You are here: Home » News-CM » Equities » Market Report
Business Standard

Market may open slightly lower

Capital Market 

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 11 points at the opening bell.

Global markets:

Overseas, Asian stocks are mostly up on Thursday, with U.S. markets reversing their losses from Wednesday's U.S. big tech stocks selloff during the previous session.

In US, Wall Street's main indexes ended higher on Wednesday to snap a three-session losing skid as investors jumped back in to take advantage of the pullback in technology-related stocks.

Stay-at-home companies such as Facebook Inc and Google-parent Alphabet Inc climbed, while electric-car maker Tesla Inc rebounded nearly 11% after suffering its biggest one-day percentage drop.

US employers advertised more jobs but hired fewer workers in July. The Labour Department said Wednesday that the number of US job postings on the last day of July rose to 6.6 million from 6 million at the end of June. A year earlier, employers posted 7.2 million job openings. Hiring dropped to 5.8 million from 7 million in June. The number of Americans laid off or discharged fell to 1.7 million from nearly 2 million in June.

Later on Thursday, the European Central Bank (ECB) is expected to announce its interest rate decision as well as monetary policy statement. The ECB is reportedly expected to make no policy changes and reiterate it stands ready to adjust all of its instruments, as appropriate, at its policy meeting.

Domestic markets:

Back home, key equity benchmarks ended with modest losses on Wednesday. The S&P BSE Sensex, slipped 171.43 points or 0.45% at 38,193.92. The Nifty 50 index lost 39.35 points or 0.35% at 11,278.

Foreign portfolio investors (FPIs) sold shares worth Rs 959.09 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 263.97 crore in the Indian equity market on 9 September, provisional data showed.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, September 10 2020. 08:16 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU