Market Likely To Open In Negative
Indian equities market maintained momentum on Dalal Street and notched up its sixth rise in last seven sessions. The Sensex jumped 75 points to close at 28,298 and Nifty advanced 21 points to shut shop at 8,589. On the sectoral front, buying was visible in capital goods, pharma and banking shares. On the other hand mild selling was visible in metal, oil & gas, FMCG and power stocks. The broader markets which registered fresh all-time high levels in the last couple of days also ended on a mixed note. The BSE mid-cap index jumped 0.36% while the small-cap index slipped 0.12%.
U.S. stocks closed lower on Thursday as investors weighed declines in oil and disappointing earnings ahead of Friday's key employment report. The Dow Jones Industrial Average closed down 120.72 points, or 0.7%, at 17,419.75, for its sixth-straight day of losses. The Nasdaq Composite Index fell 83.50 points, or 1.6%, to close at 5,056.44, after being off by as many as 105 points earlier. The S&P 500 dropped 16.28 points, or 0.8%, to 2,083.56, following a drop of about 24 points. Also, the Russell 2000 Index dropped below its 200-day moving average for the second time in two weeks. The index closed down 1.3% at 1,215.85.
Oil continued to decline, with WTI crude settling down 49 cents, or 1.09%, at USD 44.66 a barrel. Brent dipped below USD 48 a barrel.
Europe's main stock markets were mixed Thursday, on the eve of US jobs data that could cement expectations of a Fed rate rise next month. London's benchmark FTSE 100 index slipped 0.08% to 6,747.09 points after the Bank of England decided to keep its main interest rate at 0.50% earlier in the day. In the eurozone, Frankfurt's DAX 30 ended the day 0.44% lower at 11,585.10 points, while the CAC 40 in Paris dipped 0.09% to 5,192.11.
Asian stocks fell, following a slide in U.S. equities; ahead of a U.S. jobs report and as investors also await the Bank of Japan's (BOJ) policy decision. Japan’s Topix index slipped 0.28% ahead of a monetary policy decision by the Bank of Japan later today. South Korea’s Kospi index declined 0.16% and New Zealand’s NZX 50 Index slipped 0.48%. Australia’s S&P/ASX 200 Index sank 1.71%.
A SGX CNX Nifty Index future for August delivery was down 24 points at 8,589. Indian markets likely to open in negative. Tata Motors, M&M, BHEL, Grasim Industries, Corporation Bank, REC, Future Retail, Cox & Kings, GSPL, Gateway Distriparks, Finolex Industries, Jindal Stainless, Kalpataru Power, Neyveli Lignite, Ramkrishna Forgings, Repco Home Finance, Sobha, VRL Logistics, Zee Media, Allsec Tech, Apar Industries, Aptech, ARSS Infra, Avanti Feeds, Centum Electronics, Dalmia Bharat Sugar, D-Link (India), EIH Associated Hotels, Federal-Mogul, Gulf Oil Corp, Indraprastha Medical, IZMO, Kirloskar Oil Engines, Mangalam Cement, PNC Infratech, Ratnamani Metals, Shilpa Medicare, SML Isuzu, Sunil Hitech, Take Solutions, Transformers And Rectifiers and TRIL would be reporting first quarter earnings today.