MarketBuzz

Indian shares are likely to extend Wednesday’s gains, tracking higher Asian stocks, amid apparent progress in the political crises in Britain and Hong Kong. Gains in banking and steelmaker shares helped markets recover from earlier losses on Wednesday with the Sensex settling 162 points up and the Nifty ending higher by 47 points. At 7.26 AM, the SGX Nifty Futures traded 0.29 percent higher at 10,889, indicating a positive start for the Indian market. 

India's Sensex is likely to recoup losses on Wednesday on the back of short-covering after the benchmark index posted its biggest one-day fall in 2019 in the previous session.

On Tuesday, BSE Sensex dropped to 36,562 plunging 769 points, while Nifty also ended at 10,797, falling 2.2 percent.

At 7:00 AM, the SGX Nifty Futures traded higher by 0.30 percent, or 32.50 points, at 10,852, indicating a slightly positive start for the Sensex and the Nifty.

Stocks To Watch: NIIT, Praj Industries, Andhra Bank, SBI in focus

Indian shares are likely to open little changed on Tuesday, tracking muted Asian peers, as concerns over the sluggish economic growth coupled with US-China trade frictions are likely to limit gains. 

On Friday, the 30-share Sensex ended 263.86 points, or 0.71 percent, higher at 37,332.79. Similarly, the broader NSE Nifty rose 74.95 points, or 0.68 percent, to close at 11,023.25. 

At 7:10 AM, the SGX Nifty futures traded lower by 0.07 percent, or 8 points, at 10,933.50, indicating a weak start for the Sensex and Nifty. 

Stocks To Watch: M&M, PNB, Coal India, IndiGo in focus

Indian shares are set for a flat start on Friday amid expectations of the first quarter GDP data due to be released today. A poll conducted by Reuters showed that the Indian economy likely expanded at its slowest pace in more than five years in the April-June quarter, driven by weak investment growth and sluggish demand. 

In global markets, Asian shares rose as China struck a hopeful tone on trade with the United States but continued fears about a global growth slowdown, or even a recession, capped sharp rallies. 

On Thursday, Indian benchmark indices fell for a second day, led by losses in financial stocks. The Sensex settled 383 points lower, or 1.02 percent, to close Thursday's trade at 37,068. The Nifty50 also slipped 98 points, or 0.89 percent, to settle at 10,948. 

At 7.12 AM, the SGX Nifty futures traded 4.50 points, or 0.04 percent, lower 11,012.50, pointing to a muted start for the Sensex and the Nifty50.

Stocks to watch: CG Power, HDFC Bank, ICRA in focus.

Indian shares are likely to open lower on Thursday, tracking weak Asian stocks, as intensifying US-China frictions are likely to weigh on investor sentiment.

However, losses are likely to be limited, with the government announcing a big relief on the FDI norms, by allowing 100 percent foreign investment in contract manufacturing and coal mining, and also easing sourcing norms for single-brand retailers.

On Wednesday, Indian shares snapped a three-day rising streak tracking heavy losses in metals, energy, banking and auto counters amid concerns over a looming global recession.

The Sensex settled 189 points lower, or 0.50 percent, to close the trade at 37,452. The Nifty50 also slipped 59 points, or 0.53 percent, to settle at 11,046.

At 7.40 AM, the SGX Nifty futures traded 33 points, or 0.30 percent, lower 11,015, pointing to a negative start for the Sensex and the Nifty50.

Stocks to watch: IndiGo, Laksmi Vilas Bank, Sugar Stocks in focus.

Indian shares are set for a mixed start ahead of the expiry of future and derivative contracts and amid muted trades in global markets.

Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight US selloff, though deeper worries about the global economy are likely to keep a lid on sentiment.

On Tuesday, Indian benchmark indices the Sensex and the Nifty50 ended higher for the third straight session led by auto and banking stocks, as ebbing global trade war worries and expectations of further stimulus supported by a huge dividend from the central bank boosted investor sentiment.

The 30-share benchmark Sensex settled 147 points higher, or 0.39 percent up, at 37,641. The broader 50-share NSE index also ended higher at 11,115, up 57 points, or 0.52 percent.

At 7.20 AM, the Nifty Futures traded 0.13 percent higher at 11,124.50, indicating a mixed start for the Sensex and the Nifty.

Stocks to watch: IndiGo, DHFL, Oberoi Realty in focus.

Indian shares are set to open higher on Tuesday on the twin effect of RBI approving transfer of Rs 1.76 lakh crore surplus to the government, and finance minister Nirmala Sitharaman announcing a slew of measures to revive the economy. 

In global markets, Asian stocks traded higher on Tuesday while safe-haven bonds sold off as signs China-US trade hostilities might be easing helped restore investor confidence after the previous session's rout.

On Monday, the Indian market settled with sharp gains, with benchmark equity indices the Sensex and the Nifty50 posting the biggest single-day gain in three months, boosted by the government's attempts to revive the economy.

The 30-share benchmark Sensex settled 793 points higher, or 2.16 percent up, at 37,494. The broader 50-share NSE index also ended higher at 11,058, up 228.50 points, or 2.11 percent.

At 7:18 AM, the SGX Nifty futures traded 27.50 points, or 0.25 percent, higher at 11,080, indicating a positive start for the Sensex and the Nifty.

Stocks to watch: Infosys, Bank of Baroda, Future Lifestyles in focus.

Indian shares are set for a strong start on Monday following the key announcements made by the finance minister Nirmala Sitharaman to revive the economy and encourage investment, including a rollback of the FPI tax surcharge and capital infusion in PSU banks. However, a broader selloff in global markets likely to cap gains.

In global markets, Asian shares were in the red after US President Donald Trump announced an additional duty on Chinese goods.

On Friday, Indian benchmark indices Sensex ended 228 points higher at 36,701, while the broader Nifty50 index added 88 points to end the day at 10,829.

At 7:45 AM, the SGX Nifty futures traded 61 points, or 0.56 percent, higher at 10,890.50, indicating a positive start for the Sensex and the Nifty.

Stocks to watch: InterGlobe Aviation, Alkem Laboratories, Adani Ports in focus.

Indian benchmark indices the BSE Sensex and NSE’s Nifty 50 are set for a mixed start on Friday amid continued selling pressure over slowing economic growth and cautious trades in global markets. 

 

Asian shares traded flat as investors await future rate cut guidance in a speech by the US Federal Reserve chairman Jerome Powell. 

 

Indian shares plunged over 1.5 percent in the previous session in absence of any relief measures from the government. The Indian rupee also plunged to an over eight-month low. The currency closed 26 paise lower at 71.81 against the US dollar.

 

At 7.55 AM, the SGX Nifty futures traded 6 points, or 0.06 percent, lower at 10,713, indicating a flat start for the Sensex and the Nifty 50.

 

Stocks to watch: Future Retail, RCom, Dabur India in focus.

Indian shares are likely to open lower on Wednesday following losses in global markets and in absence of any government actions on the economy.

Asian shares declined over trade war concerns US President Donald Trump showing no signs of backing down in his trade war with China. Indian shares snapped a three-day winning streak and ended marginally lower in the previous session.

Indian benchmark indices BSE Sensex and NSE Nifty50 ended marginally lower in the previous session as cautious investors awaited more details on reports of a corporate tax rate cut by the government before making fresh bets. The 30-share benchmark Sensex settled 74 points down, or 0.2 percent, at 37,328. The broader 50-share NSE index ended mildly lower at 11,017, down 37 points, or 0.33 percent.

At 7:38 AM, the SGX Nifty futures traded 20.50 points, or 0.19 percent, lower at 11,008.00, indicating a negative start for the Sensex and the Nifty.

Stocks to watch: Dr. Reddy’s Labs, Alembic Pharma, IndiGo, SpiceJet in focus.