You are here: Home » Markets » News
Business Standard

Market Ahead, May 20: All you need to know before the Opening Bell

Lok Sabha 2019 election results will be the biggest trigger for the markets this week. On Sunday, most exit polls showed Prime Minister Narendra Modi is likely to return to power.

Topics
Market Ahead  |  Us Fed  |  Crude Oil

BS Web Team  |  New Delhi 

Lok Sabha 2019 election results will be the biggest trigger for the this week. On Sunday, most exit polls showed Prime Minister Narendra Modi is likely to return to power after a mammoth general election that ended yesterday.

are expected to react to the exit polls when the trading resumes on Monday. Counting of votes will begin on May 23.

Apart from this, March quarter earnings, prices, and US-China trade dialogues will also dominate investor sentiment.

On Friday, the benchmark S&P BSE Sensex ended 537 points or 1.24 per cent higher at 37,931, while broader Nifty50 ended at 11,407 mark, up 150 points or 1.13 per cent.

The closed at Rs 70.22 per US dollar, depreciating 31 paise on a weekly basis.

Corporate earnings

About 658 companies are scheduled to declare their Q4FY19 numbers this week including BPCL, HPCL, Tata Motors and Tech Mahindra.

Global cues

Asian equities rose from a five-month low during early trade on Monday. Japan’s Nikkei index was up 0.34 per cent while South Korea’s Kospi index advanced 0.57 per cent.

On Friday, US shares ended lower. The Dow Jones was down 0.38 per cent to end at 25,764 while the S&P500 slipped 0.58 per cent to close at 2,860. The Nasdaq was down 1.04 per cent to close at 7,816 levels.

Oil prices jumped by 1 per cent on Monday after Saudi Energy Minister Khalid al-Falih indicated that oil producing countries would continue to limit supplies. futures were at $72.98 a barrel around 5:30 am, up 1.1 per cent, from their last close.

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Master/Visa Credit Card & ICICI VISA Debit Card
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

Business Standard Digital

Business Standard Digital - 12 Months
1499.00
subscribe
Get 12 months of Business Standard digital access
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
First Published: Mon, May 20 2019. 07:48 IST
RECOMMENDED FOR YOU