Reuters Market Eye – Foreign institutional investors (FIIs) extend selling in index futures for a fourth day on Friday, totalling sales of 20.63 billion rupees, indicating they are bracing for lower levels in cash shares in the near term, dealers say. Derivatives analysts say the rise in outstanding positions in index futures, coupled with a Read More

Indian stocks dropped, led by the biggest two-day plunge in banks since the global financial crisis, amid concern that policy makers will sacrifice economic growth as they seek to stem the rupee’s slide to a record. State Bank of India lost 1.7 percent and ICICI Bank Ltd. (ICICIBC) slumped 3.3 percent. The 13-member S&P BSE Read More

Aug 19 (Reuters) – GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange (SES: S68.SI – news) down 0.76 percent and the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan falls 0.15 percent. * Asian markets face a tense few days waiting to see if minutes of the Federal Reserve’s last policy Read More

I am short on Future Retail August futures at Rs 84 and Coal India at Rs 260 and also holding a long position on Bank Nifty futures at 9505. Kindly advice. — Amit Future Retail: The outlook remains negative for Future Retail. It finds support at Rs 69 while resistance appears at Rs 88. The Read More

Canara Bank in talks with Capital First, other NBFCs to buy more retail loans Canara Bank is in talks with a number of NBFCs, including Capital First, Bajaj Finserv and Indiabulls Finance, to buy a part of their retail …

Indian stocks swung between gains and losses. Tata Steel Ltd. (TATA) jumped to a one-month high after profit surged, while Financial Technologies India Ltd. (FTECH) plunged to the lowest level in nine years. Tata Steel, India’s biggest producer, advanced 5.1 percent, the biggest gainer on the benchmark S&P BSE Sensex Index. Tata Motors Ltd. (TTMT), Read More

Indian stock-index futures gained after data showed inflation cooled and the government announced additional measures to trim the current-account deficit and support the rupee. SGX CNX Nifty Index futures for August delivery rose 0.2 percent to 5,607 at 10:12 a.m. in Singapore. The underlying CNX Nifty Index climbed 0.8 percent to 5,612.40 yesterday. The S&P Read More