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.
Asian Markets: Asian markets opened with a positive bias as investors watched US-China trade developments. The Chinese yuan will be watched today, after offshore trading of the currency touched a record low.
US Markets: US markets ended higher with Dow closing with gains of over 250 points, S&P 500 up 1.1 per cent and Nasdaq up 1.3 per cent.
Dollar Index: The Dollar Index was at 98.026 rising from levels below 98.0. US President Donald Trump said China expressed it was ready to return to the negotiating table.
European Market: European stocks closed flat.
Oil: Oil prices rose in the morning of Asian trading hours.
Gold: The yellow metal scaled over six-year peak.
STOCKS IN NEWS
Jet Airways: The committee of creditors (CoC) has extended the deadline for the submission of expression of interest (EoI) to August 31, according to sources. The deadline was extended as few additional parties have shown interest. The EoIs submitted by RA Creator and South America-Based Synergy Group are considered eligible.
Interglobe Aviation: The company has its annual general meeting today. The following topics are in the agenda - Expand the board from 6 members to 10; reappointment of M Damodaran as the chairman for the next five years; and appointment of a woman director.
Vadilal Industries: Care Ratings has downgraded the credit rating of company’s long-term bank facilities to BBB from BBB+, and placed it under credit watch, with negative implications.
Pidilite Industries: The company has entered into a joint venture with Bengaluru-based Chetana Expotential Technologies. Chetana has invented a technology in the field of ‘post compressed aerated concrete wall panels’. The JV will be responsible for deploying this innovative technology.
Excel Crop Care: The company will be suspended from trading with effect from August 29 on account of composite scheme of amalgamation. It will be amalgamated into Sumitomo Chemical India Limited.
Strides Pharma: The National Stock Exchange (NSE) will exclude F&O contracts on Strides Pharma from November 1.
Kajaria Ceramics: The firm has approved merger of unit Kajaria Tiles with self.
HDIL: The company has received an order to admit the firm under IBC from NCLT. It will appeal against the order.
Bajaj Hindusthan Sugar: The company has got standstill for 180 days upon lenders pact. All the 13 lenders signed the ICA for the resolution of the company’s debt.
Kalpataru Power: The promoter has pledged 2.6 per cent stake in company on August 23.
United Bank: The lender has sought bids to sell 42 NPAs worth Rs 2,182 crore.
Bank Of Baroda: The lender has approved raising up to Rs 2,150 crore in Tier-I, II bonds.
LIC Housing Finance: FMR LLC & FIL has cut stake in company by 6.62 per cent to 3.14 per cent.
SAIL: SAIL has extended the deadline for submission of EoIs for sale of three units till September 10, according to an Economic Times report. The initial deadline was August 1, which was first extended to August 20 and then August 26.