Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 10 points at the opening bell on negative global cues.
Overseas, Asian stocks fell across the board, tracking declines seen on Wall Street in the previous session. US stocks declined as the yield for benchmark 10-year Treasury note hit the highest level since April 2014 above 2.7%, raising concerns that rising borrowing costs could upend a relentless uptrend for equities. The Dow closed down about 0.7%, the S&P 500 index closed off 0.7%, at 2,853, registering its worst daily fall since August, while the Nasdaq Composite Index closed down 0.5%.
The Federal Open Market Committee (FOMC) of the US Federal Reserve holds its next two-day monetary policy meet on Tuesday, 30 January 2018 and Wednesday, 31 January 2018. The Federal Reserve will announce its interest rates decision on Wednesday. The Fed, in a widely expected move, had raised interest rates by 25 basis points (bps) to a range of 1.25-1.5% in its December monetary policy meeting.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 291.86 crore yesterday, 29 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) purchased shares worth a net Rs 90.08 crore yesterday, 29 January 2018, as per provisional data.
Among corporate news, on a consolidated basis, Wockhardt reported loss after tax of Rs 41 crore in Q3 December 2017, lower than loss after tax of Rs 54 crore in Q3 December 2016. Sales rose 1.01% Rs 1005 crore in Q3 December 2017 over Q3 December 2016. The announcement was made after market hours yesterday, 29 January 2018.
Moil said that the meeting of board of directors of the company will be held on 5 February 2018, to consider the proposal for buy back of the fully paid-up equity shares of the company. The announcement was made after market hours yesterday, 29 January 2018.
IOCL announces Q3 results today, 30 January 2018.
Also Read
Key benchmark indices logged modest gains yesterday, 29 January 2018, after the Economic Survey tabled by Finance Minister Arun Jaitley in Parliament yesterday, 29 January 2018, predicted real GDP growth to rise to 7-7.5% in 2018-19. The barometer index, the S&P BSE Sensex, gained 232.81 points or 0.65% to settle at 36,283.25. The Nifty 50 index rose 60.75 points or 0.55% to settle at 11,130.40. Both, the Sensex and the Nifty, hit fresh record highs on intraday as well as on closing basis.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content