Indian Indices:
Indian equity benchmarks are likely to open on subdued note on Monday, tracking weakness in fellow Asian peers after the Italian Prime Minister Matteo Renzi resigned on Sunday after the Italians voted No for the constitutional amendment referendum.
Bearish trend in the SGX Nifty Index Futures for December delivery which were trading at 8,157.50, down by 7.00 points or 0.09 per cent, at 11:05 AM Singapore time, signal that the Sensex may open lower today.
The Indian benchmark indices ended on bearish note for the second straight session on Friday, dragged by auto, financials, consumer durables and FMCG stocks, tracking weakness in fellow Asian peers.
The market witnessed broad-based selling as investors remained wary ahead of ahead of US job data.The 30-share benchmark index closed trade at 26230.66, down by 329.26 points or by 1.24 per cent, and the NSE Nifty ended at 8086.8, down by 106.1 points or by 1.3 per cent.
Global Market:
U.S. equity index futures fell on Sunday after a stinging defeat for Italian Prime Minister Matteo Renzi, who said he would resign following a referendum over his proposals for constitutional reform.
In Asia, Australia reports business inventories for the third quarter with a 0.2% gain seen. In China, the Caixin services PMI is due with a level of 52.7 expected for November, up from 52.4 the previous month.
SINGAPORE/SYDNEY - The euro was under the gun on Monday, skidding to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country's shaky banking system.
European markets also had a lackluster session, with the STOXX 600 (STOXX) down 0.3 percent at the close after pulling back from the previous session's three-week high.
Major Headlines of the day:
• Capital Goods and Engineering Q2FY2017 earnings review
• India's Trade Deficit with China gains to $53 bn in 2015-16
• Cement Sector Update - Q2FY2017 earnings review
• Fiscal deficit for April-October widens marginally
• Q2 FY17 GDP growth at 7.3% vs 7.6% YoY
Trend in FII flows: The FIIs were net buyers of Rs -190.52 Cr in the cash segment on Friday while the DIIs were net sellers of Rs -418.58 Cr, as per the provisional figures.
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