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What changed your markets while you were sleeping

Let's check out what all might matter to Dalal Street on Thursday.|
Nov 01, 2018, 07.57 AM IST
NEW DELHI: Firm trading in global markets and easing crude oil prices may give the domestic market a lift at Thursday’s opening bell. However, 140-odd earnings schedule for the day may turn the session volatile and stock-specific.

Let's check out what all might matter to Dalal Street on Thursday:

Singapore trading sets stage for firm start
Nifty futures on the Singapore Exchange were trading 34 points, or 0.33 per cent, higher at 10,421, indicating a positive start for the Nifty50.

Tech view: Nifty forms long bullish candle
The Nifty50 staged a strong comeback on Wednesday to end trade at the day’s high point. The index continued to form higher highs and formed a long bullish candle on the daily chart. Going forward, the index could face strong resistance in the 10,435-50 range.

Asian shares rise in early trade
Asian stocks rose on Thursday as bruised investor sentiment got some relief from another robust Wall Street session, Reuters reported. The improved mood filtered down to Asia, with Australian stocks up 0.55 per cent and South Korea's KOSPI putting on 0.5 per cent. Japan's Nikkei slipped 0.3 per cent following two days of big gains.

Ease in US-Sino trade tensions
US President Donald Trump has not “set in stone” any decisions on escalating tariffs on Chinese goods and may withdraw some duties if there are promising policy discussions with China, White House economic adviser Larry Kudlow said on Wednesday.

Oil prices ease in early trade
Oil prices fell early on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.The Brent crude January futures contract lost 44 cents, or 0.32 per cent, to trade at $74.72 per barrel.

US stocks settled higher
The Dow Jones Industrial Average rose 241.12 points, or 0.97 per cent, to 25,115.76. The S&P500 index gained 29.1 points, or 1.08 percent, to 2,711.73 and the Nasdaq Composite added 144.25 points, or 2.01 percent, to 7,305.90, Reuters reported.

Key Q2 earnings today
HDFC, Marico, Arvind, Bajaj Electricals, DLF, Parag Milk Foods, Tata Communications, Thomas Cook, Trent, Zuari Global, VST Industries, Somany Ceramics, Adlabs Entertainment and Godrej properties are among dozens of companies, which will announce their quarterly results later in the day.

India jumps 23 ranks in ease of doing business
India jumped 23 spots in the World Bank’s ease of doing business ranking to 77th place, becoming the top-ranked country in South Asia for the first time and third among the BRICS nations.

India to cut Iran imports to get US waiver
The US has broadly agreed to grant India a waiver from Iran sanctions after New Delhi decided to cut oil imports from Tehran by about a third to 14-15 million tonnes in 2018-19 from 22 million tonnes in 2017-18. An official announcement could come over the next few days.

Sept core sector growth at 4-month Low
Growth in India’s core sector index, which comprises eight infrastructure industries, slowed to a four-month low of 4.3% in September following a decline in crude oil and natural gas output.

SBI on the cusp of a turnaround: Deutsche
Deutsche Bank said State Bank of India is on the cusp of a ‘big turnaround’ as the country’s biggest bank could emerge as a key beneficiary of the ongoing liquidity squeeze. With challenges around the merger of its subsidiaries over and corporate cycle improving, the state-owned lender’s earnings are expected to improve from 2019-20, it said.

ILFS aims to resolve issue in 9 months
IL&FS has told a bankruptcy court that it aims to resolve the liquidity crisis within about nine months, seeking to improve its debt-laden capital structure through asset sales, restructuring of outstanding loans, and infusion of funds.

Dena, Vijaya buyout by Nov 30: BoB
Bank of Baroda (BoB) is targeting to set November 30 as the record date for the acquisition of fellow state-owned lenders Dena Bank and Vijaya Bank, managing director P Jayakumar said. “The deliberations (for the acquisition) are ongoing,” Jayakumar told reporters.

DIIs buy Rs 1,125 cr worth of equities
Foreign portfolio investors (FPIs) sold Rs 194 crore worth of domestic stocks on Wednesday, provisional data available with BSE suggested. DIIs were net buyers to the tune of Rs 1,125 crore, data suggested.
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