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.
* Asian markets slipped in morning trade.
* Markets in Hong Kong are closed today for a holiday.
* US sanctions more crude oil trade between Venezuela and Cuba.
* Oil prices declined in the morning of Asian trading hours.
* Trade talks between U.S. and Chinese negotiators broke up on Friday without a trade agreement, negotiations appeared at a deadlock on Sunday.
Important Business Updates & Stocks In News
ITC: According to sources, MD Sanjiv Puri may be named Chairman. The announcement may come today when board meets to declare results.
L&T/ Mindtree: Sources say that SEBI queries delayed bid by L&T for Mindtree. L&T will have to postpone its open offer by at least 15 days. The open offer was scheduled to start on May 14 and close on May 27.
The regulator has questioned Mindtree's dividend policy and has sought details. On April 18, Mindtree board announced a total dividend of 270% or Rs27/share.
DHFL: The company has paid over Rs 30,000 Cr principal, interest to editors since September 24. The collection efficiency remained over 99% every month. There has been no impact on collections & servicing activity.
GAIL: The company has accelerated work for Jagdishpur-Haldia & Bokaro-Dhamra Pipeline project. The company has completed awards worth Rs 10,500 crore for line pipe supply and laying. It has also exceeded its Capex target of Rs 6,400 Cr for FY 2018-19.
Tata Steel: The European Commission has rejected the company's joint venture with ThyssenKrupp. The company, however, remains committed to the strategy in Europe and would explore options to achieve similar outcomes. The company also said that operations in India were well positioned to enhance earnings.
Sources say that the company may seek to recalibrate balance sheet through sizeable asset sales. This may include exiting some international markets.
Etihad: The aviation major has confirmed their interest to reinvest in Jet Airways. Jet Airways interest areas subject to conditions. Etihad has said that they cannot be the sole investor in the debt-laden airline and that they will continue to work will stakeholders to revive jet.
Jet Airways: According to sources Etihad says it can only invest Rs1700cr in Jet. The airline is being non-committal on Jet’s dues and has sought a one-time settlement.
Sources told BTVI that the senior management of the airline was questioned by the Enforcement Directorate in Mumbai. The officials questioned to understand foreign in an investment deal in Jet Airways loyalty programme. Allegations of violation in FDI Norms in Etihad’s investment in Jet Privilege being probed
BTVI's sources also gathered that Etihad is likely to explore options to tie up with SpiceJet for Jet Airways as the aviation major is looking at an Indian partner as a majority investor in Jet Airways. The management of SpiceJet and Jet Airways had met recently. But SpiceJet has declines any such developments.
Indiabulls Housing Finance: Moody's has assigned Ba1 Rating to the company with a stable outlook.
Titan: The brand Skin is eyeing Rs 500 Cr turnover and aims to double their market share by 2011-2023.
Torrent Pharma: The pharmaceutical has recalled over 8.82 lakh bottles of hypertension drug from the U.S., Puerto Rico
PC Jewellers: The company has received the board's nod for export division demerger.
Piramal Enterprises: According to sources, Piramal Group has planned to buy operational renewable power projects of Mytrah Energy. The assets will be placed in the newly-launched private InvIT. InvIT is co-owned by the Piramal Group and CPPIB. Mytrah has built 2000MW of operational & in-the-works renewable power assets
Vodafone Idea: Sources say that Vodafone Group may soon release pledged Voda Idea stake. The group may use cash from expected June-end sale of its holding in Indus Towers-Bharti Infratel.
Welspun Corp: NCLT has sanctioned a scheme of amalgamation of 2 subsidiaries with the company.
HCL Tech: The board has approved a merger of 4 subsidiaries into HCL Tech
ICICI Bank: NCLT has dismissed the bank's plea to initiate insolvency proceedings against Era Infra