Jet Airways, InterGlobe Aviation, SpiceJet, JK Paper and Alkem Labs were down up to 4 percent while REC, Adani Transmission, Avenue Supermarts, Shoppers Stop and DHFL gained 1-6 percent.
9:40 am Rail merger: German industrial group Siemens is likely to decide today to pursue a multibillion-dollar rail merger with French rival Alstom rather than Canada's Bombardier , two sources familiar with the matter told Reuters.
The three major train and rail technology groups active in Europe have been looking at combining their businesses as larger Chinese state-backed rival CRRC embarks on a global expansion drive.
"I think Alstom will make it," one of the people said on Monday. The second person said Siemens' supervisory board would decide the matter on Tuesday, also describing Alstom as the frontrunner.
The three major train and rail technology groups active in Europe have been looking at combining their businesses as larger Chinese state-backed rival CRRC embarks on a global expansion drive.
"I think Alstom will make it," one of the people said on Monday. The second person said Siemens' supervisory board would decide the matter on Tuesday, also describing Alstom as the frontrunner.
9:35 am Aviation stocks under pressure: SpiceJet and Jet Airways fell 3 percent each after Brent crude oil prices fell 3.8 percent yesterday but rebounded with mild gains today.
9:30 am RBI on NBFCs: Banks can no longer hold more than a 10 percent stake in a deposit taking non-banking finance company, with the exception of lenders owning equity in housing finance companies, and also regulated their commodity derivatives play, according to a Reserve Bank of India circular.
In amendments to the Master Direction - Reserve Bank of India (Financial Services provided by banks) Directions, 2016, the central bank said banks should not invest more than 10 percent of the unit capital of a real estate investment trust (ReIT) or an infrastructure investment trust (InvIT) subject to overall ceiling of 20 percent of its net worth.
9:25 am Asia growth: Developing Asia is on track to grow faster this year and next, the Asian Development Bank said today, buoyed by a pick-up in world trade and China's expansion, but it flagged risks from tightening US monetary policy.
Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively, the Manila-based lender said.
That is unchanged from its July estimates, but higher than the 5.7 percent forecast it gave for both years in its Asian Development Outlook (ADO) released in April.
9:20 am Market Outlook: Aditya Agarwal of Way2Wealth Brokers said being the expiry week, high volatility is expected in coming trading session and traders are advised to keep strict stop losses in short-term trading positions.
"For the current week, we maintain cautious view and believe that 10,180 to 10,250 range will act as a strong hurdle and it will be a daunting task for bulls to surpass this zone immediately," he said.
On the lower side, 9,740 will act as an immediate support whereas the strong support placed at 9,685. Any break below this level will confirm the medium-term downtrend.
9:15 am Market Check: Equity benchmarks opened flat on Tuesday after witnessing sharp fall in previous two sessions, and ahead of expiry of September derivative contracts.
The 30-share BSE Sensex was down 8.55 points at 31618.08 and the 50-share NSE Nifty gained 6.90 points at 9,879.50.
Lupin, ONGC, Power Grid and Sun Pharma were early gainers.
Nifty Midcap was up 0.1 percent. Jet Airways, InterGlobe Aviation, SpiceJet, JK Paper and Alkem Labs were down up to 4 percent while REC, Adani Transmission, Avenue Supermarts, Shoppers Stop and DHFL gained 1-6 percent.
The Indian rupee hit a six-month low, opening lower by 14 paise at 65.24 per dollar today versus 65.10 on Monday.
Asian markets were pressured, following declines on Wall Street overnight, as the war of words between North Korea and the US escalated.
We Are SEBI Registered and ISO Certified Investment Advisor, We Are
Providing 2 day’s free trial in all segments like Equity, Commodity And
Forex, We also Provides services for Stock Investing Tips Stock market tips, HNI Tips
Intraday Tips and many more tips regarding Share market Services. For
More Details Call us On +91-8109999233, or Go through this link http://bit.ly/2t5Gmcv and register now free.
No comments:
Post a Comment