BSE Sensex and Nifty are likely to open lower, tracking weak Asian
markets. Global markets remain tentative ahead of the crucial US jobs
data which will be released later in the day. The SGX Nifty was down
0.70 per cent, indicating a lower opening for Indian markets.
Here are top 10 developments:
1) Asian markets were mostly lower today with Japan's Nikkei down over 1 per cent.
2) Emerging market currencies and equities could face more pressure if the US payrolls data boost expectations that the Federal Reserve is on course to raise interest rates later this year.
3) China markets remain closed today for a holiday. This could help in reducing the volatility in Indian markets, traders said.
4) Overnight, the Wall Street closed on a lacklustre note, with investors wary of taking positions ahead of the crucial jobs data.
5) European markets had rallied yesterday after European Central Bank chief Mario Draghi explicitly said that its massive stimulus programme run beyond September 2016. This paved the way for an expansion of its 1 trillion-euro plus asset-buying programme.
6) Mr Draghi however warned of possible further trouble from a slowdown in China's economy as the bank cut its inflation and growth forecasts for the euro zone.
7) Concerns over global growth, particularly about China's economy, and possibility of a rate hike in the US have roiled global markets including India. The Sensex has lost over 8 per cent since China devalued its currency on August 11.
8) Foreign investors sold Indian shares worth nearly Rs 400 crore on Thursday while domestic institutional investors bought equities worth Rs 840 crore. Analysts say that unless the selling pressure from foreign investors ease, Indian markets are not likely to regain a steadier footing.
9) Despite the government granting relief to foreign funds on minimum alternative tax, foreign institutional investors sold Indian shares worth Rs 1,573.42 on Wednesday and Rs 675 crore on Tuesday.
10) Concerns over global growth and a fall in commodity prices have seen foreign investors pull out record sums from emerging markets. Last month, foreign investors sold shares worth Rs 16,877 crore.
Here are top 10 developments:
1) Asian markets were mostly lower today with Japan's Nikkei down over 1 per cent.
2) Emerging market currencies and equities could face more pressure if the US payrolls data boost expectations that the Federal Reserve is on course to raise interest rates later this year.
3) China markets remain closed today for a holiday. This could help in reducing the volatility in Indian markets, traders said.
4) Overnight, the Wall Street closed on a lacklustre note, with investors wary of taking positions ahead of the crucial jobs data.
5) European markets had rallied yesterday after European Central Bank chief Mario Draghi explicitly said that its massive stimulus programme run beyond September 2016. This paved the way for an expansion of its 1 trillion-euro plus asset-buying programme.
6) Mr Draghi however warned of possible further trouble from a slowdown in China's economy as the bank cut its inflation and growth forecasts for the euro zone.
7) Concerns over global growth, particularly about China's economy, and possibility of a rate hike in the US have roiled global markets including India. The Sensex has lost over 8 per cent since China devalued its currency on August 11.
8) Foreign investors sold Indian shares worth nearly Rs 400 crore on Thursday while domestic institutional investors bought equities worth Rs 840 crore. Analysts say that unless the selling pressure from foreign investors ease, Indian markets are not likely to regain a steadier footing.
9) Despite the government granting relief to foreign funds on minimum alternative tax, foreign institutional investors sold Indian shares worth Rs 1,573.42 on Wednesday and Rs 675 crore on Tuesday.
10) Concerns over global growth and a fall in commodity prices have seen foreign investors pull out record sums from emerging markets. Last month, foreign investors sold shares worth Rs 16,877 crore.
No comments:
Post a Comment