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 closed lower on trade war concerns
* S&P 500, Nasdaq witness worst week since December
* Trump's China tariff drove EU stocks to worst day in seven months
* Automakers, miners and chipmakers led the decline in EU indices
* The pan-European STOXX 600 index sank 2.5 per cent to hit a six-week low
* DAX sank 3.1 per cent while losses for luxury goods makers dragged CAC 40 by 3.6 per cent
* Asia markets trade lower amid US-China trade concerns
* Chinese Indices trade lower in the range of 0-2 per cent
* Nikkei and Kospi decline nearly 2 per cent each
* Oil prices drop as U.S.-China trade war fuels growth concerns
* Brent Crude and WTI Crude prices decline 0.5 per cent each
STOCKS IN NEWS
Reliance Industries: The company will acquire an 87.6 per cent stake in Shopsense Retail Technologies, also known as Fynd, for Rs 295 crore. It said its wholly-owned subsidiary Reliance Industrial Investments and Holdings has an option to further invest up to Rs 100 crore by December 2021 in Fynd, a software technology company formed in September 2012. Reliance Industries expects the investment to further enable the firm’s digital and new commerce initiatives.
Dewan Housing Finance (DHFL): Deloitte Haskins & Sells, one of the joint auditors of the cash-strapped housing finance company DHFL, has put in its papers, according to reports. In a communication to the Ministry of Corporate Affairs, the auditor has cited repeated failure on part of the company to provide them with sufficient explanation or information about certain unsecured borrowings.
Equitas Holdings: With just a month left for Equitas Holdings to list its banking arm Equitas Small Finance Bank (ESFB), the company may issue bonus shares to its 100 per cent holding company — Equitas Holdings — in the ratio of 1:1, according to a Business Standard report.
Indiabulls Real Estate: US-based private equity giant Blackstone Group is set to acquire the remaining 50 per cent stake in Indiabulls Real Estate’s commercial properties for around Rs 4,800 crore, according to an Economic Times report. The deal, which is likely to be concluded in a few weeks, is part of Indiabulls’ strategy of exiting the real estate business.
Jet Airways: The insolvency resolution professional has extended the deadline for submission of expression of interest (EoI). The earlier deadline for EoI submission was August 3. The deadline was extended as interested resolution applicants requested additional time, and is aimed to ensure maximisation of the value of assets.
Coffee Day Enterprises: Due to certain unavoidable circumstances, Coffee Day Enterprises has decided to postpone its earnings announcement as the company's board will not consider June quarter results at its meeting on August 8.
Trident: The company’s board has approved capacity expansion via de-bottlenecking and modernisation of its existing paper units at Dhaula with an investment of at Rs 222 crore. The project is expected to begin commercial operations from March 2021. The expansion plan will be funded by a mix of internal and external borrowings.
Shriram Transport/ Shriram City Union: Blackstone and Carlyle are said to be in race for buying stakein Shriram Capital. Piramal, TPG are said to seek $1.2 billion for Shriram Capital stake.
Shriram Transport: The company has bought back non-convertible debentures (NCDs) worth Rs 80 crore.
Maruti Suzuki: Country’s biggest carmaker Maruti Suzuki will focus on CNG and hybrid models till electric vehicles (EVs) turn feasible.
Nestle India: The company will soon begin construction of its factory in Sanand, Gujarat, and will invest Rs 700 crore in the new plant.
NIIT: The company’s board is looking to buy back shares on August 10.
Rajshree Sugars: The form has received a notice under SARFAESI Act from ICICI Bank.
RPP Infra: The company has bagged order worth Rs 108 crore from Bengaluru civic body.
Tata Power/Tata Motors: Tata Power has signed a pact with Tata Motors to install 300 electric vechicle charging stations across key metros by end of FY20. Tata Motors EV customers can avail free charging for the next three months.
IndiGo: The airline will seek approval for IGE Group to nominate five directors. It will also seek approval for RG Group to nominate one director.
Housing Finance Companies In Focus: The National Housing Bank will infuse an additional Rs 10,000 crore liquidity for housing finance companies, according to a financial ministry official. The finance minister will meet other ministeries to discuss boosting loans for small businesses.
Cox & Kings: The company has defaulted on Rs 100 crore commercial paper due on August 1.
Future Lifestyle: The company will consider preferential shares issue worth Rs 299 crore to Apollo India Pvt Equity IV.
Astral Poly: The company’s board has approved bonus share issue in ratio of 1:4.
Sical Logistics: The firm will explore all strategic alternatives to deleverage company, units.
Manpasand Beverages: The company has appointed Batliboi & Purohit as auditor.
Adani Power/GMR Infra: Adani Power has announced the completion of acquisition of GMR Chattisgarh Energy, at an enterprise value of around Rs 3,530 crore.
BEML: The company has bagged two orders for Metro coaches from DMRC worth Rs 834 crore.
Relaxo Footwear: The company will set up new plant at Bhiwandi with investment of Rs 90 crore. The company will fund the capex via internal accruals. The firm has an existing capacity of 7.5 lakh pairs per day for manufacturing footwear, and it will capacity of 1 lakh pair per day in Bhiwandi over the next three years.
PNC Infra: The company has received arbitration award of Rs 145 crore in a National Highway project.
Parag Milk Foods: APG Emerging Market Equity Pool has acquired an additional 0.8 per cent stake in the company, taking its total stake to 7.3 per cent.
State Bank of India: CLSA maintains 'buy'; reduces target price to Rs 380 per share from Rs 420.
Morgan Stanley maintains 'overweight'; target price at Rs 460 per share.
Jefferies maintains ‘buy’; target price at Rs 370 per share.
UBS maintains ‘buy’; target price at Rs 375 per share.
Macquarie maintains ‘neutral’; target price at Rs 320 per share.
Reliance Industries: Credit Suisse downgrades to ‘underperform’ from ‘neutral’; target price at Rs 995 per share.
Nestle India: UBS Maintain ‘buy’; target price at Rs 13,500 per share.
CLSA maintains ‘outperform’; target price at Rs 12,415 per share.
Union Bank: CLSA maintains ‘buy’; reduces target price to Rs 80 per share from from Rs 96.
ITC: Jefferies maintains ‘buy’; target price at Rs 360 per share.
Tata Steel: JP Morgan maintains ‘overweight’; target price at Rs 575 per share.
Exide: CITI maintains ‘buy’; target price at Rs 265 per share.