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Sensex, Nifty to open higher

Yatheendradas C.k. at 09:04 AM - Jun 19, 2019 ( ) Views: 80

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Share market LIVE: Sensex, Nifty to open higher tracking positive global cues, Canara Bank, SpiceJet in focus today
By: FE Online | Updated:Jun 19, 2019 9:01:12 am
The Indian headline indices-Sensex and Nifty are likely to open higher tracking positive global cues. Canara Bank and SpiceJet shares will be in focus today.

The Indian headline indices-Sensex and Nifty are likely to open higher tracking positive global cues. After the US President said he would meet China’s President during G-20 meet, the global financial markets rallied on hopes that the two countries would iron out their differences and the fresh round of trade tariffs could be staved off. The investors are also hopeful of a dovish stance from the US Federal Reserve in its monetary policy to be announced today and a rate cut by European Central Bank. The SGX Nifty today ended at a level of 11,756, up 44 points from the last settlement. Yesterday, both the Sensex and Nifty ended in green snapping a four-day losing streak. While the Sensex ended 85 points higher at 39,046, the Nifty50 gained 19 points to finally end at 11,691 level.

Shares of Canara Bank and SpiceJet will be in focus today. Canara Bank said its board has approved selling full or part stake in its housing finance arm Can Fin Homes or CFHL. SpiceJet’s market share has increased from 13.1 per cent to 14.8 per cent in May.


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