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SGX Nifty signals negative start
Nifty futures on the Singapore Exchange traded 64 points, or 0.44 per cent, lower at 14,395, in signs that Dalal Street was headed for a negative start on Monday.
Mindtree, IndiaMart to disclose Q3 results
L&T Finance, Alok Industries, Mindtree, IndiaMart, Trident, Rallis India, IRB Infra, Indiabulls Real Estate, Snowman Logistics are some of the companies which will disclose their December quarter earnings during the day.
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IRFC IPO to open today
The Rs 4,633 crore IPO by Indian Railway Finance Corporation (IRFC), hitting on Monday, has many brokerages recommending ‘subscribe’ on it with long-term gains. Analysts said the IPO looks attractively priced and can be a good bet for conservative long-term investors, as expansion drivers for return on equity (RoE) or margins are missing, even as the company is seen reporting consistent growth numbers.
Tech View: Nifty forms Dragonfly Doji
Nifty50 tanked over 1 per cent on Friday and formed a bearish candle on the daily chart and an indecisive Gravestone Doji on the weekly scale. The fact that Nifty could not defend its immediate support at 14,450 level has made a few analysts turn wary of the recent rally.
Oil prices fall in early trade
Oil prices ran into profit-taking on worries the spread of increasingly tight lockdowns globally would hurt demand. Brent crude futures were off 12 ents at $54.98 a barrel, while US crude eased 11 cents to $52.25.
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China’s Q4 GDP data today
Chinese GDP data are expected to show growth picked up to an annual 6.1% last quarter, from 4.9% in the third quarter. Monthly figures on retail sales and industrial output should show brisk activity as the year ended, Reuters reported. “We expect Q4 Chinese GDP growth accelerated to an above-consensus 6.5% a year,” said Joseph Capurso, head of international economics at CBA.
Asia shares fall ahead of China economic data
Asian share markets retreated from highs on Monday as disappointing news on US consumer spending tempered risk sentiment ahead of a reading on the Chinese economy. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.3 per cent. Japan’s Nikkei slipped 1 per cent and away from a 30-year high. E-Mini futures for the S&P500 dipped 0.3 per cent, though Wall Street will be closed on Monday for a holiday.
US stocks settled lower
Wall Street’s main indices finished lower, weighed down by big US banks after their earnings reports. The Dow Jones Industrial Average fell 177.26 points, or 0.57 per cent, to 30,814.26, the S&P500 index lost 27.29 points, or 0.72 per cent, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87 per cent, to 12,998.50.
FPIs invest Rs 14,886 cr in first half of January
Foreign portfolio investors (FPI) put in Rs 14,866 crore in Indian markets in the first half of January with participants expecting strong…
Go to the news source: SGX Nifty drops 64 oints, hints at negative start for domestic stocks