MarketBuzz

Indian shares are set to start on a weak note on Friday tracking global markets, which traded lower as US President Donald Trump announced the imposition of 10 percent tariff on $300 billion of Chinese goods from September 1, escalating trade tensions between Washington and Beijing.

On Thursday, Indian benchmark indices began August on a somber note, only to end at a five-month low, dragged by public sector banks and metal stocks. Comments from the US Federal Reserve Chair Jerome Powell on future rate cuts also dampened investor sentiment across global markets.

The Sensex settled 463 points lower, or 1.23 percent, to close Thursday's trade at 37,018.32. The Nifty50 also slipped 138 points, or 1.24 percent, to settle at 10,980.

At 7.30 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded lower by 46.50 points or 0.42 percent at 10,970, indicating a negative start for the Sensex and the Nifty 50.

Stocks to watch: Bharti Airtel, Jet Airways, Jaypee Infratech in focus.

Indian shares are set to start August on a weak note, tracking sluggish Asian stocks, following US Federal Reserve chairman Jerome Powell characterising the rate cut as "a mid-cycle adjustment to policy", citing signs of a global slowdown, simmering US trade tensions and a desire to boost too-low inflation.

On Wednesday, the Fed suggested that policymakers were not embarking on a new cycle of rate-cutting after it trimmed interest rates by 25 basis points.

Indian benchmark indices snapped two days of losses to end higher on Wednesday led by gains in banking, metal, and auto stocks.

The Sensex settled 84 points up, or 0.22 percent, to close Wednesday's trade at 37,481. The Nifty50 also added 32.60 points, or 0.29 percent, to settle at 11,118.

At 7.30 AM, the SGX Nifty futures traded 50 points, or 0.45 percent, lower at 11,071, indicating a negative start for the Sensex and the Nifty 50.

Stocks to watch: Zee Entertainment, IDBI Bank, Ashok Leyland in focus.

Indian shares are likely to open lower on Wednesday, in line with Asian stocks, on renewed worries over US-China trade war following threats from US President Donald Trump to Beijing.

In global markets, investors also await an expected interest rate cut by the US Federal Reserve for the first time since the financial crisis more than a decade ago. The expected easing has supported risk asset prices worldwide.

On Tuesday, Indian benchmark indices ended lower on Monday with Nifty50 slipping below 11,100 level for the first time since March 2019. The benchmark indices were mainly dragged by banking, metal and auto indices.

The Sensex settled 289 points lower, or 0.8 percent, to close Monday's trade at 37,397. The Nifty50 also lost 104 points, or 0.9 percent, to settle at 11,085.

At 7.20 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 35 points, or 0.32 percent, lower at 11,062.50, indicating a negative start for the Sensex and the Nifty 50. 

Stocks to watch: Coffee Day Enterprises, Axis Bank, Hero Motocorp, Tech Mahindra in focus.

Indian shares are likely to open higher on Tuesday taking cues from the Asian market which remains upbeat on the expectation of the US interest rate cut this week.

Also drawing some attention were US-China trade negotiations due to begin in Shanghai on Tuesday, although expectations for progress during the two-day meeting are low with the markets hoping the two sides can at least detail commitments for "goodwill" gestures.

On Monday, Indian benchmark indices ended lower clouded by weak corporate results, while bond yields fell after the finance minister said the government did not intend to review its overseas borrowing plan.

The Sensex settled 196 points lower, or 0.52 percent, to close Monday's trade at 37,686. The Nifty50 also added 95 points, or 0.84 percent, to settle at 11,189.

At 7.25 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 23 points, or 0.21 percent, higher at 11,234, indicating a positive start for the Sensex and the Nifty 50.

Stocks to watch: Vodafone Idea, Axis Bank, Dr. Reddy's, Strides Pharma in focus.

Indian shares looked set for a weak start on Monday, tracking sluggish Asian stocks, as US-China trade talks resume and the Federal Reserve is expected to deliver its first interest-rate cut in a decade.

Asian shares remained subdued with much riding on whether or not the US Fed signals yet more are in the pipeline.

On Friday, Indian shares snapped six straight sessions of declines, driven by a rally in financial and auto stocks. The Sensex settled 52 points higher, or 0.14 percent, to close Friday's trade at 37,883. The Nifty50 also added 32 points, or 0.29 percent, to settle at 11,284.

At 7.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 17 points, or 0.15 percent, lower at 11,311.50, indicating a negative start for the Sensex and the Nifty 50.

Stocks to watch: Vodafone Idea, ICICI Bank, Auto stocks, Yes Bank in focus. 

Indian shares are likely to remain under selling pressure on Friday as poor June-quarter earnings and losses in global markets weigh on equities. Asian shares traded marginally lower following mixed US corporate earnings. The BSE Sensex and the NSE Nifty 50 closed lower for a sixth straight session on Thursday, dragged by losses in Reliance Industries and Tata Motors. At 7.10 AM, the SGX Nifty futures traded 32 points, or 0.28 percent, lower at 11,269, indicating a negative trade for the Sensex and the Nifty 50.

The Indian market is likely to open higher on Thursday amid mixed global cues. In the global markets, Asian shares remained cautious amid expectations from the European Central Bank (ECB) and the US Federal Reserve to ease monetary policy soon.

Indian shares marked their worst losing streak since mid-May on Wednesday after the International Monetary Fund (IMF) cut its annual growth forecast for the country, with losses seen across the board.

The Sensex settled 135 points lower, or 0.36 percent, to close Wednesday's trade at 37,847. The Nifty50 also slipped by nearly 60 points, or 0.53 percent, to trade at 11,271.

At 7:12 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 22.50 points, or 0.20 percent, higher at 11,295 pointing to a marginally higher start for the Sensex and the Nifty 50.

Stocks to watch: Yes Bank, Bharti Airtel, Vodafone Idea, Shriram Transport Finance in focus.

Indian shares are likely to open lower on Wednesday over continued selling pressure by foreign investors and weaker-than-expected June quarter earnings.

Asian shares traded marginally higher following reports that US and China may resume trade negotiations next week.

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 declined for a fourth straight session, dragged by losses mainly in financials amid concerns over tepid corporate earnings. The Sensex ended lower by 48 points, or 0.13 percent, at 37,983. The Nifty ended at 11,331, down by 15 points, or 0.13 percent.

At 7.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 14 points, or 0.12 percent, lower at 11,311, pointing to a negative start for the Sensex and the Nifty 50. 

Stocks to watch: HUL, L&T, Mahindra Finance, Hotel Leela Venture, Yes Bank in focus.

Indian shares are expected to start tepid on Tuesday, as investors remain cautious following disappointing June-quarter earnings.

Indian equity benchmark indices ended lower on Monday dragged by financials and continued selling by foreign investors. The Sensex ended 306 points lower at 38,031, while the broader Nifty50 index lost 82 points to end at 11,337.

In global markets, Asian shares propped up following expectations of policy easing by major central banks, including the US Federal Reserve.

At 7.10 AM SGX Nifty, an early indicator of the Nifty 50's trend in India traded 8 points, or 0.07 percent, lower at 11,346.50, indicating a flat start for the Sensex and the Nifty 50.

Stocks to watch: Kotak Mahindra Bank, TVS Motor, IndiGo, DHFL in focus.

Indian shares are likely to open lower on Monday as investors remained cautious amid the ongoing June-quarter earnings season.

Asian shares fell after heightened geopolitical tensions in the Middle East and expectations of a lower than expected cut in interest rates by the US Federal Reserve.

The BSE Sensex and NSE’s Nifty 50 plunged 1.5 percent on Friday following muted earnings and the government’s decision to maintain the status quo on the FPI tax issue. The Sensex ended 560 points lower at 38,337, while the broader Nifty50 index lost 177 points to end at 11,419.

At 7.15 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 20 points, or 0.18 percent, lower at 11,409, indicating a negative start for the Sensex and the Nifty 50. 

Stocks to watch: IndiGo, HDFC Bank, Axis Bank in focus.