Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could rise 92 points at the opening bell on robust global cues.
In overseas markets, Asian stocks were trading higher. The US stock market closed on a high note yesterday, 26 August 2015, with gains of nearly 4% seen in both the Dow Jones index and the S&P 500 - and even higher gains for the Nasdaq index.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 2345.77 crore yesterday, 26 August 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1881.08 crore yesterday, 26 August 2015, as per provisional data.
Indian stocks may remain volatile today, 27 August 2015, as traders roll over positions in the futures & options (F&O) segment from the near month August 2015 series to September 2015 series. The near month August 2015 derivatives contracts are set to expire today, 27 August 2015.
Among corporate news, Bharti Airtel after market hours yesterday, 26 August 2015, announced that it has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband India (Augere), which holds 20 MHz of BWA spectrum in the telecom circles of Madhya Pradesh and Chhattisgarh.
Sun TV Network after market hours yesterday, 26 August 2015 said that it has partnered with HOOQ, Asia's biggest premium video-on-demand service in a multi-year deal. HOOQ has recently entered into the Indian market with over 30,000 hours of movies and TV series and will now carry Sun TV's library that includes a mix of super hit films from Tamil, Telugu, Malayalam & Kannada languages, Sun TV Network said in a statement.
NHPC after market hours yesterday, 26 August 2015 said that Unit 3 of Chutak Power Station has been restored on 26 August 2015.
India's weather office, the India Meteorological Department (IMD), said in a daily report issued yesterday, 26 August 2015, that for the country as a whole, cumulative rainfall during this year's monsoon season was 12% below the Long Period Average (LPA) until 26 August 2015. Region wise, the rainfall was 20% below the LPA in South Peninsula, 15% below the LPA in Central India, 6% below the LPA in East & Northeast India and 6% below the LPA in Northwest India, until 26 August 2015.
The June-September southwest monsoon is critical for the country's agriculture because a considerable part of the country's farmland is dependent on the rains for irrigation.
Key benchmark indices edged lower in choppy trade yesterday, 27 August 2015. The S&P BSE Sensex fell 317.72 points or 1.22% to settle at 25,714.66, its lowest closing level since 11 August 2014. The CNX Nifty fell 88.85 points or 1.13% to settle at 7,791.85, its lowest closing level since 17 October 2014.
In overseas markets, Asian stocks were trading higher. Key benchmark indices in Indonesia, Japan, Singapore, South Korea and Taiwan were up by 1.14% to 2.57%.
In mainland China, the Shanghai Composite was up 1.70%. In Hong Kong, the Hang Seng index was up 2.39%.
The US stock market closed on a high note yesterday, 26 August 2015, with gains of nearly 4% seen in both the Dow Jones index and the S&P 500 and even higher gains for the Nasdaq index. The rally followed six days of losses for markets that have been shaken by news about China's currency and economy.
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