Sensex, Nifty likely to open higher; Cox & Kings, Sun Pharma, MindTree in focus
Episode 285, Jun 28, 2019, 02:17 AM
Indian shares are likely to open higher on Friday in line with gains in global markets as world leaders meet at the G20 meeting in Osaka, Japan. Asia shares inched higher on hopes of a meeting between US President Donald Trump and Chinese President Xi Jinping could ease trade tensions.
Oil prices also remained little changed. Indian investors will also await trade talks between Trump and Prime Minister Narendra Modi at the G20 summit.
Indian benchmark indices ended the June F&O expiry flat on Thursday as gains in auto and realty sectors were capped by losses in IT and metal space. The Sensex ended 6 points lower at 39,586, while the broader Nifty50 index lost 6 points to end at 11,841.
At 7.23 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 26 points, or 0.22 percent, higher at 11,918, pointing to a positive start for the Sensex and the Nifty 50.
Stocks to watch: Cox & Kings, Sun Pharma, MindTree in focus.