Business News Desk – Last week, recovery was seen in the domestic stock markets. Although there was a slight decline in the market on Friday, it can definitely be said that the market sentiment seemed to be improving. In such a situation, it remains to be seen whether this recovery continues or there will be a new shock this week. By the way, on Friday there was again selling by foreign institutional investors (FIIs). After three consecutive days of buying, FIIs sold in cash on Friday. About Rs 3425 crore were sold in cash and share futures.
trigger from global market
There are indications of mild recession from global markets. Nasdaq and S&P also set new records on Friday after better than expected employment data in America. The Nasdaq rose 150 points while the Dow closed 125 points lower. This morning, GIFT Nifty was down 50 points and was trading near 24725 while Dow futures were flat. Nikkei was trading 50 points higher. Crude oil fell 1.5% on Friday and was near $71 for the third consecutive day. Gold remained sluggish at $2660 and silver remained above $31.50. In the domestic market, gold increased by Rs 200 and closed above Rs 76,600 and silver closed flat above Rs 92,400.
Important triggers for the market today
Nasdaq, S&P at all-time high, Dow falls 123 points
Crude oil slipped to $71, gold strengthened near $2660
Gift Nifty weakened slightly
FIIs: Sell Rs 3422 crore in cash, stock futures
These shares will be discussed today
Voda Idea’s board will decide today on raising Rs 2000 crore by issuing shares to promoters. Paytm’s Singapore unit will sell its stake in Japan’s PayPay. SoftBank will sell stock acquisition rights to Vision Fund for Rs 2364 crore. Tire maker CEAT will acquire Michelin’s off-highway tire business brand Camso. This deal will be for around Rs 1900 crore in cash. Welspun Corp has received two big orders for pipe supply in America. The third quarter order book of the American plant has crossed Rs 7000 crore.
