Sensex, Nifty likely to open flat; IndusInd Bank, BHEL, Glenmark Pharma in focus
Episode 281, Jun 24, 2019, 02:15 AM
Indian benchmark indices are likely to open little changed on Monday following muted trades in global markets and a spike in oil prices.
Asian shares traded cautiously as investors await US-China trade negotiations ahead of G20 meeting this weekend. Oil prices rose on worries over heightened tensions between the US and Iran.
Indian benchmark indices on Friday ended over 1 percent lower on weak global cues. The Sensex ended 407 points lower at 39,194, while the broader Nifty50 index lost 108 points to end at 11,724.
At 7.00 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded at 1.50 points, or 0.01 percent, higher at 11,755.50, indicating a flat start to the Sensex and the Nifty 50.
Stocks to watch: IndusInd Bank, BHEL, Glenmark Pharma in focus.