Key benchmark indices could fall today, 5 June 2015, tracking weakness in Asian shares. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could decline 40.50 points at the opening bell.
Foreign portfolio investors bought shares worth a net Rs 511.90 crore yesterday, 4 June 2015, as per provisional data. Domestic institutional investors (DIIs) bought shares worth a net Rs 772.04 crore yesterday, 4 June 2015, as per provisional data released by the stock exchanges.
Among corporate news, NMDC after market hours yesterday, 4 June 2015 said that its production of iron ore (provisional) upto the month of May 2015 stood at 4.14 million tonnes compared with the production of 4.94 million tonnes upto the month of May 2014. Sales of iron ore upto the month of May 2015 stood at 4.54 million tonnes compared with sales of 5.74 million tonnes upto the month of May 2014.
TCS turns ex-dividend today, 5 June 2015, for final dividend of Rs 24 per share for the year ended 31 March 2015.
Bank and metal & mining stocks led decline for the key benchmark indices in what was a highly volatile trading session yesterday, 4 June 2015. The S&P BSE Sensex fell 23.78 points or 0.09% to settle at 26,813.42, its lowest closing level since 7 May 2015.
Asian stocks were trading lower. Key benchmark indices in Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan were down by 0.17% to 0.44%. China's Shanghai Composite was up 1.68%.
US stocks fell overnight, with the Dow and S&P ending at their lowest levels in nearly a month, ahead of Friday's jobs report and lingering uncertainty over a Greece aid deal with creditors.
Data showed the labour market tightening, with first-time applications for unemployment aid down last week and the number of people on benefit rolls hitting the lowest level since 2000, suggesting the Federal Reserve will remain on track to raise interest rates later this year. The data came ahead of Friday's key US jobs report. The International Monetary Fund has urged the Fed not to raise rates until there are clear signs of a pickup in wages and inflation.
Adding to investor concerns, Greece delayed a debt payment to the International Monetary Fund (IMF) due today, 5 June 2015, and German Chancellor Angela Merkel said talks on a cash-for-reforms deal were still far from an agreement.
Greece was supposed to pay the IMF about 300 million euros today, 5 June 2015, but said yesterday, 4 June 2015, it would bundle all the payments due this month into one. That means Greece now owes the fund 1.54 billion euros ($1.7 billion) by 30 June 2015. IMF rules allow borrowers to combine payments of principal due in a calendar month, but the provision has been used only once before -- by Zambia in the mid-1980s.
Powered by Capital Market - Live News
