Market likely to open lower

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 41 points at the opening bell. Bajaj Auto, Maruti Suzuki India and Vedanta will declare their Q1 results today, 26 July 2019.

Overseas, Asian stocks slipped amid expectations the U.S. Federal Reserve could be less aggressive than expected with monetary policy when it meets next week.

U.S. stocks finished lower Thursday, retreating from records for the S&P 500 and Nasdaq, after a series of mostly disappointing earnings reports.

The Fed will gather on July 30-31 for policy meeting and the U.S. central bank is widely anticipated to cut benchmark rates by at least 25 basis points to combat headwinds from the China-U.S. trade dispute and signs of slowing economic growth outside of the U.S.

In Europe, the European Central Bank laid the groundwork for further cuts to interest rates, announcing Thursday that it intends to leave official rates at present or lower levels, at least through the first half of 2020.

Back home,key equity benchmarks ended with tiny losses on Thursday. The Sensex fell 16.67 points or 0.04% to settle at 37,830.98, its lowest closing level since 16 May 2019. The Nifty 50 index fell 19.15 points or 0.17% to settle at 11,252.15, its lowest closing level since 15 May 2019.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 126.65 crore yesterday, 25 July 2019 as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 398.53 crore yesterday, 25 July 2019, as per provisional data.

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