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SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 148 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading lower on Monday, with shares of embattled Chinese developer China Evergrande Group continuing to drop. Markets in mainland China, Japan and South Korea are closed on Monday for holidays.
US stocks dipped on Friday as investors remain cautious due to a resurgent Covid virus and a historical tendency for September to be a weak month for equities.
The Food and Drug Administration advisory committee on Friday rejected a plan to administer booster shots of Pfizer and BioNTech's Covid-19 vaccine to the general public.
Investor focus for the week will likely be on the U.S. Federal Reserve's upcoming September meeting for clues on the central bank's tapering of its easy monetary policy.
Domestic markets:
Back home, equity indices snapped three day streak and ended with small losses on Friday. The barometer index, the S&P BSE Sensex, fell 125.27 points or 0.21% at 59,015.89. The Nifty 50 index lost 44.35 points or 0.25% at 17,585.15.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,552.59 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,398.55 crore in the Indian equity market on 17 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could advance 93 points at the opening bell.
Meanwhile, all eyes are on the GST Council meeting scheduled today, 17 September 2021 in Lucknow. The agenda for the GST Council meet includes considering taxing petrol, diesel and other petroleum products under the single national GST regime.
Meanwhile, the Union Cabinet has approved central government guarantee up to Rs 30,600 crore to back security receipts (SRs) to be issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets.
NARCL proposes to acquire stressed assets of about Rs 2 lakh crore in phases within extant regulations of Reserve Bank of India (RBI). It intends to acquire these through 15% cash and 85% in SRs.
Overseas, Asian stocks are trading mixed on Friday, as traders weighed risks from China to the global recovery and the prospect of reduced Federal Reserve stimulus.
U.S. stocks closed mostly lower on Thursday after swinging between gains and losses after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.
US retail sales increased in August, rising 0.7% from the previous month. The initial estimate for July, however, was revised down to a decline of nearly 2% from a month-over-month gain of 0.5%. Meanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week.
Back home, benchmark indices ended with robust gains on Thursday, supported by firmness in banks and FMCG stocks. The barometer index, the S&P BSE Sensex, jumped 417.96 points or 0.71% at 59,141.16. The Nifty 50 index advanced 110.05 points or 0.63% to 17,629.50.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,621.88 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 795.13 crore in the Indian equity market on 16 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 12 points at the opening bell.
Meanwhile, all eyes are on the GST Council meeting scheduled on Friday, 17 September 2021 in Lucknow. The agenda for the GST Council meet includes considering taxing petrol, diesel and other petroleum products under the single national GST regime.
Overseas, Asian stocks are trading mixed on Thursday, with casino shares in Hong Kong mostly seeing another day of losses. Chinese stocks listed in the U.S. slid the sixth day and U.S. casino firms with exposure to Macau tumbled. Officials have signaled tighter curbs on operators in the gaming hub, again spotlighting Beijing's regulatory curbs.
Japan's exports extended double-digit gains in August, led by strong shipments of chip manufacturing equipment. Exports rose 26.2% in August compared with the same month a year earlier, the Ministry of Finance said on Thursday.
In US, the S&P 500 and Dow Jones indexes rose on Wednesday on mildly positive factory data and higher oil prices, although concerns over a slowing economic recovery and higher corporate taxes kept sentiment subdued.
Production by US factories, mines and utilities in August surpassed the level seen before the pandemic caused an unprecedented collapse, according to Federal Reserve data released Wednesday. Industrial production increased 0.4% in August, but it could have been 0.3% points higher had it not been for the effects of Hurricane Ida, which caused flooding and destruction in parts of Louisiana and the northeastern United States.
Back home, the domestic equity benchmarks ended near the day's high after a strong session on Wednesday. The barometer index, the S&P BSE Sensex, surged 476.11 points or 0.82% to 58,723.20. The Nifty 50 index advanced 139.45 points or 0.80% to 17,519.45.
Foreign portfolio investors (FPIs) bought shares worth Rs 232.84 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 167.67 crore in the Indian equity market on 15 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 27 points at the opening bell.
On the macro front, India's exports rose by 45.76% to $33.28 billion in August, as against $22.83 billion in the same month last year, according to commerce ministry data released on Tuesday. Imports during the month increased by 51.72% to $47.09 billion, the data showed. Trade deficit in August widened to $13.81 billion as against $8.2 billion in the same month last year.
Overseas, Asian stocks are trading lower on Wednesday following losses overnight on Wall Street, with investors reacted to the release of Chinese economic data.
Retail sales growth in China slumped heavily in August further, accentuating the slowdown in the Chinese economy, the latest economic data shows. Retail sales grew by a mere 2.5% in August compared with a year earlier, way down from the 8.5% increase in July. Industrial production grew by 5.3% in August from a year earlier after a 6.4% gain in July.
U.S. stock indexes closed lower Tuesday, giving up gains earlier in the session after a better-than-feared inflation reading and falling back into their September doldrums.
US consumer prices rose a lower-than-expected 0.3% in August, the smallest increase in seven months and a hopeful sign that inflation pressures may be cooling. The August gain fell from a 0.5% increase in July and a 0.9% surge in June, the Labor Department reported Tuesday. It was the smallest increase since a similar 0.3% rise in January.
Back home, key indices ended a volatile trading session with small gains on Tuesday. The barometer index, the S&P BSE Sensex, rose 69.33 points or 0.12% at 58,247.09. The Nifty 50 index gained 24.70 points or 0.14% at 17,380, its record closing high.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,649.60 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 310.31 crore in the Indian equity market on 14 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 29 points at the opening bell.
On the macro front, Consumer Price Index-based Inflation (CPI) for August 2021 came in at 5.30%, compared with 5.59% in July, as food prices cooled further, especially in the case of vegetable inflation, data released by the National Statistical Office (NSO) showed on September 13.
Overseas, Asian stocks are trading mixed on Tuesday as investors look ahead to the release of U.S. consumer inflation data for August.
In US, the S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data. The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.
Back home, equity benchmarks ended a volatile trading session with modest losses on Monday. The barometer index, the S&P BSE Sensex, was down 127.31 points or 0.22% at 58,177.76. The Nifty 50 index was down 13.95 points or 0.08% at 17,355.30.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,419.31 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 559.59 crore in the Indian equity market on 13 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 15 points at the opening bell.
On the macro front, Industrial growth slowed to 11.5% in July against 13.5% in June because expansion in the biggest segment, manufacturing, along with mining, saw deceleration despite easing pandemic-related restrictions.
Overseas, Asian stocks are trading lower on Monday, with stocks in Hong Kong leading losses. Chinese technology stocks were under pressure after a report that China is seeking to break up Ant Group Co.'s Alipay and create a separate app for its loan business. Trade tension is also in the spotlight again after the Biden administration was said to be reportedly weighing a new probe into Chinese subsidies.
Elsewhere, North Korea said it successfully test-fired a new type of long-range cruise missile, ratcheting up tensions on the Korean Peninsula.
Wall Street ended lower on Friday as investors weighed signs of higher inflation, while Apple Inc tumbled following an unfavorable court ruling related to its app store.
Looking ahead for the week, the U.S. consumer price index for August is set to be out on Tuesday, while retail sales figures stateside are expected Thursday. A slew of Chinese economic data, including retail sales and industrial production for August, is also set to be out on Thursday.
Back home, the domestic equity barometers ended flat with some positive bias on Thursday. The barometer index, the S&P BSE Sensex, advanced 54.81 points or 0.09% to 58,305.07. The Nifty 50 index added 15.75 points or 0.09% to 17,369.25. The domestic stock market were closed on Friday, 10 September 2021, on account of Ganesh Chaturthi.
Foreign portfolio investors (FPIs) bought shares worth Rs 423.44 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 704.21 crore in the Indian equity market on 9 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 45 points at the opening bell.
Overseas, Asian stocks are trading lower on Thursday as investors continue to fret over a slowdown in the recovery from the pandemic.
China's consumer price index rose 0.8% year-on-year in August. Meanwhile, the producer price index jumped 9.5% from a year ago.
Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the US Federal Reserve may pull back its accommodative policies.
Meanwhile, the Federal Reserve said in its latest “Beige Book” that U.S. businesses are experiencing rising inflation that is being intensified by a shortage of goods and likely will be passed onto consumers in many areas.
The Fed also reported that growth overall had “downshifted slightly to a moderate pace” amid rising public health concerns during the July through August period that the report covers. “The deceleration in economic activity was largely attributable to a pullback in dining out, travel, and tourism in most Districts, reflecting safety concerns due to the rise of the Delta variant, and, in a few cases, international travel restrictions,” the report said.
Back home, key equity indices ended flat after a volatile trade on Tuesday, tracking negative global cues. The S&P BSE Sensex, dropped 29.22 points or 0.05% at 58,250.26. The Nifty 50 index fell 8.6 points or 0.05% to end at 17,353.50.
Foreign portfolio investors (FPIs) sold shares worth Rs 802.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 0.60 crore in the Indian equity market on 8 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 45 points at the opening bell.
Overseas, Asian stocks are trading mixed on Wednesday trade, as data showed Japan's economy grew faster than previous estimates.
Japan's economy grew faster than the initially estimated in the April-June quarter. Revised gross domestic product (GDP) data by the Cabinet Office released on Wednesday showed the economy grew an annualised 1.9% in April-June, from an initial estimate of a 1.3% expansion.
In US, the Dow Jones and S&P 500 fell on Tuesday, on concern that the delta coronavirus variant is slowing the economic recovery from the pandemic.
Back home, the benchmarks indices snapped their three-day rising streak and ended almost flat after a volatile session on Tuesday. The barometer index, the S&P BSE Sensex, shed 17.43 points or 0.03% to 58,279.48. The Nifty 50 index lost 15.70 points or 0.09% to 17,362.10.
Foreign portfolio investors (FPIs) sold shares worth Rs 145.45 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 136.57 crore in the Indian equity market on 7 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5 points at the opening bell.
Overseas, Asian stocks are trading mixed on Tuesday as investors look ahead to the release of Chinese August trade data. The Reserve Bank of Australia is also set to release its rate decision.
Markets in the U.S. were closed on Monday for a holiday.
Back home, key benchmark indices advanced for the third straight session and attained record closing levels on Monday, supported by firm global stocks. The barometer index, the S&P BSE Sensex, added 166.96 points or 0.29% to 58,296.91. The Nifty 50 index advanced 54.20 points or 0.31% to 17,377.80.
Foreign portfolio investors (FPIs) sold shares worth Rs 589.36 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 547.31 crore in the Indian equity market on 6 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 39 points at the opening bell.
Overseas, Asian stocks are trading higher on Monday following U.S. jobs data released Friday that came in far short of expectations. Japanese shares climbed on hopes of better pandemic management and more spending by Prime Minister Yoshihide Suga's successor.
In US, the Dow Jones Industrial Average retreated on Friday and the S&P 500 slipped from a record high after the August jobs report came in short of expectations, showing the impact of the delta-fueled Covid resurgence.
U.S. jobs data released Friday came in far short of expectations, with the economy adding just 235,000 positions in August. Meanwhile, the unemployment rate declined to 5.2% from 5.4% in July, in line with estimates.
In a press conference on Friday, President Joe Biden touted the average monthly job gains since he took office and lower weekly jobless claims, and called for more vaccinations and for Congress to pass infrastructure and budget bills.
U.S. markets are closed on Monday for the Labor Day holiday.
Back home, barometers settled with modest gains near record high levels on Friday. The barometer index, the S&P BSE Sensex, gained 277.41 points or 0.48% at 58,129.95. The Nifty 50 index added 85.45 points or 0.52% to 17,323.60.
Foreign portfolio investors (FPIs) bought shares worth Rs 768.58 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 668.60 crore in the Indian equity market on 3 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 24 points at the opening bell.
On the macro front, India's exports jumped 45.17% to $33.14 billion in August as against $22.83 billion in the same month last year, according to the commerce ministry's provisional data. Imports in August rose 51.47% to $47.01 billion, as against $31.03 billion in the corresponding month of 2020. The trade deficit in August 2021 was $13.87 billion, compared to $8.2 billion in the year-ago period.
Overseas, Asian stocks rose on Friday as investors look ahead to the release of a private survey on China's services sector activity in August.
The S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.
The US trade deficit narrowed more than expected in July as imports declined likely because of shortages and a shift in domestic spending from goods to services. The Commerce Department said on Thursday that the trade gap fell 4.3% to USD 70.1 billion. Data for June was revised to show the deficit at USD 73.2 billion instead of USD 75.7 billion as previously reported.
The number of Americans filing new claims for jobless benefits fell last week. Initial claims for state unemployment benefits dropped 14,000 to a seasonally adjusted 340,000 for the week ended August 28, the lowest level since mid-March 2020.
Back home, domestic equity benchmarks clocked robust gains on Thursday, amid buying interest in FMCG and IT stocks. The barometer index, the S&P BSE Sensex, surged 514.33 points or 0.9% at 57,852.54. The Nifty 50 index advanced 157.90 points or 0.92% at 17,234.15.
Foreign portfolio investors (FPIs) bought shares worth Rs 348.52 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 381.70 crore in the Indian equity market on 2 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19 points at the opening bell.
Overseas, Asian stocks are trading mixed on Thursday as Australia reported a higher-than-expected trade surplus in July. Australia recorded a trade surplus of 12.117 billion Australian dollars (about $8.93 billion) in July, according to data released Thursday by the country's Bureau of Statistics.
The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks.
US manufacturing activity unexpectedly picked up in August. The ISM said its index of national factory activity inched up to 59.9 last month from a reading of 59.5 in July.
US private employers hired far fewer workers than expected in August. Private payrolls increased by 374,000 jobs last month after rising 326,000 in July, the ADP National Employment Report showed on Wednesday.
Back home, key benchmark indices ended with modest losses on Wednesday, amid profit selling after recent steep gains. The barometer index, the S&P BSE Sensex, fell 214.18 points or 0.37% at 57,338.21. The Nifty 50 index lost 55.95 points or 0.33% at 17,076.25.
Foreign portfolio investors (FPIs) bought shares worth Rs 666.66 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,287.87 crore in the Indian equity market on 1 September, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 20 points at the opening bell.
India's real gross domestic product (GDP) grew by 20.1% in the April-June quarter of the fiscal year 2021-22, a record quarterly print on the back of a low base last year, data released on August 31 showed. GDP contracted by 24.4% in the April-June quarter in FY2021 as the country went into a lockdown to curb the spread of the coronavirus.
The output of eight core sectors grew by 9.4% in July, mainly due to a low base effect and uptick in production of coal, natural gas, steel, cement and electricity, official data showed on Tuesday.
Overseas, Asian stocks are trading mixed on Wednesday, as a private survey showed shrinking Chinese factory activity in August. The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 49.2 last month, from 50.3 in July, breaching the 50-mark that separates growth from contraction.
U.S. stocks ended slightly lower Tuesday as investors looked ahead to U.S. jobs data for August coming Friday, where they might find clues as to when the Federal Reserve may begin tapering its bond purchases which have helped to support markets during the pandemic.
The Conference Board said its closely followed index of consumer confidence slid to a six-month low at 113.8 this month from a revised 125.1 in July, reflecting concerns about the spread of the delta variant of the coronavirus that causes COVID-19.
In other U.S. economic data, the Chicago purchasing managers index dropped to 66.8 in August from a previous reading of 73.4. And home prices rose 18.6% annually in June, up from a 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index.
Back home, domestic equity benchmarks hit record high levels for the second straight session on Tuesday, boosted by Bharti Airtel and Bajaj twins. Positive Asian cues also boosted sentiment. The barometer index, the S&P BSE Sensex, soared 662.63 points or 1.16% at 57,552.39. The Nifty 50 index surged 201.15 points or 1.19% at 17,132.20.
Foreign portfolio investors (FPIs) bought shares worth Rs 3,881.16 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,872.40 crore in the Indian equity market on 31 August, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 37 points at the opening bell.
India's gross domestic product (GDP) for the April-June quarter of the ongoing fiscal will be released today, 31 August 2021.
Overseas, Asian stocks are mostly trading lower on Tuesday, as data showed slowing Chinese factory activity growth in August.
China's factory activity grew at a slower pace in August as compared with the previous month, data released Tuesday showed. The official manufacturing Purchasing Managers' Index for August came in at 50.1, against July's reading of 50.4.
In US, the S&P 500 and Nasdaq hit record highs on Monday as technology stocks jumped after the Federal Reserve's dovish comments eased fears of a sudden tapering in monetary stimulus and boosted optimism around an economic recovery.
Back home, the key equity indices rallied on Monday, supported by firm global cues. The barometer index, the S&P BSE Sensex, surged 765.04 points or 1.36% at 56,889.76. The Nifty 50 index added 225.85 points or 1.35% at 16,931.05.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,202.81 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 688.85 crore in the Indian equity market on 30 August, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 94 points at the opening bell.
Overseas, Asian stocks are trading higher on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in long-awaited speech on Friday.
In other Chinese tech developments, Beijing is reportedly looking at new rules that would restrict domestic internet firms from going public in the U.S..
U.S. stocks indexes closed higher Friday, with the S&P 500 and Nasdaq Composite indexes finishing at fresh peaks, following Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole central bankers' symposium.
U.S. Federal Reserve (Fed) Chair Jerome Powel said Friday during the Federal Reserve Bank of Kansas City's annual Jackson Hole economic symposium that the Fed could start tapering asset purchases this year as the central bank is carefully assessing the risks from the Delta variant.
The Fed chief also cautioned that a move to start tapering asset purchases should not be interpreted as a sign that rate hikes would soon follow.
Fed Chair Powell said the U.S. central bank “will be carefully assessing incoming data and the evolving risks,” perhaps offering himself more wiggle room before its September 21-22 meeting to digest further evidence of the health of the economy, including a coming jobs reports for August.
Back home, the domestic equity barometers ended near the day's high on Friday. The barometer index, the S&P BSE Sensex, advanced 175.62 points or 0.31% to 56,124.72. The Nifty 50 index added 68.30 points or 0.41% to 16,705.20.
Foreign portfolio investors (FPIs) sold shares worth Rs 778.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,646.19 crore in the Indian equity market on 27 August, provisional data showed.