MarketBuzz

Indian benchmark indices are set for a mixed start on Tuesday as markets await a relief package from the government to revive growth. Meanwhile, gains in Asian markets and the government’s plan to revise tax rates for the individual taxpayers and corporates may lend support.

Asian shares advanced as hopes for stimulus in major economies tempered anxiety about a global recession.

In the previous session, the BSE Sensex and NSE's Nifty50 ended mildly higher led by pharma and IT indices leading the gains. However, losses in banking and auto stocks capped the gains.

The Sensex ended 52 points higher at 37,402, while the broader Nifty50 index added 6 points to end the day at 11,054.

At 7:20 AM, the SGX Nifty futures traded 25 points, or 0.23 percent, lower at 11,031.50, pointing to a negative start for the Sensex the Nifty.

Stocks to watch: MRPL, CG Power, DHFL, Vodafone Idea in focus.

Indian shares are likely to open marginally higher on Monday, tracking gains in Asia, amid hopes of new stimulus from the government to revive growth. The gains are likely to be limited due to the continued selling by overseas investors in Indian equities. Foreign investors pulled out Rs 8,319 crore on a net basis from Indian capital markets in the first half of August. In Asia, shares advanced following steps announced by major economies such as China and Germany to support the economy. At 7:00 AM, the SGX Nifty futures traded 19.50 points, or 0.18 percent, higher at 11,073.50, indicating a positive start for the Sensex and the Nifty 50.

Indian shares are expected to open on a positive note on Friday the government may announce measures to shore up stalling growth after PM Narendra Modi in outlined a roadmap to make India a $5 trillion economy.

Modi has also reportedly reviewed the state of the economy and likely steps with union finance minister Nirmala Sitharaman and senior bureaucrats. Asian shares declined after conflicting statements from China and the US added to trade war worries. 

Indian benchmark indices ended higher on Wednesday, followed by Asian peers, after Washington delayed tariffs on some Chinese imports, bringing some relief to global markets rattled by a bruising trade conflict. The Sensex ended 353 points higher at 37,311 while the broader Nifty50 index surged 103 points to end the day at 11,029. Markets were closed on Thursday on the occasion of Independence Day. 

At 7.15 AM, the SGX Nifty futures traded 43 points, or 0.39 percent, higher at 10,940, indicating a strong start for the Sensex and the Nifty.

Stocks to watch: Yes Bank, Indiabulls Housing Finance, Tata Motors. 

Indian shares are likely to open higher on Wednesday supported by a rally in global stock markets and after retail inflation data boosted chances of a rate cut.

Asian shares advanced after the US delayed tariffs on some Chinese imports. Indian’s CPI inflation eased marginally to 3.15 percent in July, but remained below the RBI’s target of 4 percent, strengthening chances of a rate cut.

Indian benchmark indices ended lower on Tuesday, dragged by banking and automotive stocks, as investors remained cautious in the absence of an announcement about a government fiscal stimulus package to curb slowdown and rollback of FPI surcharge, ahead of key inflation data. The Sensex ended 624 points down at 36,958 while the broader Nifty50 index lost 184 points to end the day at 10,926.

At 7.50 AM, the SGX Nifty futures traded 19.50 points, or 0.18 percent, higher at 10,940, indicating a positive start for the Sensex and the Nifty.

Stocks to watch: Future Retail, Glenmark Pharma, Coal India, Infosys in focus.

Indian shares are likely to open on a positive note on Tuesday over hopes that the government, after Nirmala Sitharaman’s meetings with industry leaders, may announce several measures to ease the liquidity crunch and stimulate growth. 

 

However, selloffs in stocks markets in Asia and the US may cap gains. Global equity markets fell amid escalating US-China trade tensions and a crash in Argentina’s peso. 

 

On Friday, Indian benchmark indices snapped four-week losing streak to end over 0.5 percent higher for the week amid hopes that the government may roll back the recently imposed surcharge on foreign policy investors (FPIs).

 

The Sensex settled 254.55 points higher, or 0.68 percent, to close Friday's trade at 37,582. The Nifty50 also gained 77 points, or 0.70 percent, to settle at 11,109.65.

 

At 7.10 AM, the SGX Nifty futures traded 26 points, or 0.23 percent, higher at 11,116, indicating a positive start for the Sensex and the Nifty 50.

 

Stocks to watch: Reliance Industries, DHFL, Jet Airways, Tata Motors in focus. 

Indian shares are likely to open higher on Friday following gains in Asian and after reports that the government may announce several market-friendly measures, including withdrawal of a hike in income tax surcharge on FPIs.

Asian shares advanced supported by gains in US stocks and better-than-expected macro-economic data from China.

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 rose over 1.5 percent in the previous session. The Sensex settled 637 points higher, or 1.74 percent, to close Thursday's trade at 37,327. The Nifty50 also gained 177 points, or 1.63 percent, to settle at 11,032.

At 7.20 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, futures traded 0.11 percent up at 11,083, indicating a positive start for the Sensex and the Nifty 50.

Stocks to watch: Yes Bank, IndiGo, Infibeam, Jamna Auto in focus.

Indian shares are likely to open flat on Thursday amid volatile trades in global markets and rising tensions between India and Pakistan. Asian shares traded mixed as easings by central banks stoked fears of global recession. BSE Sensex and NSE’s Nifty 50 fell in the previous session after the Reserve Bank of India cut the repo rate by 35 bps and lowered the GDP growth forecast. At 7:33 AM, the SGX Nifty futures traded 4 points, or 0.04 percent, higher at 10,869, indicating a flat start for the Sensex and the Nifty 50.

Indian shares are likely to open lower on Wednesday ahead of the Reserve Bank of India’s monetary policy decision later in the day.

According to a CNBC-TV18 poll, the central bank is likely to bring down the key repo rate by 25 basis points. Moreover, June quarter earnings and continued selling by FIIs may also weigh on Indian shares.

Asian shares traded marginally higher after China took steps to stabilise yuan.

BSE Sensex and NSE’s Nifty 50 closed nearly 0.8 percent higher in the previous session led by value buying in financial and auto stocks. The Sensex settled 277 points higher, or 0.75 percent, to close Tuesday's trade at 36,977. The Nifty50 also gained 86 points, or 0.79 percent, to settle at 10,948.

At 7.26 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, futures traded 55 points, or 0.55 percent, lower at 10,907, indicating a negative start for the Sensex and the Nifty 50.

Stocks to watch: RIL, Fortis, DHFL, Tata Steel, DMart in focus.

Indian shares are likely to open lower on Tuesday following losses in global markets over escalating US-China trade war. Moreover, the tension in Jammu and Kashmir over scrapping of Article 70 and continued foreign capital outflow may also weigh on the markets. Asian stocks declined after the US designated China a currency manipulator. BSE Sensex and NSE’s Nifty50 ended over 1 percent lower in the previous session over selloffs in global equities. At 7.05 AM, the SGX Nifty futures traded 81.50 points, or 0.75 percent, lower at 10,788, indicating a negative start for the Sensex and the Nifty 50.

Benchmark indices BSE Sensex and NSE’s Nifty50 are likely to open lower on Monday amid continued selling by foreign investors and losses in global markets. At 7.20 AM, the SGX Nifty futures traded 77 points, or 0.70 percent, lower at 10,938, indicating a negative start of the Sensex and the Nifty.Here's Anisha Jain with her MarketBuzz Podcast: