SGX Nifty indicates 200 points decline for Nifty
May 11, 2021
Four day rally may take a pause on weak global cues
Indian markets are expected to open bearish on Thursday, amidst concern over Covid impact and weak global cues. The SGX Nifty, which currently rules at 14,783 (8 am IST) on the Singapore Stock Exchange, indicates at least 200 points gap-down opening for Nifty futures, which on Monday closed at 14,984.65
The US markets, after opening on a firm note on Monday failed to sustain the gains and closed in the red. The Dow Jones Industrial Average slipped marginally, while S&P 500 and Nasdaq crashed over 1 per cent and 2 per cent respectively. Tracking the US markets, the Japan’s Nikkei is down 2.5 per cent in early trade on Tuesday. Other markets such as Korea, Australia, Taiwan and China are down between 0.8 per cent and 1.5 per cent.
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NEW DELHI: Nifty futures on the Singapore Exchange traded 135 points, or 0.91 per cent, higher at 15,003.50 signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today s trade:
Q4 earnings: Zydus Wellness, Intellect Design Arena, HFCL: Zydus Wellness, Intellect Design Arena, Chambal Fertilizers & Chemicals, HFCL, Venky s (India), Paushak, HSIL, Satia Industries, PPAP Automotive, Oriental Aromatics, JMC Projects (India), Sangam Renewables, are among companies that will announce their March quarter results today
Ultratech Cement: The Aditya Birla Group firm reported a 45.2 per cent decline in consolidated net profit to Rs 1,774.13 crore for the fourth quarter ended March 2021 on account of reversal of deferred tax liabilities. The leading cement producer had posted a net profit of Rs 3,236.85 crore in the January-March quarter a year ago, it said in a BSE filing.
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NEW DELHI: Dalal Street looks set to kick off the new week on a positive note, even though there is no slowdown in Covid infections and localized curbs by many states continue. US markets closed at records highs on Friday and major Asian Indices traded in the green this morning.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 135 points, or 0.91 per cent, higher at 15,003.50 signaling that Dalal Street was headed for a positive start on Monday.
Tech View: Nifty formed Doji on Friday
Nifty50 on Friday breached the 14,800 level and, in the process, decisively took out the 50-day moving average. The index formed a Doji candle on the daily chart, as it closed almost where it had opened. On the weekly scale, Nifty formed a long bullish candle, suggesting positive sentiment in the market.
Nifty may kiss 15000 again
May 10, 2021
Positive global cues lift sentiment
Indian markets are expected to open higher on Monday, thanks to positive global cues. The SGX Nifty, which currently rules at 15,006 (8 am IST) on the Singapore Stock Exchange, indicates at least 130 points gap-up opening for Nifty futures, which on Friday closed at 14,869.55
Following a strong closing at the US on Friday, Asian markets too are ruling on firm ground on Monday. Benchmarks of Japan, Australia and Korea are up in excess of one per cent. Last week, the US indices such as Dow Jones Industrial Average and S&P 500 closed at a record high; even the tech-heavy Nasdaq, which was facing some headwind in recent times, closed with sharp gains on Friday.
Sangam Renewables Limited to change name as Waaree Renewable Technologies Limited equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.