Pre Session- Bears may continue to rule the roost at D-Street
29/04/2016
Indian equity benchmarks are likely to open on a bearish note on Friday, extending Thursday’s slump, as traders shun risky assets amidst a renewed global stock rout while awaiting key quarterly corporate earnings numbers which may offer further cues over the health of Asia’s third biggest economy. The CNX Nifty Index Futures for May delivery fell by 0.40 per cent or 31.5 points at 7,878 at 10:55 AM Singapore time, also signaling that Dalal Street may open lower today. Shares of ICICI Bank, Marico and IDFC will be eyed today as the companies report their earnings numbers for the fourth quarter ended March 31, 2016. Meanwhile, telecom operator Idea Cellular will also be in focus after it reported in after-market hours on Thursday that net profit fell by 39 per cent to Rs 575.6 crore in the January-March 2015-16 quarter from the same period a year ago amidst a jump in finance costs. The 30-share Sensex on Thursday tumbled by 461.02 points or by 1.77 per cent to close at 25,603.1 as traders gave thumbs down to the Bank of Japan’s decision to refrain from further monetary stimulus while volatility amidst the expiry of the April derivative contracts also weighed.
Asian markets extended a drop with shares in China marginally down amidst disappointing quarterly earnings from PetroChina, Hang Seng tumbling over 1 per cent while Japan’s Nikkei 225 was closed for a trading holiday, a day after sinking over 3.6 per cent as traders reacted to the Bank of Japan policy inaction. On Thursday, Wall Street sank as activist investor Carl Icahn sold off its Apple stake after the company’s poor March quarter earnings while tepid US data left investors rattled as the world’s biggest economy grew by a paltry 0.5 per cent annualized pace in Q1, the slowest pace of growth in two years. On BSE, total number of shares traded was 23.29 Crore and total turnover stood at Rs. 2866.02 Crore.
29/04/2016
Indian equity benchmarks are likely to open on a bearish note on Friday, extending Thursday’s slump, as traders shun risky assets amidst a renewed global stock rout while awaiting key quarterly corporate earnings numbers which may offer further cues over the health of Asia’s third biggest economy. The CNX Nifty Index Futures for May delivery fell by 0.40 per cent or 31.5 points at 7,878 at 10:55 AM Singapore time, also signaling that Dalal Street may open lower today. Shares of ICICI Bank, Marico and IDFC will be eyed today as the companies report their earnings numbers for the fourth quarter ended March 31, 2016. Meanwhile, telecom operator Idea Cellular will also be in focus after it reported in after-market hours on Thursday that net profit fell by 39 per cent to Rs 575.6 crore in the January-March 2015-16 quarter from the same period a year ago amidst a jump in finance costs. The 30-share Sensex on Thursday tumbled by 461.02 points or by 1.77 per cent to close at 25,603.1 as traders gave thumbs down to the Bank of Japan’s decision to refrain from further monetary stimulus while volatility amidst the expiry of the April derivative contracts also weighed.
Asian markets extended a drop with shares in China marginally down amidst disappointing quarterly earnings from PetroChina, Hang Seng tumbling over 1 per cent while Japan’s Nikkei 225 was closed for a trading holiday, a day after sinking over 3.6 per cent as traders reacted to the Bank of Japan policy inaction. On Thursday, Wall Street sank as activist investor Carl Icahn sold off its Apple stake after the company’s poor March quarter earnings while tepid US data left investors rattled as the world’s biggest economy grew by a paltry 0.5 per cent annualized pace in Q1, the slowest pace of growth in two years. On BSE, total number of shares traded was 23.29 Crore and total turnover stood at Rs. 2866.02 Crore.
