The BSE Sensex and NSE Nifty are likely to open in red on the last trading session of September tracking weak global cues.
The BSE Sensex and NSE Nifty are likely to open in red on the last trading session of September tracking weak global cues. On Thursday, the 30-share index plunged over 465 points after India carried out ‘surgical strikes’ on terror launchpads across LoC.
Below are five things you should know before market opens on Friday:
1) Nifty futurs on the Singapore Stock Exchange (SGX Nifty) was trading 50 points down at 8,594, indicating a gap-down opening in the domestic equity markets.
2) Asian stocks followed Wall Street lower in early trade on Friday, while oil prices held close to the highest level in almost a month on optimism over an OPEC plan to curb output. Hang Seng and Nikkei were down by 1.44 per cent and 1.39 per cent, respectively, in the morning trade.
3) On Wall Street, the Dow Jones Industrial Average index dipped by 95.79 points, or 1.1 per cent, to 18,143.45. The Standard & Poor’s 500 slipped 20.24 points, or 0.9 per cent, to 2,151.13. The Nasdaq Composite index plunged 49.39 points, or 0.9 per cent, to 5,269.15 on Thursday.
4) Shares of NTPC and Aban Offshore will remain in focus on Friday. State-owned NTPC on Thursday announced the listing of its Rs 2,000 crore Green Masala Bonds at Singapore Stock Exchange. Aban Offshore announced sale of 59 per cent shares in Aban Green and Radhapuram Wintech.
5) Indian rupee on Thursday slipped by 39 paise — its biggest single-day fall in three months – against the US dollar to close at 66.85 after the Army carried out ‘surgical strikes’ last night on terror launchpads across LoC.