F&O Expiry: Sensex slips 383 pts, Nifty below 11,000; financials decline

Topics MARKET WRAP | Markets

Indices ended August series of Futures and Options (F&O) above 37,000 level at the S&P BSE Sensex, but below the psychological mark of 11,000 at the Nifty50. Markets remained choppy as fears of an impending global recession and worsening US-China trade relations marred investor sentiment.

The benchmark Sensex closed at 37,069 level, down 383 points or 1.02 per cent, dragged by public sector banks. Sun Pharma, Vedanta, NTPC, and ONGC were among the nine stocks that settled in the green, while State Bank of India (SBI), YES Bank, HDFC, and Axis Bank ended the day as top drags. The broader Nifty50, on the other hand, closed at 10,948-mark, down 98 points or 0.89 per cent.

Domestic investors also remained cautious ahead of GDP data for the April-June quarter (Q1FY20) due on Friday. According to a Reuters poll, Indian economy is set for weakest quarter of growth in five years. The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months.

 
Sectorally, Nifty PSU Bank index ended 2.5 per cent lower, followed by Nifty Financial Services index (down 1.7 per cent), and Nifty Bank index (down 1.6 per cent). Among the gainers, Nifty Pharma index closed 2.24 per cent higher, followed by Nifty Metal, up 1.4 per cent. 

In the broader market, the S&P BSE MidCap index slipped 22 points or 0.17 per cent to settle at 13,333 level. Meanwhile, the S&P BSE SmallCap index closed 78 points, or 0.62 per cent, lower at 12,430.

BUZZING STOCKS

Shares of Indiabulls Housing Finance cracked  as much as 8 per cent on the National Stock Exchange (NSE) in the intra-day trade after the exchange announced that the company will be excluded from the benchmark index Nifty50, with effect from September 27. The stock eventually closed 0.35 per cent lower at Rs 455 apiece. READ MORE

On the flip side, Berger Paints hit a new high of Rs 372, up one per cent on the BSE on hopes of strong volume growth in decorative segment. It settled 1.04 per cent higher at Rs 370 per share. READ MORE

Click here for more buzzing stocks

GLOBAL CUES

Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent.

(With inputs from Reuters)

3:39 PM IST

3:39 PM IST

3:36 PM IST The S&P BSE Sensex lost 383 points or 1.02 per cent to settle at 37,069 while NSE's Nifty50 index slipped below the crucial 11,000-mark to end at 10,948 level. 

3:25 PM IST

3:19 PM IST

3:14 PM IST We remain enthused by PVR’s screen expansion plan and innovation focus. Key risks to our call are Jio’s digital release service; and aggression of OTTs. We retain our TM of 30x earnings per share (EPS) yielding a target price (TP) of Rs 2,040. We maintain 'BUY/SO’. At CMP, the stock is trading at ~43x/29x FY20/FY21E EPS (post Ind AS 116 adjustment); ex of Ind AS 116 the stock is trading at ~31x/22x FY20/21E EPS.

3:11 PM IST

2:59 PM IST Source: Bloomberg

2:53 PM IST

2:42 PM IST

2:29 PM IST Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent. On Wall Street, the S&P 500 gained 0.65% on Wednesday due in part to gains in the energy sector following a rebound in oil prices. But U.S. stock futures lost 0.2 per cent in Asia.

2:27 PM IST The package unveiled, the first of three planned stimulus packages, includes a reduction of taxes, improvement of liquidity in the banking sector (formal and shadow), increased government spending on auto and infrastructure, and accelerated refunds of goods and services tax (GST). READ MORE

LIVE UPDATES

Sectoral losers and gainers on the NSE


Losers and gainers on the S&P BSE Sensex


CLOSING BELL

The S&P BSE Sensex lost 383 points or 1.02 per cent to settle at 37,069 while NSE's Nifty50 index slipped below the crucial 11,000-mark to end at 10,948 level. 

Colgate Palmolive gains 3.5%


Tata Elxsi declines 3%


Edelweiss Securities on PVR

We remain enthused by PVR’s screen expansion plan and innovation focus. Key risks to our call are Jio’s digital release service; and aggression of OTTs. We retain our TM of 30x earnings per share (EPS) yielding a target price (TP) of Rs 2,040. We maintain 'BUY/SO’. At CMP, the stock is trading at ~43x/29x FY20/FY21E EPS (post Ind AS 116 adjustment); ex of Ind AS 116 the stock is trading at ~31x/22x FY20/21E EPS.

Market check


Rupee Check | Trading near day's high

Source: Bloomberg


Buzzing | NCC slips 6%


Indiabulls Housing Finance off day's low


Global markets check

Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent. On Wall Street, the S&P 500 gained 0.65% on Wednesday due in part to gains in the energy sector following a rebound in oil prices. But U.S. stock futures lost 0.2 per cent in Asia.

Stimulus package not enough to stop auto sector decline: Fitch Solutions

The package unveiled, the first of three planned stimulus packages, includes a reduction of taxes, improvement of liquidity in the banking sector (formal and shadow), increased government spending on auto and infrastructure, and accelerated refunds of goods and services tax (GST). READ MORE

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%)
ADVANCE. ENZYME. 145.30 142.00 -4.60 -3.07
ERIS LIFESCIENCE 370.15 357.80 -5.20 -1.39
GAYATRI PROJECTS 108.95 103.10 0.00 0.00
GODREJ INDS. 422.50 420.75 -3.25 -0.76
INDIABULLS HOUS. 434.45 421.10 -22.60 -4.94
» More on 52 Week Low

NEWS ALERT | Govt's determination to sell Air India remains undiluted: Hardeep Singh Puri, MoS, Civil Aviation Ministry

-- Govt should not be in the airlines' business

-- There is buyers' interest in Air India

-- Cabinet Secy level discussions have taken place for Air India; AI panel to meet soon

-- Will find best deal for Air India

(As reported by CNBC TV18)

Biocon up 3%


NEWS ALERT | Zerodha servers' issue resolved

NEWS ALERT | Employees' union of Muthoot Fin declares indefinite strike in Kerala from Aug 20

-- Employees are unable to open branches because of the threats or forcible closure by the Union

Alert: CITU is the employees' union 

         CITU is Non-Banking & Private Finance Employees Association

        CITU is affiliated to Communist Party of India-Marxist (CPI-M)

         Out of 623 branches in Kerala, 265 were opened for transactions today of which 15 branches have been forcibly closed. Yesterday, 224 branches were opened for transactions of which 47 were forcibly closed.

(VIa BSE Filing)

Nifty sectoral indices at this hour


NEWS ALERT | Cement Cos to up 50-Kg bag price by Rs 40-50 in Andhra & Telangana from Monday: BTVi quoting agencies

-- Ramco Cements, JSW Cement, Sagar Cements, Orient Cement to hike price in Andhra, Telangana
 

NEWS ALERT | DFS Secy likely to hold meeting with PSBs to review steps taken to boost growth: BTVi

-- SBI, IDBI Bank among others likely to be part of the meeting
 
-- May also review recapitalisation requirements of state-run banks

-- DFS Secy may also assess status of banks linking lending rate to repo rate

Alert: DFS is Department of Financial Services

Nifty Private Bank index is trading 1% lower


Balaji Telefilms dips 6%


Lemon Tree Hotels under pressure, tumbles 12% after block deal

Shares of Lemon Tree Hotels tumbled as much as 12 per cent in the intra-day trade to quote at Rs 50 apiece on the BSE on Thursday after more than 30 million equity shares of the company changed hands via block deals.
 
Around 31 million shares, representing 7 per cent of the total equity of Lemon Tree Hotels, changed hands on the BSE, the exchange data shows. The name of buyers and sellers, however, could not be ascertained immediately. READ MORE

NEWS ALERT | Open to taking small piece of equity in Jet Airways to provide support if required: Anil Agarwal of Vedanta to CNBC TV18

Market check


Market check | Sensex recovers partially


Allahabad Bank trades over 3% lower


NEWS ALERT | Zerodha servers go down for an hour with F&O traders unable to place fresh orders.

-- The outage has hit traders who were carrying positions from previous day and have placed new bets today.

Market check | Sensex down 400 pts


NEWS ALERT | Expect A320 neo engine issue to be addressed in 4-6 months: Arun Kumar, DGCA DG

Alert: A320 neo engines have operational issue
 
         IndiGo and GoAir together operate over 100 neo engine-fitted planes

NEWS ALERT | April-July operating loss at Rs 170 cr vs Rs 802 cr YoY: Air India CMD

--  Co had to face losses of Rs 4 crore a day due to #Pakistan air space closure

-- Current load factor at 82%; yield up 10% YoY in July

Amara Raja dips 5% on reports of Brookfield re-evaluating investment

Shares of Amara Raja Batteries slipped up to 5 per cent to trade at Rs 581 apiece on the BSE on Thursday after reports suggested global asset management company Brookfield was reconsidering its investment in the auto equipment company. The stock of auto ancillary company was trading close to its 52-week low price of Rs 573 touched on June 20, 2019 in intra-day trade. READ MORE

Market falls even further


SBI dips 2%, trades near day's low


NEWS ALERT | Results and guidance from IT companies have been positive: NASSCOM

-- If there is a recesion, it would benefit IT companies

Rupee check


Contributions to S&P BSE Sensex's fall today


Sun Pharma gains 5% as Sebi finds no merit in allegation of fraud

Shares of Sun Pharmaceutical Industries rallied 5 per cent to Rs 432 apiece in the early morning trade on the BSE on Thursday on reports that the market regulator Securities and Exchange Board of India (Sebi) has found no merit in the allegations of fraud against the company. At 10:16 am, Sun Pharma was trading 3 per cent higher at Rs 425, and was the top gainer among the S&P BSE Sensex pack. READ MORE

BLOCK TRADE ALERT | 5.3 cr shares (6.7% equity) of Lemon Tree Hotels exchanged on NSE


Most active stocks by volume

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%)
YES BANK 55.60 59.30 55.20 -3.90 -6.55
VODAFONE IDEA 5.06 5.26 4.93 0.05 1.00
REL. COMM. 0.89 0.92 0.89 -0.04 -4.30
SUZLON ENERGY 3.80 4.13 3.72 -0.37 -8.87
TATA MOTORS 116.65 118.45 113.65 0.30 0.26
DEWAN HSG. FIN. 48.10 49.10 47.20 -0.20 -0.41
DISH TV 22.50 23.30 22.05 -0.50 -2.17
POWER GRID CORPN 204.80 206.90 204.20 -0.90 -0.44
RBL BANK 321.85 332.70 304.85 8.20 2.61
INDIABULLS HOUS. 425.95 442.75 421.10 -31.10 -6.80

CG Power Board to remove Gautam Thapar as chairman with immediate effect


Market check


Stocks can't keep defying slowdown as govt steps fail to convince investors

Investors are finding government steps to lift India’s sagging growth to be too little, too late. A three-day rally in stocks faded Wednesday after a gauge showed weakness in the country’s economic activity worsened last month. The lingering pain raised doubts about the effectiveness of the steps announced Friday to spur growth. READ MORE

Vedanta up 2%


India Tourism Development Corp gains 5%


Market check | Sensex volatile


Indiabulls Housing slumps 8%, hits 52-wk low on Nifty rejig; Nestle up 3%

Shares of Indiabulls Housing Finance cracked 8 per cent on the National Stock Exchange (NSE) in Thursday's early morning trade after it was announced that the company will be excluded from the benchmark index Nifty50, with effect from September 27. The stock has fallen below its previous low of Rs 425 hit on August 8 in intra-day trade.
 
The troubled non-banking finance company will be replaced by the multinational fast-moving consumer goods company Nestle India in the broader index. READ MORE

EID Parry adds nearly 3%


Market check | Sensex recovers partially


Momentum picks by ICICI Securities


NEWS ALERT | Relaxation in FDI norms can be a potential medium-term growth driver: UBS to CNBC TV18

United Spirits dips 2%


Tyre stocks trade under pressure

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%)
APOLLO TYRES 170.85 171.30 167.75 2.55 1.52
JK TYRE & INDUST 56.90 58.00 56.50 -0.45 -0.78
BALKRISHNA INDS 743.60 745.30 741.00 -1.15 -0.15
CEAT 908.00 911.45 900.55 -3.60 -0.39
GOVIND RUBBER 2.00 2.00 2.00 -0.03 -1.48
MRF 57589.00 57938.90 57589.00 -416.05 -0.72

DHFL dips 1%


ICICI Prudential Life Insurance trades over 1% higher in a weak market


MOIL slips in trade


Sugar stocks rally as govt announces subsidy for export of 6 million tones of sugar

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%)
BAJAJ HINDUSTHAN 5.61 5.72 5.56 0.19 3.51
BALRAMPUR CHINI 133.00 134.20 130.80 3.60 2.78
DHAMPUR SUGAR 152.65 153.50 150.50 3.30 2.21
KCP SUGAR &INDS. 13.30 13.30 12.80 0.63 4.97
SH.RENUKA SUGAR 7.14 7.20 6.90 0.35 5.15
DWARIKESH SUGAR 23.90 25.40 23.15 0.50 2.14
KM SUGAR MILLS 6.96 7.01 6.96 0.16 2.35
TRIVEN.ENGG.IND. 55.75 55.90 55.00 1.25 2.29
UTTAM SUG.MILLS 112.00 112.90 109.70 3.30 3.04
UGAR SUGAR WORKS 12.75 12.90 12.72 0.21 1.67

Nifty Auto index turns green


Wockhardt slips after India Ratings revises Co's short-term bank facilities/commercial paper ratings


HCL Tech dips in early trade


ITC trades lower


CG Power gains nearly 5%


J&K Bank slips over 4%


Muthoot Finance dips over 3%


Rupee opens 13 paise lower at 71.90 against US dollar amid weak global cues

The rupee on Thursday opened 13 paise lower at 71.90 against the US dollar amid weak global cues.
 
The domestic unit on Wednesday lost 29 paise to close at 71.77 as fears of an impending global recession prompted investors to stick to safe-haven assets like the Japanese yen. READ MORE

Indiabulls Ventures trades lower


Piramal Enterprises dips over 2%

-- Co has deferred debentures worth Rs 3,000 crore. 
 

Market check


Market check


Dixon Technologies gains on Cabinet decision to ease rules for single-brand retail


Balrampur Chini Mills gains over 3%


Jet Airways gains 5%


Coal India trades lower


Sun Pharma gains on Sebi's clean chit in fraud case


Lakshmi Vilas Bank tumbles 5% after MD/CEO resigns


Indiabulls Housing Fin tanks 7% after NSE decides to drop it from Nifty


Nestle India gains 3% after NSE announces Co's inclusion in Nifty


Sectoral trends at NSE during Opening trade


Top gainers and losers on S&P BSE Sensex during Opening trade


Market at Open


Market at Open


Coal India tanks 10% after Cabinet allows commercial coal mining


Top gainers and losers on S&P BSE Sensex during Pre-open


Market at Pre-open


Rupee opening

Rupee opens lower at 71.90/$ vs Wednesday's close of 71.77 against the US dollar

Market at Pre-open


RBI may drop dividend next year, likely to have changed methodology

The Reserve Bank of India (RBI) may have changed its valuation methodology for its foreign exchange gains generated through interventions, as well as done away with provisioning requirements, to enable higher transfer of surplus in the 2017-18 fiscal, analysts say. The methodology change has been long time coming, but could have been completed this year. READ MORE

Toyota, Suzuki enter into capital alliance amid a shake-up in auto industry

Strengthening their existing collaboration to develop futuristic technologies, Japanese automobile majors Toyota Motor Corp and Suzuki Motor Corp on Wednesday announced a “capital alliance” for equity investment into each other. While Toyota will acquire 4.94 per cent shares of Suzuki, worth $908 million, the latter will make a $454-million investment in the biggest automaker of Japan. READ MORE

Cabinet approves Rs 6,268 crore export subsidy for 6 mn tonnes of sugar

To absorb the surplus sugar, the Cabinet on Wednesday approved an export subsidy of Rs 10.44 per kg. This would enable mills to ship around six million tonnes (mt) of the sweetener in the coming season that starts from October.
 
The subsidy, which is expected to cost the exchequer almost Rs 6,268 crore, will give an additional cash flow to the tune of around Rs 18,000 crore to mills and help them clear cane dues. According to the government, the subsidy will be credited to bank accounts of farmers against cane price dues and are compliant with WTO norms. READ MORE

SBI economists slam 'intelligentsia' for 'misunderstanding' RBI autonomy

In a note prepared in the context of the Bimal Jalan committee report which cleared transfer of Rs 1.76 trillion of its surpluses to the government, the economists said fears of "heavens falling" stoked by the "scholars" have been given a burial by the panel's recommendations.
 
Stating that the Rs 52,000-crore surplus payout is much lower than the estimates, the economists said, "the questions on the central bank are often misunderstood". READ MORE

After corporate debt, retail loans face stress amid unemployment, slowdown

Credit analysts are keeping a watchful eye on signs of stress in Indian household debt after unemployment rose to a 45-year high and as lenders grapple with the worst soured debt levels of any major economy.
 
India’s bad debt malaise has centered on corporate debt, and loans to individuals have been seen as safer and a growth opportunity for banks. Given the slowdown in the economy and a drying-up of credit from shadow banks, analysts are signaling potential risks, though publicly available data on personal loan arrears is sparse. READ MORE

CAG raises concerns over burgeoning costs of NHAI's projects, cautions govt

The Comptroller and Auditor General of India (CAG) has sought the cost audit of national highway projects as it feels expenses are rather high. It has said the government should curtail its debt-raising measures.
 
According to an official in the know, the CAG has raised concerns over the burgeoning costs of the National Highways Authority of India’s (NHAI’s) projects. It has alerted the Ministry of Finance, saying the NHAI’s borrowings are also the government borrowings and should be accounted for accordingly. READ MORE

High price of gold poses systemic risk for jewellers who avail loan

Soaring gold prices may have raised value of the existing inventory of the bullion jewellery, but pose a systemic risk for medium- and large-sized jewellers, who avail gold loan from lenders and will be now required to pay the mark-to-market margin. Since the fresh sale of jewellery is quite low, they are forced to use the money collected through investors’ monthly deposit scheme for paying margin. READ MORE

Expert Comment :: Shyam Sekhar on heavy trading by Mutual Funds

Stocks to watch: Lakshmi Vilas Bank, Nestle, Indiabulls Hsg Fin, Sun Pharma

Here's a list of counters that may trade actively in today's trading session -
 
Nestle, Indiabulls Housing Finance: Nestle India will be included in the Nifty a month from now. The company is set to replace troubled NBFC Indiabulls Housing Finance in the broader index. 

Sun Pharma: A preliminary enquiry by the Securities and Exchange Board of India (Sebi) has found no merit in allegation of violation of securities laws, levelled by a whistleblower, against pharmaceutical major Sun Pharmaceutical Industries, Business Standard reported citing sources.
 
Lakshmi Vilas Bank: The private sector lender's MD & CEO Parthasarathi Mukherjee announced resignation on Wednesday, citing personal reasons. READ MORE

FDI norms eased for single brand retail, digital media, manufacturing

The Union Cabinet on Wednesday relaxed the rules for single-brand retail, more than seven years after the foreign investment cap was removed for the segment to attract marquee foreign brands such as Gucci, Louis Vuitton, Ikea and others into the country. The latest government move is in line with the recent Budget announcements on FDI changes. READ MORE

Silver catching up with gold rally, price spike sharply in global market

Silver prices reached a three-year high at the spot market here, closing 3.7 per cent higher at Rs 46,840 a kg, the highest since September 2016.
 
The metal has given a 29.5 per cent return in three months. On the Multi Commodity Exchange, the September silver contract which expires next week is trading at Rs 46,600 a kg. The December contract has reached Rs 48,000 a kg. READ MORE

Lakshmi Vilas Bank MD & CEO Parthasarathi Mukherjee announces resignation

Even as the Reserve Bank of India is yet to take a call on Indiabulls Housing Finance's plans to merge with Lakshmi Vilas Bank, the mid-sized private sector lender on Wednesday announced the resignation of its chief executive officer Parthasarathi Mukherjee.
 
Mukherjee quit citing personal reasons, the bank informed the bourses late in the evening. Mukherjee, who had served the larger rival Axis Bank before joining the Tamil Nadu based bank in 2015, was given a two-year extension this January.

Beating benchmark indices has been a challenging task: Vetri Subramaniam

The spike in volatility isn’t really concerning but generating alpha has become more challenging than in the past, says Vetri Subramaniam, head of equity at UTI AMC. In an interview to Samie Modak, Subramaniam shares his view on economic slowdown, valuations and the best investment category. Edited excerpts: How are you keeping your calm in these volatile times? The volatility that we are seeing isn’t exceptional. READ FULL INTERVIEW HERE

Britannia back on investors' radar after sharp correction in past 3 months

After a sharp correction in the past three months, some factors currently seem to support Britannia Industries’ stock, in which investor sentiment is reviving.
 
The stock has gained about seven per cent in the last two trading sessions, sharply outperforming the Nifty FMCG index that inched up 0.4 per cent during the same period. The recent trigger is led by reports suggesting that good demand for cookies, at a time the biscuit industry is facing slower growth, could augur well for the company, which has an estimated 25-30 per cent revenue share of this segment. READ MORE

Low dollar returns add to FPIs' woes; Dollex up just 39.8% since March 2014

The Sensex has risen 67.3 per cent since March 2014. The Dollex — which measures Sensex returns in dollar terms — has risen just 39.8 per cent. The fall in the rupee, from 59.89 in March 2014 to its current levels of 71.77, has taken away much of the gains that foreign investors would have otherwise made.
 
In fact, dollar returns over the longer term are even more abysmal. The Dollex is currently trading at 1.8 per cent lower than its pre-2008 crisis high. READ MORE

OMCs bounce back to sweet spot as crude oil prices slip, GRMs improve

The share prices of public sector oil-marketing companies (OMCs) such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), and Indian Oil Corporation (IOC), which had declined more than 30 per cent since their early-June highs, are now seen bouncing back.
 
The declining crude oil prices, improving gross refining margins (GRMs), and a decent outlook for marketing margins (earned by retailing fuel such as petrol, diesel, etc) bode well for the OMCs and their earnings. READ MORE

Nestle India set to replace Indiabulls Housing in Nifty next month

Nestlé India will be included in the Nifty a month from now. The multinational company is set to replace troubled NBFC Indiabulls Housing Finance in the broader index.
 
Analysts believe the change, effective from September 27, will trigger buying worth over Rs 900 crore in Nestlé India by exchange-traded funds (ETFs).
 
Indiabulls Housing could see ETF selling of above Rs 300 crore, further weighing on its stock price that has already fallen nearly 50 per cent this year. READ MORE

Sebi inquiry clears Sun Pharma, finds no merit in allegations of fraud

A preliminary enquiry by the Securities and Exchange Board of India (Sebi) has found no merit in allegation of violation of securities laws, levelled by a whistleblower, against pharmaceutical major Sun Pharmaceutical Industries, said two persons aware of the matter. READ MORE

Bulk deals on BSE as on Wednesday

Bulk deals on NSE as on Wednesday

FII/FPI & DII trading activity on NSE, BSE and MSEI


Rupee Check

Source: Bloomberg


Oil Check

At 8:00 am, Brent Crude Futures were at $59.59 per barrel

SGX Nifty

At 8:00 am, the Singaporean Exchange for Nifty Futures was trading 29 points lower at 11,018 level, indicating a flat to negative start for domestic indices

Asian Market Check

Source: Reuters


US Market Check

Source: Reuters


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