so far. The Nasdaq has shed 19.5 percent from its August peak, just shy of confirming a bear market, Reuters reported.
Back home, shares of Infosys will be in focus after the firm appointed Nilanjan Roy as its CFO effective from March 1, 2019. Private sector airline Jet Airways shares will also assume focus, after the firm’s board, yesterday discussed fundraising plan without taking any investor on board. Interestingly, in the case of India’s largest bank ICICI Bank, the global firm has raised the target share price to Rs 450, with a buy call. ICICI Bank shares too are likely to be in limelight today. We bring to you live updates.
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