 "Pre-Market: Five stocks to watch in today's trade")
The markets are likely to open on a flat to negative note on account of weak global cues. Early indicator, SGX Nifty was down 10 points at 7,978.
Benchmark indices are likely to continue to trade in a very tight range ahead of the market holiday.
The trend deciding level for the day is 26,654 / 7,973 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 26,827 – 27,024 / 8,023 – 8,080 levels notes an Angel Broking report.
Asian shares got off on the back foot on Wednesday as continued civil unrest in Hong Kong sapped confidence, while the dollar index was in sight of a four-year high after marking its best quarterly gain in six years.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, while Japan's Nikkei stock average fell 0.2%. Japan's benchmark rose 4.9% in September, the biggest monthly rise since last November.
US stocks slipped on Tuesday, dragged down by energy and materials shares as economic data disappointed.
Major indexes also posted losses for the month, but ended the quarter with gains.
US consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth. Analysts are skeptical of how many more gains are in store for the market this year.
The Dow Jones industrial average fell 0.17%, to 17,043, the S&P 500 lost 0.28%, to 1,972 and the Nasdaq Composite dropped 0.28%, to 4,493.
Stocks to Watch
Maruti Suzuki: Company will recall 69,555 units of the Dzire, Swift and Ritz models manufactured between March 2010 and August 2013 to repair wiring harness fitment.
IVRCL: Rs 4,000 crore assets for sale to reduce debt burden over the next two years.
JSW Steel: Announced a cut in the prices of steel products for the month of October.
Reliance Power: Plans to invest nearly Rs 50,000 crore in the next five years to undertake expansion projects
Oil marketing companies: Companies like IOC, HPCL, BPCL have cut petrol prices by 65 paise per litre due to fall in international oil prices.
Benchmark indices are likely to continue to trade in a very tight range ahead of the market holiday.
The trend deciding level for the day is 26,654 / 7,973 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 26,827 – 27,024 / 8,023 – 8,080 levels notes an Angel Broking report.
Also Read
Global Markets
Asian shares got off on the back foot on Wednesday as continued civil unrest in Hong Kong sapped confidence, while the dollar index was in sight of a four-year high after marking its best quarterly gain in six years.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, while Japan's Nikkei stock average fell 0.2%. Japan's benchmark rose 4.9% in September, the biggest monthly rise since last November.
US stocks slipped on Tuesday, dragged down by energy and materials shares as economic data disappointed.
Major indexes also posted losses for the month, but ended the quarter with gains.
US consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth. Analysts are skeptical of how many more gains are in store for the market this year.
The Dow Jones industrial average fell 0.17%, to 17,043, the S&P 500 lost 0.28%, to 1,972 and the Nasdaq Composite dropped 0.28%, to 4,493.
Stocks to Watch
Maruti Suzuki: Company will recall 69,555 units of the Dzire, Swift and Ritz models manufactured between March 2010 and August 2013 to repair wiring harness fitment.
IVRCL: Rs 4,000 crore assets for sale to reduce debt burden over the next two years.
JSW Steel: Announced a cut in the prices of steel products for the month of October.
Reliance Power: Plans to invest nearly Rs 50,000 crore in the next five years to undertake expansion projects
Oil marketing companies: Companies like IOC, HPCL, BPCL have cut petrol prices by 65 paise per litre due to fall in international oil prices.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%