Before the market opens, know about the many factors that can have an influence on share prices and on the general trading climate in the stock markets.
The important and interesting developments around the world, happenings in the global markets, sentiments, and the overall news related to a stock or a company are some of the key indicators that you need to consider before investing in the stock market.
Also, the views of brokerages on select stocks and buy/hold/sell recommendations with target prices play a significant role in determining how the markets are going to perform.
Let’s know in detail the factors that could affect the stock markets today.
*Dollar Index ends the week on its high near 98.00. DXY gained ground on Friday on the back of positive US data.
*SGX Nifty indicating a start above 11,650 levels. The infex is up around 250 points, or over 2 per cent.
*Dow Futures is up over 100 points.
*Asian markets open higher in trade.
*Reports suggest Google has suspended some business with Chinese telecommunications giant Huawei. Huawei will immediately lose access to updates to the Android operating system.
*Yen traded at 110.21 against the dollar after seeing levels below 109.2 last week.
*US markets end lower on Friday, fourth straight weekly drop for the Dow.
*Dow ended the day lower by around 100 points, S&P 500 fell 0.6 per cent.
*Nasdaq ended with cuts of around 1 per cent.
*European stocks close lower as trade fears linger.
*Brexit talks collapse and Trump administration confirmed Friday that it will delay tariffs on European auto imports for up to six months.
*Sterling fell to its lowest in four months.
*The pan-European STOXX 600 was down 0.34% in trade.
*Oil prices gained in the morning of Asian trading hours, with Brent adding 1.02 per cent to $72.95 per barrel.
*WTI contract gained 1 per cent to $63.39 per barrel in morning trade.
*Oil jumps as Saudi Arabia suggests OPEC+ to keep production cut plan.
*Brent and US crude futures advanced.
Stocks In News
DHFL: Brickworks downgrades debt instruments worth Rs 56,550 crore, on account of limited progress in building up of liquidity. Delay in announcing a strategic investor for DHFL also a reason for the downgrade.
ONGC: ONGC, GIP, Tripura government look to buy IL&FS’ 26 per cent stake in ONGC Tripura Power (OTPC). ONGC has a 50 per cent stake in OTPC, while GIP holds 23.5 per cent and Tripura government 0.5 per cent.
Bharti Airtel: Company's rights Issue, which closed for subscription on May 17, has been over-subscribed.
Fortis Healthcare: Unit To Sell 28.9 per cent stake in medical & surgical centre to CIEL.
Cipla: USFDA conducted a post-approval inspection at Indore facility from May 13-17, which ended with zero observations.
InterGlobe Aviation: Indigo CEO said reports of disagreements between promotors baseless, and the speculations are not in best interest of shareholders, employees or customers. JSA And Khaitan & Co have been on retainer by founders since IPO. The four- year old association with law firms should not be seen as a new revelation. Rakesh Gangwal, Indigo Promoter, said he has no interest or desire to take control of the airline.
InterGlobe Aviation: Indigo promoters’ first right of refusal ends on November 9. The two sides through their law firms are discussing possible changes in shareholders’ agreement.
NIIT: Gets Rs 2,020 crore from NIIT Tech stake sale to Baring PE.
Jet Airways: SBI Chairman said clarity on Jet Airways expected in a week. He said various options are being evaluated for resolution of Jet Airways, with many investors showing interest in the airline. Some investors have submitted unsolicited offers, their seriousness have to be checked.
Torrent Pharma: Issued CPs worth Rs 100 crore at a coupon rate of 7.93 per cent. CPs worth Rs 300 crore fully redeemed and repaid on maturity date.
Bajaj Auto: Company to roll out new models this year. It plans to roll out entry-level and mid-segment motorcycles in the next 3-4 months.
PNC Infratech: Arm gets Rs 146 crore arbitral award from Delhi government.
Future Consumer: To raise Rs 210 crore via convertible debentures to IFC.
Power Companies In Focus: According to reports, CERC has ordered unlocking of Rs 17,000 crore compensation for power firms. This will power companies to claim compensation for additional cost of coal procured from other sources. Shortage of coal due to Coal India’s failure to meet supply obligations. Additional compensation facility was available from FY14-FY17. Additional compensation to be calculated on basis of formula prescribed by CERC. CERC order to benefit as many as 6 power companies.
Bank Of Baroda: Plan to rationalise 800-900 branches post merger with Dena Bank and Vijaya Bank.
NMDC: Considering acquiring 100 per cent stake in its Aussie arm Legacy Iron. Considering buying back remaining 24 per cent stake in Legacy Iron. To delist unit Legacy Iron from the Australian Stock Exchange (ASX). Planning to invest 10 million Australian Dollar on Legacy's gold project.
Astrazeneca: Moves US court against aurobindo pharma on generic Daliresp.
Edelweiss Financial Services: ECL Finance raises Rs 300 crore through NCDs. First tranche of issue concludes before scheduled closing date. ECL Finance is a wholly-owned subsidiary of Edelweiss Financial Services.
Oil India: Company is planning to exit from two major blocks in the US and Russia and is in talks with multiple players to sell these assets.