Before the trading day begins, learn about the number of factors that may influence share prices and the trading climate in stock markets.
Important developments across the globe, current situation of global markets, sentiments, and the overall news related to stocks or companies are some of the key indicators that you need to consider before investing in the stock market.
Also, the views of brokerages on select stocks and buy/hold/sell recommendations with target prices play a significant role in determining how the markets are going to perform.
Here are some of the factors that may affect the stock market today.
*US Indices erase most of the losses for the week
*Tech shares led the gains for the U.S. Indices
*EU stocks inched higher as sharp fall in global bond yields stabilized
*Asia indices trade higher as investors await Chinese inflation numbers
*Japan GDP nos for the period of April-June beat expectations
*China’s PBOC sets the yuan weaker than 7 for the 2nd time this week
*Gold continues to rally above the $1,500 level
STOCKS IN NEWS
Dewan Housing Finance Corporation: The mortgage lender said it may not meet payment obligations in immediate future, but is committed to resolving issues related to liquidity crisis. It added that it's making best efforts to work out a resolution plan.
Vodafone Idea: Care Ratings has downgraded the long-term bank facilities and NCDs of the telecom major to ‘A’ from ‘A+’. It has kept the company’s outlook as ‘negative’.
Yes Bank: The lender is seeking up to $273 million in institutional placement, and has launched QIP, with floor price set at Rs 87.9 per share. The bank is currently in process of appointing new CFO and COO.
Indiabulls Housing Finance/ Lakshmi Vilas Bank: Indiabulls founder Sameer Gehlaut will cede control after merger with Lakshmi Vilas Bank, Economic Times reported. Sameer Gehlaut has told the regulator that he will bring promoter stake below 10 per cent in the merged entity.
IDBI Bank: The lender will reduce MCLR on most tenures by 5-15 basis points from Monday.
Oriental Bank: The lender will cut MCLR across tenures by 5-10 basis points from August 10.
GMR Infra: The company’s board has approved raising up to Rs 2,730 crore via equity, debt.
Wipro: The IT major has inked pact with Camunda to offer workflow automation services.
Coffee Day Enterprises: ICRA has reduced Coffee Day's long-term rating to 'BB+' from 'BBB+'. It has also removed Coffee Day from rating watch with negative implications.
Meanwhile, Coffee Day Enterprises has named E&Y to investigate letter from VG Siddhartha. The company seeks to name corporate advisors to board. Malavika Hegde has been appointed as additional member of executive panel formed on July 31. E&Y will Probe the firm and its units' financials.
Coffee Day Enterprises will sell IT park in Bengaluru to reduce debt burden, and the Blackstone Group is one of the top contenders to buy the Global Village Park, according to a Mint report.
Lakshmi Vilas Bank: The lender is working in close cooperation with IHFL to get regulatory nods for merger.
Jet Airways: The airline’s insolvency resolution professional (IRP) has sought lenders’ nod to liquidate assets to pay pending salaries, according to a Mint report.
Coal India: The coal major is in discussion with the Indian Railways for partnership for 538 km eastern freight corridor stretch, according to a Business Standard report. Railways had earlier planned to undertake the project as a public-private partnership.
Essel Group Companies In Focus: Essel Infra is in talks to sell part of its solar portfolio to Adani for Rs 2,000 crore, according to an Economic Times report. The company is said to be looking to sell about 250 mega watt of operational assets in the first phase. The announcement is likely this month.
Endurance Tech: The company’s management has recommended the board to withdraw from plans of tyre manufacturing foray.
Bodal Chem: The company will acquire 80 per cent stake in SEN-ER for $4.5 million.
Mishra Dhatu Nigam, NALCO: The companies have formed a joint venture to set up a high-end aluminium alloys plant. Both the firms will hold 50 per cent stake in the JV company. JVC may agree to induct a technology partner.
Jamna Auto Industries: The auto components maker may fully/partially suspend production at all its manufacturing facilities this month. The company has made changes in its production schedule due to weak demand and high inventory.
Hexaware: Morgan Stanley upgrades to ‘equal-weight’; target price at Rs 390 per share.
Titan Company: Morgan Stanley maintains ‘equal-weight’; target price at Rs 1,110 per share.
Lupin: Morgan Stanley maintains ‘overweight’; target price at Rs 1,003 per share.
Aurobindo Pharma: Citi maintains ‘buy’; target price at Rs 860 per share.
Emami: UBS maintains ‘buy’; target price at Rs 400 per share.
CLSA maintains ‘buy’; lowers target price to Rs 400 per share from Rs 450.
Mahanagar Gas: UBS maintains ‘buy’; target price at Rs 1,050 per share.
Cummins: Citi maintains ‘neutral’; cuts target price to Rs 634 per share.
Kotak Mahindra Bank: CLSA maintains ‘buy’; target price at Rs 1,750 per share.
Godrej Properties: CLSA maintains ‘buy’; raises target price to Rs 1,100 per share from Rs 1,063.