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Markets may see gap-down opening on weak Asian stocks

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Trading of 50 index futures on the stock exchange indicates that the could fall 66 points at the opening bell.

On the political front, state assembly elections will be closely watched. Polling in and Telangana will be held tomorrow, 7 December 2018. Assembly elections in and were held on 28 November 2018. The election to the 90-member Assembly was held in two phases 12 and 20 November 2018. Counting of votes will be held across all the five states on 11 December 2018.

Overseas, Asian stock prices fell Thursday amid growing uncertainty about the global and Donald Trump's tariff policies on Sentiment was also impacted after arrested a top of giant at the request of the US, a move that is seen as exacerbating tensions between the US and

The US and Nasdaq were both closed on Wednesday to mark the day of mourning for the late former George H.W. Bush, who died on November 30 at age 94.

Meanwhile, said economic risks from abroad could be severe. The US Federal Reserve's Beige Book report showed there were concerns about higher tariffs from a widening trade war, rising interest rates and tight labor markets. Trump's get-tough approach to trade was causing rising costs for manufacturers and weaker sales at companies, it said.

Back home,the market ended the volatile trading session yesterday, 5 December 2018 with modest losses. Global stocks dropped as resurgent trade worries worsened investor fears about global economic growth. Volatility rose in late trade after the (RBI) announced monetary policy. The Sensex fell 249.90 points or 0.69% to settle at 35,884.41, its lowest closing level since 28 November 2018.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 357.82 crore yesterday, 5 December 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 791.59 crore yesterday, 5 December 2018, as per provisional data.

Among corporate news,of has been declared as the successful bidder under tariff based competitive bidding to establish transmission system for evacuation of power from 2 x 660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at along with associated transmission lines' on build, own operate and maintain (BOOM) basis. The announcement was made after market hours yesterday, 5 December 2018.

The project is an intra-state transmission system of and comprises 765kV, 400kV, 220kV and 132kV lines apart from establishing a new 400/220/132 kV Substation at Firozabad, The Letter of Intent (LoI) has been received on 5 December 2018. This is the first intra state transmission system project won by of under tariff based competitive bidding.

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

First Published: Thu, December 06 2018. 08:32 IST
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