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 declined in opening trade.
* Investors continued to watch for developments on the U.S.-China trade front.
* US stocks fell as interest rates declined'
* Dow dropped more than 200 points giving up a 131-point gain from earlier in the days.
* S&P 500 pulled back 0.8%, Nasdaq ended with cuts of 0.4%.
* European stocks closed lower.
* Crude prices slipped in the morning trade.
* Indian markets are likely to open lower.
Stocks In News
Zee Entertainment: According to sources, Essel Group may sell a small stake in the company to financial investors. The strategic deal may happen later. The promoters expect to get Rs 9000-10000 Cr from the sale of their assets. The group could possibly ask lenders for an extension of the September deadline.
HDFC/ SBI/ Care Ratings: Sources say that the MCA will probe the role of some key IL&FS shareholders on the suggestion from the new board. The probe will expand to include the role of shareholders such as HDFC, SBI & Orix Corp. They will also probe the role of rating agencies like CARE, ICRA, India Ratings.
Bharti Airtel: Sources say that the company is planning will raise $1bn from sale of a 25% stake in its Africa subsidiary. The subsidiary will be listed on LSE and the proceeds to be used to compete with Jio and reduce debt.
RIL: Jio has sharply reduced the number of contracted employees along with some permanent staff. The company has let go of around 5000 people, of which 500-600 are permanent employees. The telco is seeking to cut costs and improve operating margins.
Spicejet: The Airline is expected Boeing compensation on the 737Max ban in FY20. Boeing has informed of possible 737 Max return timeline. They will be adding 15-25 more Boeing 737 Max jets in FY20.
Jet Airways: According to sources, Jet lenders have hit a recovery roadblock abroad. The plan by lenders to take control of six aircraft owned by Jet Airways has run into rough weather. The lenders were in talks to buy out a $30mn US Exim Bank loan. Six aircraft were given as collateral for the US Exim Bank loan.
SBI: Sources say that SBI is looking to raise up to Rs 18000 Cr via QIP in the next few weeks. BofAML, CLSA, Kotak Mahindra Capital and SBI Cap have been advising SBI on this fundraising.
Manappuram Finance: Sources are saying that IFC will invest $35mn in Manappuram Finance. This is IFC’s first investment in a gold-loan NBFC in India
Mindtree: The company has opened a new delivery centre in Atlanta.
Meghmani Organics: The company is installing an additional capacity to manufacture 2,4-D. The total capacity of 2,4-D after expansion will be 20,400 MT per annum. The cost of the project will be Rs 127 Cr. The project is expected to commence commercial production by June 2020.
The company has also clarified that the news of fire breaking out in its Dahej plant is fake and that the company has filed a police complaint in Ahmedabad against the same.
Welspun India/ DHFL: Sources say that the company may take partial ownership in slum rehab projects financed by DHFL. Welspun group is in talks with local builders that are developing projects to take joint ownership. DHFL had lent Rs 5000 Cr to a group of real estate firms that are developing slum rehabilitation projects. If Welspun takes partnership in these projects, it will play the role of a master developer
Piramal Enterprises: Piramal Capital is in talks to sell Rs 2000 Cr Lodha debt to Goldman Sachs. The housing finance co’s move aimed at reducing exposure to single-developer borrowers.
Indiabulls Housing Finance: The company has completed the issuance and allotment of notes aggregating to $350 Mn. Notes were issued under its Secured Euro Medium Term Note Program.
IRB Infra Developers: Hapur Moradabad project has received an appointment date from a competent authority. The toll collection and construction of the project will start from May 29th . The company has received work orders for its trust for a further period of 10 years.
Great Eastern Shipping: The company will consider share buy-back on June 1.