Equity MRK
Friday, September 21, 2018   
Adani Ports  362.00    (-2.94%)
Asian Paints  1303.10    (1.07%)
Axis Bank  599.40    (-1.61%)
Bajaj Auto  2795.65    (0.01%)
Bharti Airtel  372.40    (0.73%)
Coal India  275.65    (-1.75%)
H D F C  1835.25    (0.22%)
HDFC Bank  1968.85    (0.35%)
Hero Motocorp  3165.70    (0.74%)
Hind. Unilever  1621.65    (-1.65%)
ICICI Bank  317.80    (-0.95%)
IndusInd Bank  1761.70    (-2.38%)
Infosys  706.30    (-1.96%)
ITC  303.75    (1.37%)
Kotak Mah. Ban...  1179.65    (-3.86%)
Larsen & Toubr...  1331.75    (-0.04%)
M & M  957.20    (1.05%)
Maruti Suzuki  8039.55    (-2.04%)
NTPC  167.35    (-1.03%)
O N G C  180.10    (1.95%)
Power Grid Cor...  200.20    (1.03%)
Reliance Inds.  1216.85    (0.54%)
St Bk of India  270.05    (-0.50%)
Sun Pharma.Ind...  635.50    (-1.82%)
Tata Motors  250.20    (-0.99%)
Tata Motors-DV...  131.85    (-3.79%)
Tata Steel  624.55    (0.66%)
TCS  2103.80    (1.30%)
Vedanta  229.70    (-0.13%)
Wipro  337.35    (1.38%)
Yes Bank  227.05    (-28.71%)
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Pre Session Commentary
You are here : Equity | News | Pre Session Commentary
Shares may extend losses
(08:00, 06 Jul 2018)

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 37 points at the opening bell on negative Asian cues. Investors may act cautious ahead of a US deadline to impose tariffs on Chinese imports on Friday.

Overseas, most Asian stocks declined, with investors bracing for developments on the trade front as markets awaited tariffs from the US and China to take effect later on Friday. The US is set to impose a 25% tariff on $34 billion worth of Chinese goods from more than 800 product categories. China has also announced that it will retaliate with duties on the same value of US products.

Trump on Thursday reportedly said an additional $16 billion of Chinese products will be subject to tariffs in two weeks, also adding that he was considering more duties on $500 billion in Chinese goods.

US stocks settled higher on Thursday, in a broad rally that was led by the technology sector. The minutes from the US Federal Reserve June policy meeting were in line with market expectations for further interest rate increases this year. US central bankers expressed concerns global trade tensions could hit an economy that by most measures looked strong.

On the US data front, the private sector added 177,000 jobs in June, according to the ADP employment report. Separately, initial jobless claims rose by 3,000 in the latest week, although they remained near multi-decade lows. The final Markit services purchasing managers index for June came in at 56.5, compared with 56.8 in May. The Institute for Supply Management's non-manufacturing index for the same month came in at 59.1 from the previous month's reading of 58.6. A reading of at least 50 signals improving conditions.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 159.37 crore yesterday, 5 July 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 296.97 crore yesterday, 5 July 2018, as per provisional data.

Key benchmark indices settled with modest losses yesterday, 5 July 2018, as gains in index heavyweight ITC helped cushion steep losses triggered by slide in index heavyweights Infosys and Reliance Industries. The barometer index, the S&P BSE Sensex, fell 70.85 points or 0.20% to settle at 35,574.55. The Nifty 50 index fell 20.15 points or 0.19% to settle at 10,749.75.

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