Before the trading day begins, learn about the number of factors that may influence share prices and the trading climate in stock markets.
Important developments across the globe, current situation of global markets, sentiments, and the overall news related to stocks or companies 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.
Here are some of the factors that may affect the stock market today.
- SGX nifty indicating a tepid start to trade
- Asian markets trade higher in opening trade
- US Dollar Index tumbles to 2-week lows near 96.70
- Dow rises 260 points, S&P 500 posts 3rd weekly gain, Nasdaq advanced 0.5% in trade
- The pan-European Stoxx 600 closes provisionally around 0.1% higher
- US crude rises 31 cents, settling at $63.89/bbl, Brent rose 1% to $71.55 per barrel, ending the week 1.7% higher
Stocks in news that may influence the market:
Dr Reddy's: Dr. Reddy’s is set to acquire a portfolio of 42 approved, non-marketed ANDAs in the US. The portfolio includes more than 30 generic injectable products. Value of total addressable market in 2018 for these products in the US was $645mn.
Infosys: Former US employee of Infosys filed an appeal for review in California court alleging that the company has brought Indian employees on B-1 visas and not on H1-B. An official statement from Infosys, which has been given 3 days to respond, is awaited.
APL Apollo , Shankara Building Products: APL Apollo is set to acquire Shankara's 200,000 MTPA tube manufacturing unit for Rs 70 crore. The company has proposed to fund this acquisition through internal accruals.
Mastek: The company is aiming to sell its 12% holding in its former subsidiary Majesco by the end of 2019. Mastek is set to deploy cash for acquisitions, as it aims a fourfold growth in biz in the medium term
CLSA on Infosys: Maintain ‘buy’, reduce target price to Rs 900
CLSA on TCS: Maintain ‘buy’; target price Rs 2,460
CS on TCS: Neutral but raises target price to Rs 2,130 from Rs 1,900
CS On Infosys: Downgrade to ‘U-P’ from ‘neutral’; target price cut to Rs 650 from Rs 770
HSBC on Infy & TCS: Retain ‘hold’; TCS target price Rs 1,900; lower Infosys target price to Rs 760 from Rs 780
Nomura on Dr Reddy’s: Maintain ‘buy’, target price Rs 3,414
CLSA on Adani Power: Sell call, target price raised to Rs 39 From Rs 23