Indian stock markets and the rupee are likely to open lower for a third consecutive day. Nifty futures on the Singapore Exchange (SGX) pointed to over 60 point cut on Tuesday. The rupee is poised to hit another record low high at open with non-deliverable forward (NDF) rates signalling the currency may test Read More
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Indian stock-index futures dropped after the nation’s currency sank to a record low, with the benchmark equity index poised to enter a technical correction. SGX CNX Nifty Index futures for August delivery fell 0.8 percent to 5,368 at 10:12 a.m. in Singapore. The underlying CNX Nifty (NIFTY) Index tumbled 1.7 percent to 5,414.75 yesterday, the Read More
Capital goods shares plunge, BHEL at 8-year low BHEL,L&T, Punj Lloyd, Jindal Saw, Crompton Greaves, Suzlon Energy and Bharat Electricals are down 2-8% on BSE. GMR Energy to float Rs 1,000-cr public offer GMR Infra’s net loss widens GMR Read More
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
Capital goods shares plunge, BHEL at 8-year low BHEL,L&T, Punj Lloyd, Jindal Saw, Crompton Greaves, Suzlon Energy and Bharat Electricals are down 2-8% on BSE.
Indian stock-index futures dropped amid a second day of losses in Asian equities. Local exchanges reopen after a public holiday yesterday. SGX CNX Nifty Index futures for August delivery fell 0.9 percent from the close on Aug. 14 to 5,702 at 9:54 a.m. in Singapore. Futures dropped 0.6 percent from yesterday. The underlying CNX Nifty 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 …