OUTLOOK ON INDIA
Moody's downgrades YES Bank rating; outlook negative
Moody's said lender’s stressed assets related issues will add pressure to its funding and liquidity.
F&O: India VIX moves up 7%, 12,000 level critical for Nifty
Long buildup was seen in Tata Elxsi, Mindtree, Dish TV, Concor and Equitas.
Tech View: Nifty forms bearish candle, but outlook unchanged
Support is at 11,950-11,960, and unless this range is breached, outlook will sta...
S&P reaffirms India’s sovereign rating at BBB- with stable outlook
“S&P has reaffirmed sovereign rating of India at BBB- with stable outlook. They have stated that India’s economy continues to achieve impressive long-term growth rates despite a recent deceleration,” economic affairs secretary Atanu Chakraborty said in a tweet.
Asian stocks inch up on trade outlook but markets remain wary
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent.
Goldman ups RIL price target on strong telecom outlook
The brokerage expects GRMs for Reliance Industries to rise sharply from last quarter.
View: Rupee to trade in 71.20-71.80 range
Momentum in the rupee is expected to remain slightly negative.
Trade setup: Nifty may continue to consolidate; 12,103 level key
Friday’s session may see a tepid start, with 12,065 and 12,110 levels acting as resistance.
Commodity outlook: Energy, metal futures in the green amid conflicting Sino-US trade signals
Here is how SMC Global expects commodities to trade today.
Trade setup: Nifty must cross double top hurdle at 12,103 to extend rally
The RSI stood at 59.26 and stayed neutral, showing no divergence against the price.
India committed to partnering with Maldives for its development: Narendra Modi
The prime minister said that "as a close friend and maritime member, India is committed to partnering with the Maldives for democracy and development".
OECD says India needs to step up reform efforts to increase quality jobs, incomes
The latest OECD Economic Survey of India notes that while India has greatly expanded its participation in global trade in recent years, private investment remains relatively weak, the employment rate has declined amid a shortage of quality jobs, rural incomes are stagnating, and per-capita income varies considerably across states.
India gifts patrol vessel to Maldives as net security provider of region
The brand-new vessel will be manned by eight Maldives personnel trained in India and will be an asset for the Maldives in enhancing its maritime security, fostering its blue economy and safeguarding its tourism industry. India is a key supplier of defence equipment to the Maldives and also trains its military personnel.
Trade setup: Outlook positive as long as Nifty stays above 11,974
Wednesday’s session is likely to see 12,065 and 12,130 levels act as resistance points.
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