Developments that may have an impact on market behaviour and sentiment during the day’s trading
Mumbai: Market related news stories are important when it comes to making smart investment decisions. Trading advice and brokerages for key stocks are also crucial to preparations for the trading day.
Here are developments that may have an impact on market behaviour and sentiment during the day’s trading.
* Asian markets witnessed a muted opening.
* US markets were closed on Thursday for the 4th of July holiday.
* European markets closed on a subdued note.
* Oil prices fell on Thursday with Brent ending 0.5 per cent lower at $63.51/bbl and WTI going down by 0.82 per cent to $56.87/bbl. Oil had a mixed opening in morning trade.
Stocks in News
Tata Motors: The firm halved Tiago and Tigor output due to high inventory levels. It is aiming at reducing inventory to less than 1000 units in July and increasing dealer margins to 5.8 per cent.
Jet Airways: Sources tell BTVI that the airline and allied, subsidiary companies face SFIO probe on multiple grounds including siphoning off funds. The probe to be completed in six months can lead to Naresh Goyal’s arrest along with his accomplices.
Maruti Suzuki: CCI ordered against the company for alleged resale price maintenance arrangement with dealers.
L&T Infotech: The company clarified that it isn’t facing any inquiry from US Citizenship and Immigration Services as alleged.
US has taken India to WTO over duty hike on 28 American goods alleging them to be inconsistent with GATT norms.
Pfizer: The pharma company has been given MIDC approval for business transfer.