Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 11 points at the opening bell.
In overseas markets, Asian stocks declined on a fresh bout of sell-off amid further slide in crude oil prices. US stocks dropped sharply on Friday, 15 January 2016 on the back of oil rout, onslaught of earnings season and volatility in China.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1123.79 crore on Friday, 15 January 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 688.84 crore on Friday, 15 January 2016, as per provisional data.
Shares of state-run oil marketing companies (PSU OMCs) will be in focus after Indian Oil Corporation (IOCL) announced a reduction in petrol price by 32 paise per litre and diesel by 85 paise a litre with effect from Saturday, 16 January 2016. Petrol in Delhi now costs Rs 59.03 per litre while diesel will cost Rs 44.18 a litre.
Meanwhile, the government has increased the basic excise duty on unbranded petrol to Rs 8.48 per litre from Rs 7.73 per litre and the same on unbranded diesel to Rs 9.83 per litre from Rs 7.83 a litre with effect from 16 January 2016.
Asian Paints, Kotak Mahindra Bank and Wipro are set to announce their Q3 December 2015 earnings today, 18 January 2016.
Maruti Suzuki India (MSIL) on Saturday, 16 January 2016 announced a price increase ranging from Rs 1000 to Rs 4000 across models ex-showroom Delhi. Price of the recently launched model Baleno has been increased in the range of Rs 5000 to Rs 12,000, MSIL said. This price increase is with effect from 16 January 2016.
State Bank of India (SBI) after market hours on Friday, 15 January 2016 announced that the committee of directors, authorized by the bank's board of directors, at its meeting held on 15 January 2016, inter-alia, authorized the bank to seek shareholders' approval and to write to the Government of India (GoI) and the Reserve Bank of India (RBI) seeking their approval for raising equity capital upto Rs 15000 crore till 31 March 2017 by various means.
Losses for stocks of public sector banks and metal and power sector companies led losses for key benchmark indices on Friday, 15 January 2016. The Sensex fell 317.93 points or 1.28% to settle at 24,455.04, its lowest closing level since 30 May 2014.
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