What changed your markets while you were sleeping
ETMarkets.com|
Mar 06, 2018, 08.31 AM IST
Easing fears of possible trade war and the resultant positive trading sentiment in global markets may influence sentiment on Dalal Street on Tuesday.
Let’s check out what all might influence Dalal Street all through the day:
Singapore trading sets stage for positive start
At 7.45 am, Nifty futures on the Singapore Stock Exchange were trading 38 points, or 0.37 per cent, higher at 10398, indicating a positive start for the Nifty50 on Dalal Street.
Nifty50 forms Bearish Belt Hold pattern
The index on Monday declined for the fourth consecutive session. During the four-day 223 points drop, the index slipped below its 100-day moving average but held on to its broader 10,300-10,630 range that technical analysts have been talking of, for some time now. But the 10,300 level would be seen as crucial support and a breach below the important junction would extend the ongoing corrective move towards the ‘200-day SMA’ placed at around 10,140, said Sameet Chavan of Angel Broking.
US stocks climb in overnight trade
US stocks swung higher on Monday as investors said they were expecting U.S. President Donald Trump to back down on his threat to impose hefty tariffs on steel and aluminium imports, Reuters reported. The Dow Jones Industrial Average rose 336.7 points, or 1.37 per cent, to 24,874.76, the S&P500 index gained 29.69 points, or 1.10 percent, to 2,720.94 and the Nasdaq Composite added 72.84 points, or 1 percent, to 7,330.71.
Asian markets up on ease in trade war fears
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent while Japan’s Nikkei jumped 2 per cent, a day after it hit a five-month low, Reuters reported. MSCI’s broadest gauge of the world’s stock markets snapped four-day losing streak on Monday by notching up 0.67 per cent. It added 0.16 percent in Asia on Tuesday.
Rupee edges higher against dollar
Snapping its three-session downtrend, the rupee today managed to end higher by 5 paise at 65.12 against the US currency on fresh bouts of dollar selling by banks and importers amid growing trade war concerns.
Services activity shrinks for first time in 6 months
Services activity in India contracted for the first time in six months in February as rising price pressures led to a decline in new business orders, a private survey showed on Monday. The seasonally-adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest level since August 2017 even as jobs growth quickened to joint-fastest since June 2011.
RInfra slaps Rs 5,440 cr notice on Pipavav ex-promoters
Anil Ambani-led Reliance Infrastructure has slapped a Rs 5,440 crore arbitration notice on the former promoters of Pipavav Defence & Offshore Engineering citing breaches of warranties and representations by them at the time of acquisition. The amount claimed by Reliance Infrastructure is more than double of the Rs 2,000 crore it paid for acquisition of Pipavav Defence & Offshore Engineering in 2015.
Let’s check out what all might influence Dalal Street all through the day:
Singapore trading sets stage for positive start
At 7.45 am, Nifty futures on the Singapore Stock Exchange were trading 38 points, or 0.37 per cent, higher at 10398, indicating a positive start for the Nifty50 on Dalal Street.
Nifty50 forms Bearish Belt Hold pattern
The index on Monday declined for the fourth consecutive session. During the four-day 223 points drop, the index slipped below its 100-day moving average but held on to its broader 10,300-10,630 range that technical analysts have been talking of, for some time now. But the 10,300 level would be seen as crucial support and a breach below the important junction would extend the ongoing corrective move towards the ‘200-day SMA’ placed at around 10,140, said Sameet Chavan of Angel Broking.
US stocks climb in overnight trade
US stocks swung higher on Monday as investors said they were expecting U.S. President Donald Trump to back down on his threat to impose hefty tariffs on steel and aluminium imports, Reuters reported. The Dow Jones Industrial Average rose 336.7 points, or 1.37 per cent, to 24,874.76, the S&P500 index gained 29.69 points, or 1.10 percent, to 2,720.94 and the Nasdaq Composite added 72.84 points, or 1 percent, to 7,330.71.
Asian markets up on ease in trade war fears
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent while Japan’s Nikkei jumped 2 per cent, a day after it hit a five-month low, Reuters reported. MSCI’s broadest gauge of the world’s stock markets snapped four-day losing streak on Monday by notching up 0.67 per cent. It added 0.16 percent in Asia on Tuesday.
Rupee edges higher against dollar
Snapping its three-session downtrend, the rupee today managed to end higher by 5 paise at 65.12 against the US currency on fresh bouts of dollar selling by banks and importers amid growing trade war concerns.
Services activity shrinks for first time in 6 months
Services activity in India contracted for the first time in six months in February as rising price pressures led to a decline in new business orders, a private survey showed on Monday. The seasonally-adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest level since August 2017 even as jobs growth quickened to joint-fastest since June 2011.
RInfra slaps Rs 5,440 cr notice on Pipavav ex-promoters
Anil Ambani-led Reliance Infrastructure has slapped a Rs 5,440 crore arbitration notice on the former promoters of Pipavav Defence & Offshore Engineering citing breaches of warranties and representations by them at the time of acquisition. The amount claimed by Reliance Infrastructure is more than double of the Rs 2,000 crore it paid for acquisition of Pipavav Defence & Offshore Engineering in 2015.
