Indian shares are likely to start on a slightly weak note on Tuesday as investors remain cautious due to disappointing June-quarter earnings. The benchmark indices ended lower on Monday, with the Sensex ending 306 points lower at 38,031, while the broader Nifty50 losing 82 points to end at 11,337. At 7.10 AM, the SGX Nifty futures traded 8 points or 0.07 percent lower at 11,346.50, indicating a weak-to-flat start for the Sensex and the Nifty 50.
1. Asia: Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.02 percent. Japan’s Nikkei rose 0.25 percent. Australian stocks added 0.15 percent and South Korea’s KOSPI gained 0.2 percent.
2. US: The S&P 500 climbed towards a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. The Dow Jones Industrial Average rose 0.07 percent to end at 27,172.04 points, while the S&P 500 gained 0.28 percent to 2,985.02. The Nasdaq Composite added 0.71 percent to 8,204.14.(Image: Reuters)
4. Currency: In currency markets, the dollar index against a basket of six major currencies inched up 0.05 percent to 97.314. The Indian rupee increased 0.11 paise or 0.16 percent to Rs 68.91 on Monday. (Image: Reuters)
5. Crude Oil: Crude oil prices slipped, losing momentum after two days of large gains generated by heightened tensions in the Middle East. US crude futures were down 0.2 percent at $56.11 per barrel after gaining 0.1 percent overnight on concerns over possible supply disruptions after Iran’s seizure of a British tanker late last week. Brent crude was flat at $63.26 after rising 1.2 percent the previous day. (Image: AP)
6. SEBI’s New Insider Trading Norms: Listed companies, intermediaries and fiduciaries who handle unpublished price-sensitive information (UPSI) are required to maintain a digital database of persons and entities with whom such details are shared, regulator Sebi has clarified. (Image: Reuters)
7. NCLT Order On IFIN Auditors: The National Company Law Tribunal (NCLT) on Monday reserved its order in the Ministry of Corporate Affairs’ (MCA) plea seeking five-year ban for IL&FS Financial Services auditors – Deloitte and BSR Associates. (Image: Reuters)
8. BSE Pact With Shanghai Stock Exchange: Leading stock exchange BSE Monday said it has signed a pact with Shanghai Stock Exchange to co-operate and enhance understanding of activities in each other’s market. (Image: Reuters)
9. Investors’ Wealth On Monday: Investor wealth plunged over Rs 4 lakh crore in three days of market fall amid weak global trends and muted domestic sentiments. Stock markets extended their losses for a third straight day with cumulative losses of 3.05 percent or 1,184.15 points since July 18. Led by losses in the equity market, the market capitalisation of the BSE-listed companies eroded by Rs 4,37,602.4 crore to Rs 1,44,76,204.02 crore in three days. (Image: Reuters)