MARKETS LIVE: Indices trade higher, Sensex over 35,000 mark; RIL slips 2%

0
13

The stock markets opened on a positive note on Monday taking cues from their global peers.

That apart, corporate earnings, economic data and global cues will decide the market trend in this holiday truncated week

Among individual stocks, Reliance Industries (RIL) slipped over 2% in the early morning trade after the company’s consolidated finance cost jump to Rs 25.66 billion as against Rs 5.56 billion in the last quarter of 2016-17, and Rs 21 billion in the December 2017 quarter.

In key economic data, markets will keep a tab on Nikkei Manufacturing PMI for April 2018 due Wednesday and the result of a monthly survey on the performance of India’s services sector in April 2018 on Friday.

In key results this week, Ceat, DHFL, HDFC, Dabur, HCL Technologies, InterGlobe Aviation and Hero Motocorp are likely to declare their quarterly numbers during the week.

On the global front, US Federal Reserve’s Federal Open Market Committee (FOMC) will announce the decision on the interest rate on Wednesday. It is widely expected that the central bank will keep rates unchanged in May 2018, but will raise them again in June 2018.

GLOBAL MARKETS

Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.1 per cent following a jump of more than 1 per cent on Friday. The index is poised to end the month rather flat after two consecutive losses.
South Korea’s KOSPI index gained 0.5 per cent and is set to end April more than 2 per cent higher on record profits from Samsung and after a spectacularly successful inter-Korean summit.business-standard