Market Live By CapitalStars 02/August/2019

Nifty likely to open lower.

The Nifty50 is likely to open lower on Friday tracking Asian markets which were trading lower after US President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month. The Dow Jones Industrial Average fell 280.85 points, or 1.05 percent, to 26,583.42, the S&P 500 lost 26.82 points, or 0.90 percent, to 2,953.56 and the Nasdaq Composite dropped 64.30 points, or 0.79 percent, to 8,111.12. Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.46 percent loss or 50 points. Nifty futures were trading around 10,966-level on the Singaporean Exchange. The S&P BSE Sensex fell 462 points to 37,018 while the Nifty50 closed 138 points lower at 10,980 on Thursday.

Global Market:

Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 2.36% while the Hang Seng is down 2.27%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly lower today with shares in Mexico leading the region. The IPC is down 1.26% while U.S.'s S&P 500 is off 0.90% and Brazil's Bovespa is lower by 0.78%.

European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.70% and the DAX rose 0.53%. The FTSE 100 lost 0.03%.

Major Headlines of the day:

Rupee stands at 69.23 per dollar.
India GST collection rises to Rs1.02 lakh cr in July The revenue in July, 2018 was Rs96,483cr and the revenue during July, 2019 is a growth of 5.80% over the revenue in the same month last year.

Oil steady after worst plunge in 4 years, Asian stocks down as Trump slaps tariffs on China In other news, Japan removed South Korea from the trade white list on national security concerns.

Earnings Reaction To Watch

BATA INDIA

BEML

BIRLA CORP

EXIDE IND

HDFC

INOX LEISURE

ITC

NESTLE

SBI

TATA COMM

UJJIVAN

Trend in FII flows:- The FIIs were Net Value of Rs -1056.55 segment while the DIIs were Net Value of 561.28 the provisional figures.

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