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Pre Session
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Market may open higher
(08:14, 31 Jul 2020)

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 47 points at the opening bell.

Overseas, Asian stocks were mixed on Friday following a record contraction in U.S. gross domestic in the second quarter. Markets in Singapore, Malaysia and Indonesia are closed for a holiday on Friday.

China's official manufacturing Purchasing Managers' Index for July came in above expectations on Friday. The manufacturing PMI for July was at 51.1 from June's 50.9, according to the country's National Bureau of Statistics.

Japan's industrial output snapped four months of decline in June. Official data released on Friday showed factory output increased 2.7% in June from the previous month when it hit its lowest level since March 2009 during the financial crisis.

In US, the S&P 500 and Dow closed lower on Thursday after data painted a worrying economic picture on a crucial day for corporate earnings reports. The Nasdaq eked out a positive finish as investors braced for a litany of quarterly results from behemoths of the technology and e-commerce world.

President Donald Trump raised the idea of a delay in elections. The idea was immediately rejected by both Democrats and his fellow Republicans in Congress, the branch of government with the power to make that change.

Investors also worried about the expiration of enhanced employment benefits on Friday as U.S. Congress was no closer to a deal on Thursday to extend or replace the extra $600-per-week in payments to tens of millions thrown out of work by the coronavirus.

In economic data, a first reading on U.S. gross domestic product data for the second quarter confirmed the pandemic pummeled the economy. U.S. GDP collapsed at a 32.9% annualized rate during the second quarter, following a 5% slump in the first quarter.

Back home, key domestic barometers tumbled on Thursday, dragged by selling in private lenders. Negative global cues spoiled investors sentiment. Trading was volatile as the July 2020 F&O contracts expired on 30 July 2020. The barometer index, the S&P BSE Sensex dropped 335.06 points or 0.88% at 37,736.07. The Nifty 50 index lost 100.70 points or 0.90% at 11,102.15.

Foreign portfolio investors (FPIs) bought shares worth Rs 207.30 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 387.24 crore in the Indian equity market on 30 July, provisional data showed.

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Adani Ports & Special Economic Zone Ltd     411.55   Up   1.40 (0.34%)   Asian Paints Ltd     2,215.30   Up   60.00 (2.78%)   Axis Bank Ltd     601.60   Down   -10.95 (-1.79%)   Bajaj Auto Ltd     3,173.55   Up   44.35 (1.42%)   Bajaj Finance Ltd     4,908.80   Up   87.55 (1.82%)   Bajaj Finserv Ltd     8,758.80   Down   -47.90 (-0.54%)   Bharat Petroleum Corporation Ltd     373.00   Down   -5.00 (-1.32%)   Bharti Airtel Ltd     463.25   Down   -5.15 (-1.10%)   Britannia Industries Ltd     3,637.95   Up   89.20 (2.51%)   Cipla Ltd     745.60   Up   6.90 (0.93%)   Coal India Ltd     125.55   Up   0.50 (0.40%)   Divis Laboratories Ltd     3,605.10   Up   60.80 (1.72%)   Dr Reddys Laboratories Ltd     4,828.95   Down   -72.40 (-1.48%)   Eicher Motors Ltd     2,534.65   Down   -14.55 (-0.57%)   GAIL (India) Ltd     102.65   Down   -0.10 (-0.10%)   Grasim Industries Ltd     875.75   Down   -1.65 (-0.19%)   HCL Technologies Ltd     822.10   Down   -19.95 (-2.37%)   HDFC Bank Ltd     1,440.85   Up   14.20 (1.00%)   HDFC Life Insurance Company Ltd     646.80   Down   -14.00 (-2.12%)   Hero Honda Motors Ltd     3,108.85   Up   84.30 (2.79%)   Hindalco Industries Ltd     226.35   Down   -3.55 (-1.54%)   Hindustan Unilever Ltd     2,138.20   Down   -16.00 (-0.74%)   Housing Development Finance Corporation Ltd     2,256.25   Up   17.85 (0.80%)   ICICI Bank Ltd     473.35   Down   -1.95 (-0.41%)   Indian Oil Corporation Ltd     84.60   Down   -1.00 (-1.17%)   IndusInd Bank Ltd     857.65   Up   7.10 (0.83%)   Infosys Technologies Ltd     1,100.00   Down   -13.20 (-1.19%)   ITC Ltd     193.65   Down   -1.15 (-0.59%)   JSW Steel Ltd     350.20   Down   -9.00 (-2.51%)   Kotak Mahindra Bank Ltd     1,907.10   Up   18.00 (0.95%)   Larsen & Toubro Ltd     1,122.40   Up   3.55 (0.32%)   Mahindra & Mahindra Ltd     722.00   Down   -6.50 (-0.89%)   Maruti Suzuki India Ltd     7,035.80   Up   41.55 (0.59%)   Nestle India Ltd     17,888.95   Up   147.00 (0.83%)   NIFTY (S&P CNX)     12,968.95   Down   -18.05 (-0.14%)   NTPC Ltd     94.70   Up   0.60 (0.64%)   Oil & Natural Gas Corpn Ltd     78.50   Down   -1.70 (-2.12%)   Power Grid Corporation of India Ltd     192.40   Down   -5.25 (-2.66%)   Reliance Industries Ltd     1,929.80   Down   -22.80 (-1.17%)   SBI Life Insurance Company Ltd     846.05   Down   -5.45 (-0.64%)   Shree Cement Ltd     24,306.35   Down   -74.80 (-0.31%)   State Bank of India     244.25   Down   -1.20 (-0.49%)   Sun Pharmaceuticals Industries Ltd     511.65   Down   -0.05 (-0.01%)   Tata Consultancy Services Ltd     2,679.65   Down   -40.95 (-1.51%)   Tata Motors Ltd     180.35   Up   6.60 (3.80%)   Tata Steel Ltd     577.35   Up   8.95 (1.57%)   Tech Mahindra Ltd     876.85   Up   19.80 (2.31%)   Titan Company Ltd     1,361.20   Up   33.80 (2.55%)   UltraTech Cement Ltd     4,802.00   Down   -32.15 (-0.67%)   UPL Ltd     417.70   Down   -2.85 (-0.68%)   Wipro Ltd     350.50   Down   -4.35 (-1.23%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

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