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

Stocks may open higher

Capital Market 

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 79 points at the opening bell.

Overseas, Asian stocks are trading higher, shrugging off heightened tensions between the United States and China and the spread of coronavirus. The Bank of Japan is expected to hold steady on policy after today's meeting. Investors will be gauging officials' economic projections and any reassurances of additional stimulus if needed.

In US, Wall Street surged on Tuesday, with the Dow Jones Industrial Average ending more than 2% higher as investors bought energy and materials stocks and looked beyond a recent rise in coronavirus cases.

Simmering tensions between the United States and China loom large, after U.S. President Donald Trump signed legislation and an executive order to hold China "accountable" for the national security law it imposed on Hong Kong.

Fed officials warned the U.S. economy faces a longer recovery from the pandemic, and economic pain could still worsen as cases mount.

Back home, domestic equity benchmarks slumped on Tuesday, dragged by bank shares. The barometer S&P BSE Sensex tumbled 660.63 points or 1.80% at 36,033.06. The Nifty 50 index slumped 195.35 points or 1.81% at 10,607.35.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,565.62 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 649.70 crore in the Indian equity market on 14 July, 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: Wed, July 15 2020. 08:07 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU