MARKETS LIVE: Indices to remain cautious ahead of June F&O expiry

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SI Reporter | New Delhi Last Updated at June 27, 2018 08:31 IST

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SGX Nifty Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 17.5 points or 0.16 per cent. Nifty futures were trading around 10,743-level on the Singaporean Exchange. Asia shares subdued in early trade Asian shares were subdued on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment, while oil held hefty gains as the United States pressured allies to stop buying Iranian crude. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.05 per cent after touching a two-year trough on Tuesday. Japan's Nikkei has been faring better and was all but flat in early trade. Wall Street rebound as trade worries ease US stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on spiraling global trade tensions. The Dow Jones Industrial Average rose 30.31 points, or 0.12 per cent, to 24,283.11, the S&P 500 gained 5.99 points, or 0.22 per cent, to 2,723.06 and the Nasdaq Composite added 29.62 points, or 0.39 per cent, to 7,561.63. Good Morning! Welcome to market's live blog. Catch all live market action here

Markets will react to various global cues - oil prices and trade tensions between US and China, ahead of June F&O expiry.

Back home, a sharp correction in small-cap stocks over the past few months has pushed 430 actively traded stocks on the Bombay Stock Exchange (BSE) below their respective face value, as compared to 336 scrips at the beginning of calendar year 2018 (CY18).

Gitanjali Gems, Videocon Industries, Jai Balaji Industries, GTL, Orchid Pharma, IVRCL and Jaypee Infratech are some of the prominent stocks quoting below their respective face value.

Globally, Asian shares were subdued on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment, while oil held hefty gains as the United States pressured allies to stop buying Iranian crude.

MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.05 per cent after touching a two-year trough on Tuesday. Markets have been pressured by sharp losses in China, where blue chips were near 13-month lows.

Japan's Nikkei has been faring better and was all but flat in early trade.

(WIth inputs from Reuters)

First Published: Wed, June 27 2018. 08:15 IST