Pre Session Commentary

Stocks may open on a flat note
(27-Jun-2018, 08:23 Hours IST)  

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 3 points at the opening bell.

Overseas, most Asian stocks fell as concerns linger over the impact of potential global trade restrictions. US stocks rose yesterday, 26 June 2018 as a rally in American crude overshadowed lingering concerns about the impact of heightened trade tensions.

Back home, key benchmark indices settled almost flat yesterday, 26 June 2018 after witnessing high intraday volatility. The barometer index, the S&P BSE Sensex, rose 19.69 points or 0.06% to settle at 35,490.04. The Nifty 50 index rose 6.70 points or 0.06% to settle at 10,769.15.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 538.40 crore yesterday, 26 June 2018 as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 238.05 crore yesterday, 26 June 2018, as per provisional data.

Among corporate news, Infosys will be watched. Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys, and Santander UK, a leading financial services provider in the UK, announced the launch of a new inter-bank cash management system for its corporate customers. To enhance the user experience, Santander will introduce an inter-bank cash management portal to provide its corporate customers a fully-integrated solution with resilient, secure cash management services accessible through any device of their choice.

This will enable greater personalization options and the ability to rapidly introduce new product innovations for customers. Santander will utilize Finacle's proven digital offering which includes Finacle Online Banking, Omnichannel Hub, Payment Solution and Liquidity Management Solution to help achieve this, and to better support its customers. The announcement was made after market hours yesterday, 26 June 2018.

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