Domestic equity market benchmarks, after rising on first day of the June F&O series, are now looking to start in the negative territoryShare Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks, after rising on the first day of the June F&O series, are now looking to start in the negative territory. SGX Nifty was down 56 points or 0.36 per cent at 15,436.50 on Singaporean Exchange on Monday morning hinting at a gap-down start for Sensex and Nifty. The 30-stock BSE Sensex ended Friday’s trading session up 308 points at 51,423, while the broader Nifty 50 made a record closing at 15,446.90. Stock markets in Asia were trading in the negative territory on Monday morning with Japan’s Nikkei 225 falling 0.71 per cent while the Topix index fell over half a per cent. South Korea’s Kospi edged 0.14 per cent lower. However, US stocks climbed on Friday as both the Dow and S&P 500 indexes clinched their first weekly gain in the past three weeks. The Dow Jones Industrial Average rose 0.19 per cent, the S&P 500 gained 0.08 per cent, and the Nasdaq Composite added 0.09 per cent.
The National Statistical Office (NSO) will release the GDP growth estimates for the January-March quarter of FY21, and the provisional annual estimates for the year 2020-21 on May 31, 2021. The May 20-27 poll conducted by news agency Reuters with 29 economists showed that the economic outlook was lowered to 21.6 per cent annually, and to 9.8 per cent on average for this fiscal year, down from 23 per cent and 10.4 per cent respectively a month ago. The economy was then forecast to grow 6.7% next fiscal year, compared to 6.5% predicted previously.
Highlights
Commodity prices traded higher during the week passed by with Bullion prices extended weekly gains after witnessing a minor correction in mid-week. Base metals complex edged higher recovering from recent lows on higher demand optimism. Crude oil prices rallied by more than 4% following strong US economic data.
Read full story
BSE-listed companies such as Chemcon Speciality Chemicals, Aurobindo Pharma, Honeywell Automation India, Jamna Auto Industries, JBF Industries, Kolte-Patil Developers, Lloyds Steels Industries, Magma Fincorp, Man Industries, Marksans Pharma, Narayana Hrudayalaya, Prakash Industries, Rupa & Company, Shilpa Medicare, Uttam Galva Steels, Vascon Engineers, and Venus Remedies, among others will release their Jan-Mar quarter earnings on May 31.
Read full story
Foreign portfolio investors (FPI) turned out to be net sellers for second month in a row by taking out nearly Rs 1,730 crore from Indian markets in May as second wave of the coronavirus pandemic spooked investor sentiment.
Read full story
US stocks climbed on Friday as both the Dow and S&P 500 indexes clinched their first weekly gain in the past three weeks. The Dow Jones Industrial Average rose 0.19 per cent, the S&P 500 gained 0.08 per cent, and the Nasdaq Composite added 0.09 per cent.
Stock markets in Asia were trading in the negative territory on Monday morning with Japan’s Nikkei 225 falling 0.71 per cent while the Topix index fell over half a per cent. South Korea’s Kospi edged 0.14 per cent lower.
India’s economic outlook has weakened again, albeit slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be much deeper, stoking fears the job crisis may worsen over the coming year, a Reuters poll found. Renewed restrictions to curb the current coronavirus wave have stalled economic activity, leaving many millions out of work and pushing economists – who have broadly been bullish – to downgrade their views for the second time since early April.
Read full story