DSIJ Mindshare

Following an extended weekend, Indian markets would open on Tuesday under pressure on the backdrop of dampened global cues and also some media reports suggesting that President Donald Trump plans to end key trade preference for India. At the time of writing, the SGX Nifty was trading down by 10 points at the level of 10,838. In the economic data, market participants will look forward to the release of Nikkei Services PMI for the month of February which is due today.

Himatsingka Seide today informed the bourses that it has entered into a licensing agreement with the Iconix Brand Group for the Royal Velvet brand. This agreement will provide the exclusive licensing rights to the Royal Velvet brand for the territory of North America.

In the near-term, the zone of 26780-26680 is likely to act as crucial support for index as it is the confluence of 100-day EMA and upward sloping trendline formed by connecting swing lows from January 29, 2019.

Indian Hume Pipe Company has received three Letters of Intent (LoI) for works aggregating to Rs 187.06 crore from Vidarbha Irrigation Development Corporation (VIDC), Nagpur, in Maharashtra.

The Reserve Bank of India (RBI) levied a fine of Rs. 4 crore on Karnataka Bank for failure to comply with regulatory norms regarding the implementation of four of the SWIFT-related operational controls directed by RBI.