BSE Sensex and Nifty are likely to open higher on Tuesday.
SGX CNX NIFTY was trading 0.60 per cent higher at 7,605, indicating a
strong start for Indian markets. But analysts remain skeptical whether
Indian markets can hold on to the gains amid mostly lower Asian markets.
Here are top 10 developments:
1) Asian markets were mostly lower today with Japan's Nikkei down nearly 0.75 per cent. China stocks were volatile, trading with a negative bias. The Wall Street was closed for a holiday yesterday.
2) Prime Minister Narendra Modi will meet industry leaders today to deliberate on the recent developments in the global economic scenario and opportunities it presents for India. PM Modi's second meeting with representatives of industry associations or chambers in two months, is being held amid global market turbulence caused by a slowing Chinese economy.
3) Domestic stock markets, roiled by developments in China and the US, had slumped 1.2 per cent on Monday, with the BSE Sensex closing below the psychological 25,000 mark for the first time since June 4, 2014.
4) Continued uncertainty about whether the Federal Reserve will hold off from hiking interest rates this month has been weighing on foreign flows. The Fed has not raised rates in nearly a decade, leading to fund flows in emerging countries like India.
5) Analysts say that Indian markets are likely to remain volatile till the crucial US Fed meet, which is scheduled for September 16-17. An interest rate hike in the US could accelerate the selling from foreign investors who would like to park their money in US bonds.
6) Indian markets are also witnessing an exodus from foreign investors who sold a record Rs 16,877 crore worth of domestic stocks in August. On top of that, they sold Indian stocks worth nearly Rs 4,800 crore in the past five sessions.
7) Market experts attributed the huge outflows to sustained global risk-off trend along with some domestic concerns like monsoon deficit, slow pace of reforms and economic slowdown. Concerns about a rate hike in the US as early as next week, have led to selling by foreign investors.
8) Domestic institutional investors have been buyers of stocks despite the selloff from foreign investors, helping to provide some support to Indian markets. On Monday, they bought shares worth Rs 504 crore.
9) Despite Sensex and Nifty losing over 6 per cent in August, investments into Indian mutual funds surged in August from July, signalling the continued retail support for equities despite a deteriorating outlook. Investments into equity mutual funds rose 63 per cent to Rs 9,625 crore last month from July, marking a 16th consecutive month of inflows.
10) Traders are also watching the value of the rupee which affects the dollar returns of foreign investors. The rupee fell to a two-year low of 66.82/dollar on Monday, against Friday's close of 66.46.
Here are top 10 developments:
1) Asian markets were mostly lower today with Japan's Nikkei down nearly 0.75 per cent. China stocks were volatile, trading with a negative bias. The Wall Street was closed for a holiday yesterday.
2) Prime Minister Narendra Modi will meet industry leaders today to deliberate on the recent developments in the global economic scenario and opportunities it presents for India. PM Modi's second meeting with representatives of industry associations or chambers in two months, is being held amid global market turbulence caused by a slowing Chinese economy.
3) Domestic stock markets, roiled by developments in China and the US, had slumped 1.2 per cent on Monday, with the BSE Sensex closing below the psychological 25,000 mark for the first time since June 4, 2014.
4) Continued uncertainty about whether the Federal Reserve will hold off from hiking interest rates this month has been weighing on foreign flows. The Fed has not raised rates in nearly a decade, leading to fund flows in emerging countries like India.
5) Analysts say that Indian markets are likely to remain volatile till the crucial US Fed meet, which is scheduled for September 16-17. An interest rate hike in the US could accelerate the selling from foreign investors who would like to park their money in US bonds.
6) Indian markets are also witnessing an exodus from foreign investors who sold a record Rs 16,877 crore worth of domestic stocks in August. On top of that, they sold Indian stocks worth nearly Rs 4,800 crore in the past five sessions.
7) Market experts attributed the huge outflows to sustained global risk-off trend along with some domestic concerns like monsoon deficit, slow pace of reforms and economic slowdown. Concerns about a rate hike in the US as early as next week, have led to selling by foreign investors.
8) Domestic institutional investors have been buyers of stocks despite the selloff from foreign investors, helping to provide some support to Indian markets. On Monday, they bought shares worth Rs 504 crore.
9) Despite Sensex and Nifty losing over 6 per cent in August, investments into Indian mutual funds surged in August from July, signalling the continued retail support for equities despite a deteriorating outlook. Investments into equity mutual funds rose 63 per cent to Rs 9,625 crore last month from July, marking a 16th consecutive month of inflows.
10) Traders are also watching the value of the rupee which affects the dollar returns of foreign investors. The rupee fell to a two-year low of 66.82/dollar on Monday, against Friday's close of 66.46.
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