 "Paris attacks, weak Asia to dictate trend on D-Street; WPI eyed")
Indian markets will witness selling pressure today in the wake of one of the deadliest terror attacks in Paris, which took place on Saturday (IST).
The slide in global markets will also dampen the sentiment on Dalal Street. The investors will also be concerned about the slowdown in China and persistent fears of a rate hike by the US Federal Reserve will add to the woes.
On the domestic front, traders will keenly await the announcement of Wholesale Price Index (WPI) data, which will be unveiled today post market hours. A disappointing set of CPI and IIP numbers have already weighed across the bourses.
In the truncated week to November 13, 2015, the 30-share Sensex ended down 2.5 per cent, or 655 points, to end at 25,611 and the 50-share Nifty closed 2.4 per cent, or 192 points, lower at 7,762.
Meanwhile, on November 13, the Foreign Portfolio Investors (FPI) were the net sellers to the tune of Rs 746.70 crore as per provisional stock exchange data.
GLOBAL MARKETS
Asian markets are trading lower today as Paris attack has spiked a sell-off in Asia.
Japan’s economy contracted 0.8% on an annualized basis in the July to September quarter. Nikkei is down by 1%
Shanghai Composite is down by 0.4% while Hang Seng is down by 1.6%. The early indicator, SGX Nifty has slipped 0.4%
On Friday, the Wall Street as well the European equities edged lower on concerns of declining commodity prices.
STOCK TRENDS
Coal India is to build 15 washeries across its various subsidiaries, through private companies under a build and operate model, thus enhancing its capacity by 112mt
Oil Marketing Companies (OMCs) will remain in focus today as they have raised the prices of petrol by 36 paise per liter and diesel rates by 87 paise per liter in order to align the domestic petroleum product prices with global benchmarks.
Tata Steel wants to sell its plant in northern England to give it the “best chance of survival” as the UK industry has been struggling under a flood of cheap steel being pumped in from China, which has depressed prices.
Bharti Airtel: The telecom major wants to raise 500million pounds through its bond issue in British currency
Maruti Suzuki: Maruti Suzuki India will finally go ahead tomorrow with its much-delayed minority shareholders voting to let parent Suzuki invest and own the upcoming plant in Gujarat.
Apollo Hospitals: Apollo Hospitals Enterprise reported a 2.4 per cent rise in net profit at Rs 93.7 crore in the September 2015 quarter, compared to Rs 91.5 crore in the year-ago period.
MTNL: State-run telecom firm MTNL, which offers services in Delhi and Mumbai, will soon launch free roaming scheme, allowing customers to receive calls at no extra cost while traveling across the country.
