MarketBuzz

Indian benchmark indices BSE Sensex and NSE’s Nifty50 are likely to stay volatile on Friday as finance minister Nirmala Sitharaman will present the Union Budget for the fiscal year 2018-19.

Investors await the government’s proposals to revive India’s economic growth. The Economic Survey projected GDP growth rebounding from a five-year low to 7 percent in the FY20.

Asian markets traded at two-year highs, while US markets were closed on account of the Independence Day.

Indian shares settled with gains in the previous session, rising for the fourth straight day. The 30-share BSE Sensex settled 68.81 points, or 0.17 per cent, higher at 39,908.06. Similarly, the broader NSE Nifty gained 30 points, or 0.25 per cent, to finish at 11,946.75. 

At 7.00 AM, the SGX Nifty futures traded unchanged at 11,980, indicating a muted start for the Sensex and the Nifty 50.

Stocks to watch: Adani Power, Maruti Suzuki, SpiceJet, L&T Finance in focus.

Indian benchmark indices are likely to open flat on Thursday as investors remained cautious ahead of the Union Budget due to be presented in the Parliament on July 5.

Asian shares followed a rally in US equities after weaker-than-expected US econ data raised hopes for rate cuts by the US Federal Reserve.

Indian shares settled little changed in the previous session. The broader NSE Nifty closed 0.05 percent higher at 11,916.75, while the benchmark BSE Sensex settled 0.06 percent firmer at 39,839.25.

At 7.15 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 8.50 points, or 0.07 percent, higher at 11,956.50, pointing to a flat start for the Sensex and the Nifty 50.

Stocks to watch: JSPL, Steel Strips Wheels, Zuari Agro in focus.

Indian benchmark indices are likely to open higher on Wednesday over hopes that the government could announce measures to ease liquidity situation and boost the slowing economy in the Union budget. Finance minister Nirmala Sitharaman will present her first Union Budget in the Parliament on July 5.

Meanwhile, Asian markets were subdued as initial enthusiasm over the latest US-China trade truce was overtaken by fresh concerns over Washington's threat of tariffs on additional European goods. Global crude oil prices also edged higher, steadying after a more than 4 percent fall in the previous session.

On Tuesday, Indian shares closed higher for a second straight day led by gains from financials and IT sector. The broader Nifty closed 0.38 percent higher at 11,910.3, while the benchmark Sensex settled 0.33 percent firmer at 39,816.48. 

 At 8.00 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 23.50 points or 0.20 percent higher, at 11,966.50, indicating a positive start for the Nifty 50 and the Sensex. 

Stocks to watch: IGL, Mindtree, New India Assurance in focus.

Indian benchmark indices are likely to open little changed on Tuesday, tracking muted trends in global markets.

Asian shares traded mixed after disappointing PMI data. Meanwhile, US stocks hit record highs in the previous session following progress in US-China trade negotiations.

Indian markets have turned cautious ahead of the Union Budget, which will be presented in the Parliament on July 5. On Monday, the broader NSE Nifty50 closed 0.65 percent higher at 11,865.60, while the benchmark 30-share BSE index settled 0.74 percent firmer at 39,686.50.

At 7.00 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded only 9 points or 0.08 percent higher, indicating a flat start for the Nifty 50 and the Sensex. 

Stocks to watch: Hero MotoCorp, Tata Motors, DHFL in focus.

Indian benchmark indices are likely to edge higher on Monday following gains in global markets after positive development in US-China trade negotiations. Investors, however, will remain cautious ahead of the Union Budget on July 5. 

Stocks also rallied and bonds retreated in Asia on Monday as a thaw in the Sino-US trade dispute tempered risks to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks.

Oil prices rose over $1 a barrel after Russia agreed with Saudi Arabia to extend supply cuts for another six to nine months ahead of an OPEC meeting this week.

Indian benchmark indices closed lower on Friday with the Sensex ending the session 192 points lower at 39,395, while the broader Nifty50 index losing 53 points to end at 11,789. 

At 7.27 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 11.50 points, or 0.10 percent, higher at 11,849.50, pointing to a positive start for the Sensex and the Nifty 50.

Stocks to watch: DHFL, Jet Airways, JSW Steel in focus. 

Indian shares are likely to open higher on Friday in line with gains in global markets as world leaders meet at the G20 meeting in Osaka, Japan. Asia shares inched higher on hopes of a meeting between US President Donald Trump and Chinese President Xi Jinping could ease trade tensions.

Oil prices also remained little changed. Indian investors will also await trade talks between Trump and Prime Minister Narendra Modi at the G20 summit.

Indian benchmark indices ended the June F&O expiry flat on Thursday as gains in auto and realty sectors were capped by losses in IT and metal space. The Sensex ended 6 points lower at 39,586, while the broader Nifty50 index lost 6 points to end at 11,841.

At 7.23 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 26 points, or 0.22 percent, higher at 11,918, pointing to a positive start for the Sensex and the Nifty 50.

Stocks to watch: Cox & Kings, Sun Pharma, MindTree in focus.

Indian shares are set to open little changed on Thursday in line with muted trades in the global markets and ahead of the futures and options derivative contracts.  At 7.16 AM, the SGX Nifty futures traded 1.50 points, or 0.01 percent, lower at 11,867.50, indicating a flat start for the Sensex and the Nifty 50.  

Indian benchmark indices are likely to open lower on Wednesday following negative sentiment in the global markets.

Asian shares declined after US Federal Reserve policymakers tempered expectations of further rate cuts. Moreover, oil prices rose over 1 percent today after US crude stockpiles fell more than expected.

Indian benchmark indices rose nearly 1 percent snapping a two-day losing streak led largely by bluechip stocks. The broader NSE Nifty closed up 0.83 percent at 11,796.45, while the benchmark BSE Sensex ended 0.8 percent higher at 39,434.94.

At 7.14 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 26.5 points, or 0.22 percent, lower, pointing to a negative start for the Sensex and the Nifty 50.

Stocks to watch: DHFL, Reliance Power, Persistent Systems in focus.

Indian shares are likely to open on a cautious note on Tuesday in line with global markets as investors await US-China trade talks at the G20 meeting later this week.

Rising geopolitical tensions between the US and Iran has also made investor cautious. US President Donald Trump on Monday targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions.

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 ended marginally lower in the previous session dragged by metal and auto stocks. The BSE Sensex fell 71.53 points, or 0.18 percent, to 39,122.96, and the Nifty 50 declined 24.45 points, or 0.21 percent, to 11,699.65.

At 7.35 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 12 points, or 0.10 percent, higher at 11,728, pointing to a muted start for the Sensex and the Nifty 50.

Stocks to watch: TCS, SBI Life, Piramal, Axis Bank in focus.

Indian benchmark indices are likely to open little changed on Monday following muted trades in global markets and a spike in oil prices.

Asian shares traded cautiously as investors await US-China trade negotiations ahead of G20 meeting this weekend. Oil prices rose on worries over heightened tensions between the US and Iran.

Indian benchmark indices on Friday ended over 1 percent lower on weak global cues. The Sensex ended 407 points lower at 39,194, while the broader Nifty50 index lost 108 points to end at 11,724. 

At 7.00 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded at 1.50 points, or 0.01 percent, higher at 11,755.50, indicating a flat start to the Sensex and the Nifty 50.

Stocks to watch: IndusInd Bank, BHEL, Glenmark Pharma in focus.