Pre Session
Home >> Markets >> Equity >> News >> Pre Session Detailed News
Shares may extend losses
(08:00, 06 Jul 2018)

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 37 points at the opening bell on negative Asian cues. Investors may act cautious ahead of a US deadline to impose tariffs on Chinese imports on Friday.

Overseas, most Asian stocks declined, with investors bracing for developments on the trade front as markets awaited tariffs from the US and China to take effect later on Friday. The US is set to impose a 25% tariff on $34 billion worth of Chinese goods from more than 800 product categories. China has also announced that it will retaliate with duties on the same value of US products.

Trump on Thursday reportedly said an additional $16 billion of Chinese products will be subject to tariffs in two weeks, also adding that he was considering more duties on $500 billion in Chinese goods.

US stocks settled higher on Thursday, in a broad rally that was led by the technology sector. The minutes from the US Federal Reserve June policy meeting were in line with market expectations for further interest rate increases this year. US central bankers expressed concerns global trade tensions could hit an economy that by most measures looked strong.

On the US data front, the private sector added 177,000 jobs in June, according to the ADP employment report. Separately, initial jobless claims rose by 3,000 in the latest week, although they remained near multi-decade lows. The final Markit services purchasing managers index for June came in at 56.5, compared with 56.8 in May. The Institute for Supply Management's non-manufacturing index for the same month came in at 59.1 from the previous month's reading of 58.6. A reading of at least 50 signals improving conditions.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 159.37 crore yesterday, 5 July 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 296.97 crore yesterday, 5 July 2018, as per provisional data.

Key benchmark indices settled with modest losses yesterday, 5 July 2018, as gains in index heavyweight ITC helped cushion steep losses triggered by slide in index heavyweights Infosys and Reliance Industries. The barometer index, the S&P BSE Sensex, fell 70.85 points or 0.20% to settle at 35,574.55. The Nifty 50 index fell 20.15 points or 0.19% to settle at 10,749.75.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     370.05   Up   0.45 (0.12%)   Asian Paints Ltd     1,396.45   Down   -6.55 (-0.47%)   Axis Bank Ltd     533.70   Up   6.90 (1.31%)   Bajaj Auto Ltd     2,839.60   Down   -275.40 (-8.84%)   Bajaj Finance Ltd     2,721.35   Up   201.15 (7.98%)   Bajaj Finserv Ltd     6,663.95   Up   367.05 (5.83%)   Bharat Petroleum Corporation Ltd     388.85   Down   -9.45 (-2.37%)   Bharti Airtel Ltd     345.40   Up   0.40 (0.12%)   Bharti Infratel Ltd     286.00   Up   0.70 (0.25%)   Cipla Ltd     625.80   Up   15.70 (2.57%)   Coal India Ltd     263.50   Up   2.30 (0.88%)   Dr Reddys Laboratories Ltd     2,051.90   Up   22.70 (1.12%)   Eicher Motors Ltd     27,048.10   Up   67.45 (0.25%)   GAIL (India) Ltd     359.80   Up   2.00 (0.56%)   Grasim Industries Ltd     939.10   Up   3.35 (0.36%)   HCL Technologies Ltd     999.20   Up   17.10 (1.74%)   HDFC Bank Ltd     2,189.05   Up   2.95 (0.13%)   Hero Honda Motors Ltd     3,376.95   Down   -74.15 (-2.15%)   Hindalco Industries Ltd     195.65   Down   -1.95 (-0.99%)   Hindustan Petroleum Corporation Ltd     275.40   Down   -9.00 (-3.16%)   Hindustan Unilever Ltd     1,655.85   Up   8.40 (0.51%)   Housing Development Finance Corporation Ltd     1,973.85   Down   -14.55 (-0.73%)   ICICI Bank Ltd     265.80   Up   4.60 (1.76%)   Indiabulls Housing Finance Ltd     1,196.95   Down   -15.10 (-1.25%)   Indian Oil Corporation Ltd     161.05   Down   -4.75 (-2.86%)   IndusInd Bank Ltd     1,902.55   Up   14.30 (0.76%)   Infosys Technologies Ltd     1,348.10   Up   31.40 (2.38%)   ITC Ltd     274.00   Up   0.70 (0.26%)   Kotak Mahindra Bank Ltd     1,333.30   Down   -14.10 (-1.05%)   Larsen & Toubro Ltd     1,270.35   Up   12.25 (0.97%)   Lupin Ltd     800.65   Up   6.10 (0.77%)   Mahindra & Mahindra Ltd     909.75   Down   -3.25 (-0.36%)   Maruti Suzuki India Ltd     9,398.95   Up   9.85 (0.10%)   NIFTY (S&P CNX)     11,010.20   Up   53.10 (0.48%)   NTPC Ltd     155.65   Up   1.10 (0.71%)   Oil & Natural Gas Corpn Ltd     157.95   Down   -3.80 (-2.35%)   Power Grid Corporation of India Ltd     175.80   Down   -1.65 (-0.93%)   Reliance Industries Ltd     1,128.65   Up   23.80 (2.15%)   State Bank of India     261.50   Up   1.30 (0.50%)   Sun Pharmaceuticals Industries Ltd     560.10   Up   15.15 (2.78%)   Tata Consultancy Services Ltd     1,996.60   Up   15.20 (0.77%)   Tata Motors Ltd     253.40   Up   0.90 (0.36%)   Tata Steel Ltd     503.20   Up   4.55 (0.91%)   Tech Mahindra Ltd     659.45   Up   17.25 (2.69%)   Titan Company Ltd     860.40   Down   -9.45 (-1.09%)   UltraTech Cement Ltd     3,871.70   Up   14.45 (0.37%)   UPL Ltd     549.60   Down   -2.40 (-0.43%)   Vedanta Ltd     202.40   Down   -5.80 (-2.79%)   Wipro Ltd     283.00   Down   -2.80 (-0.98%)   Yes Bank Ltd     386.50   Down   -5.80 (-1.48%)   Zee Entertainment Enterprises Ltd     514.35   Down   -7.50 (-1.44%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com