Wednesday 19 August 2015

Sensex May Open Lower on Weak Global Cues

9:10 a.m.: Sensex gains 20 points to 27,852 and Nifty jumps 1 point to 8,468 in the pre-market session.

9:00 a.m.: Rupee opens lower at 65.42 per dollar against Monday's close of 65.31.

8:55 a.m.: SGX Nifty slips 0.3 per cent to 8,449 as China markets extend losses. Shanghai Composite index slumped 2.7 per cent and Shanghai Shenzen index was down 1.8 per cent.

8:40 a.m.: Below are the stocks which will be in focus today:

DLF: DLF has sold a four acre land parcel in Kochi for Rs 111 crore. Sale was a part of its plan to sell non-core assets. This sale will boost cash flows and reduce debt of the company.

Majesco India: Majesco India shares will list on the BSE and NSE today. Majesco is the demerged insurance company of Mastek. For each Mastek share investors got one Majesco share.

Infosys: Infosys has bagged order from Fidelity Bank of Nigeria.

Coal India: Reports suggest that Coal India will seek shareholders' nod to extend CMD's tenure till 2017.

Hindalco: Reports suggest that Hindalco will focus on controlling costs over the next two quarters.

Aurobindo Pharma: Aurobindo Pharma plans to build three formulation plants in Andhra Pradesh and Telangana.

Everonn Education: Everonn Education board has proposed conversion of promoter loan into equity. The conversion will be done via preferential allotment of shares to promoters.

Pipavav Defence: Gujarat government has cleared Reliance Infrastructure's open offer for Pipavav Defence.

Jindal Saw: Jindal Saw plans to seek shareholder nod to raise up to Rs 1,000cr via non-convertible debentures on September 18.

TRF: TRF has bagged Rs 73.9 crore order from BHEL

Future Group: Future Group has inked a joint venture pact with Swiss firm Mibelle

Prestige Estate: Karnataka government has rejected Prestige Estate Projects' claims over 3.23-acre Whitefield plot.

8:15 a.m.: Foreign institutional investors sold shares worth Rs 255.40 crore on Tuesday while the domestic institutional investors sold shares worth Rs 127.5 crore.

8:00 a.m.: The Sensex and Nifty are likely to open on a weak note tracking weakness in other Asian markets. Meanwhile, the Nifty futures traded on the Singapore Stock Exchange was also indicating a weak start. The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was down 0.14 per cent or 12 points at 8,462.

Asian shares on Wednesday struggled to move away from two-year lows the previous day after big falls in Chinese shares raised fresh fear about the stability of China's economy.

Japan's Nikkei and Hong Kong's Hang Seng fell 0.5 per cent each. Chinese share market was trading on a weak note after yesterday's 6 per cent fall. Shanghai Composite index plunged 2.5 per cent and the Shanghai Shenzen index was down 1.7 per cent.

Overnight, The Dow Jones industrial average fell 41.22 points, or 0.23 per cent, to 17,503.96, the S&P 500 lost 6.16 points, or 0.29 per cent, to 2,096.28 and the Nasdaq Composite dropped 26.84 points, or 0.53 per cent, to 5,064.86.        

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