INSUBCONTINENT EXCLUSIVE:
Good morning, welcome to ETMarkets Morning Podcast!
Smart gains on Wall Street in overnight trade and firm Asian shares have created a
positive trade setup for the Indian market
But a Doji on Nifty technical charts signals indecisiveness among traders.
That’s where we start the day on Dalal Street, ladies and
This is Prachi Sharma, your market jockey, bringing you all the news, views and cues to get you ready for the day ahead.
Nifty futures in
Singapore traded more or less steady this morning with a positive leaning, which means the market in Mumbai may open with small gains.
Asian
stocks ruled firm as investors turned positive after China’s President Xi Jinping struck a conciliatory tone following a week of
tit-for-tat tariff threats between Beijing and Washington.
MSCI’s broadest Asia-Pacific index outside Japan edged up 0.1 per cent
Australian stocks added 0.1 per cent and Japan's Nikkei climbed 0.15 per cent
Wall Street closed higher in overnight trade as investor concerns about the tariff dispute faded
Xi said China will widen market access for foreign investors
The Dow Jones rallied 442 points, the SP 500 1.74 per cent and the Nasdaq 2.04 per cent.
The rupee on Tuesday staged a mild recovery of 3
paise to end at 64.99 against the US dollar amid easing US-China trade war worry lines.
Oil prices added to previous steep gains as markets
eyed an escalation of Middle East tensions after Europe’s air traffic control agency warned of possible air strikes on Syria in the next
72 hours.
Brent crude futures rose to $71.09 a barrel
Brent surged more than 3 per cent on Tuesday to hit its highest level since late 2014.
Meanwhile, RBI’s loss of confidence in the Axis
Bank CEO could open up an opportunity for Uday Kotak to make a bid for the lender, brokerage Nomura said in a report
TPG Capital-backed Manipal Hospitals has sweetened the terms of its offer for Fortis Healthcare after Rakesh Jhunjhunwala and some other
investors expressed disappointment with the terms of previous arrangement.
Sebi has rejected a proposal by the Central Depository Services
board to extend the tenure of its CEO P S Reddy by five years.
In its bid to hold on to Binani Cement, Dalmia Bharat has written to the RBI
governor, asking him to direct banks to not deviate from the IBC process.
Watch out for domestic aluminium makers, as US sanctions on
world’s second-largest aluminium producer RUSAL of Russia is seen to give our companies a leg-up.
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That’s it from me for the day
Thank you for listening in
Do enjoy your trading day and make lots of money.
