Nifty likely to open lower.
The Nifty50 is seen opening lower on Thursday following Asian markets which were trading lower after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but dashed hopes of a lengthy easing cycle. Overnight, the Dow and the Nasdaq lost 1.2 percent each while the S&P 500 declined 1.1 percent. MSCI gauge of stocks across the globe slipped to a five-week low, said a Reuters report. Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.39 percent loss or 43 points. Nifty futures were trading around 11,078-level on the Singaporean Exchange. As many as 53 companies will declare their results for June quarter which include names like Bharti Airtel, CEAT, Godrej Consumer, HCC, ICRA, JK Tyre, Marico, Raymond, Tata Power, and Varun Beverages among others.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.87% while the Hang Seng is down 0.80%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.09% while U.S.'s S&P 500 is off 1.09% and Mexico's IPC is lower by 0.72%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.34% and the CAC 40 rose 0.14%. The FTSE 100 lost 0.78%.
Major Headlines of the day:
Rupee stands at 69.20 per dollar.
Ashok Leyland's net profit shrinks 45% yoy in Q1FY20 Meanwhile, Ashok Leyland said that its board has approved the plan to raise up to Rs600cr in long-term debt.
Bharti Airtel Q1FY20E Result Expectation India EBITDA margin is expected to decline on qoq basis while Africa is expected to remain flat.
Tata Global Beverages cons. PAT rises ~11% yoy to Rs142cr The branded business' revenue largely remained flat, while the non-branded business rose 26% yoy (contributed only ~13% to total revenue in Q1FY20).
Earnings Reaction To Watch
BHARTI AIRTEL
CEAT
CHOLAMAMDALAM
GODREJ CONSUMER
MARICO
RAYMOND
TATA POWER
Trend in FII flows:- The FIIs were Net Value of Rs -1497.07 segment while the DIIs were Net Value of 2479.38 the provisional figures.
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
0 comments:
Post a Comment