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.
Here are some of the factors that may affect the stock market today.
* Dow jumped 260 points, posting its best week since November. Nasdaq ended 1.7% higher, S&P 500 ended 1.1% higher. Job creation decelerated strongly in May with US payrolls coming in at 75,000 in May.
* Weak US jobs data points to potential Fed rate cut. 10-year Treasury yield drops below 2.06%, its lowest since September 2017. US Dollar Index dropped to new three-month lows and tests the 96.60 level on poor payrolls.
* European markets ended higher in trade. The pan-European Stoxx 600 closed provisionally up almost 0.9%. All sectors ended in the red.
* Asian markets opened higher in trade. Autos in Japan and South Korea jumped on the news that US President Donald Trump had withdrawn his tariff threat on Mexican goods.
* Gold ended 1% higher to their highest levels since April 2018.
* WTI price ended 2.7% higher at $53.99 per barrel. Brent price rose 2.7% to $63.33 a barrel. Saudi Arabia signals OPEC deal extension.
Stocks in news
Eicher Motors: The company plans to rev up growth as engines have not impressed investors. The firm is pinning hopes on new bikes to push sales.
Telecom In Focus: Department of Telecom (DoT) has told TRAI to raise 5G spectrum sale bar as the DoT wants higher base price for select bands. A high-level telecom meet is set to take place on June 13.
DHFL: The debt-laden firm is looking to clear all dues and rescale business. It has paid Rs 40,000 crore of its dues so far. The company has securitised Rs 30,000 crore of its retail assets. It also expressed confidence that it will meet the Rs 3,000 crore due in the next 2 months. It expects to get Rs 2,300 crore today from buyers of Aadhar Housing Finance.
MOIL: The company received environmental clearance for manganese ore mine in an area of 49 hectares for additional production capacity of 1.2 lakh tonnes per annum. The new ore mine with a total reserve estimated at 3.8 million tones is adjacent to Ukwa mine. The co is expected to touch ore body and production during 2020. After the environmental clearance, total production capacity of Ukwa block will be 2.35 lakh tonnes per annum.
Mindtree: Larsen & Toubro made cash offer of 5.13 crore shares, or 31% of the voting share capital at Rs 980 per share, aggregating to Rs 5,027.4 crore. Open offer to begin from June 17. The offer price is at a discount of 1 per cent from the current market prices.
Adani Ports: Thecompany is looking to raise $750 mn via overseas bonds.
BPCL: The firm is set to invest Rs 6,877 crore to revamp Mumbai refinery complex.
Jet Airways: Two Jet suppliers, Shaman Wheels and Gaggar Enterprises, seek to land airline in Bankruptcy court. The suppliers have moved NCLT which is set to hear the matter on June 10. Financial Creditors may have to join if the matter gets admitted.