On Thursday, US markets closed in the red as robust economic data dashed hopes for Federal Reserve rate cuts
On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare
At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures
European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent
At 7:09 AM, GIFT Nifty futures indicated a modest uptick of 25 points, trading at 22,626 against Nifty futures
Despite tech shares propelling the Nasdaq Composite to record highs, most Asia-Pacific markets saw declines
In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore
Stocks to Watch on Saturday, May 18: Dr Reddy's Labs received a Form 483 with two observations from the United States Food and Drug Administration
Stocks to Watch on Saturday, May 18, 2024: Vodafone Idea is directing capital expenditure towards enhancing its 4G service coverage, aiming to expand its subscriber base
Across Asia, trading sentiment dipped as retail sales data fell short of street expectations, with a modest 2.3 per cent increase in April compared to the previous year
At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges
At 7:10 AM, Korea's Kospi led the gains with a 1.19 per cent increase, while Hong Kong's Hang Seng was up by 0.99 per cent. Japan's Nikkei also saw a rise of 0.53 per cent
At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges
Across Asia, market sentiment is predominantly positive, tracking Wall Street gains. At 7:26 AM, Japan's Nikkei rose 0.47 per cent, while Korea's Kospi soared 0.11 per cent
At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses
Shriram Finance announced that board has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore
Vedanta board will consider and approve the first Interim dividend on equity shares, if any, for the FY25, on May 16.
Stock Market Wrap Friday, May 10: RIL, ITC and Airtel led the rally; broader indices - MidCap and SmallCap - outran the benchmark indices and finished 0.8 per cent higher.
Stocks to Watch on March 21, 2024: Exicom Tele-Systems, Platinum Industries will release their Q3 results today
Stocks to watch on March 11, 2024: Equity benchmark indices Sensex and Nifty are expected to start on a tepid note ahead of weak global cues.