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  1. Pre-markets: Sensex, Nifty set for gap down opening on weak global cues; L&T Technology Services IPO to hit markets today

Pre-markets: Sensex, Nifty set for gap down opening on weak global cues; L&T Technology Services IPO to hit markets today

Initial public offer (IPO) of L&T Technology Services will capital markets today.

By: | New Delhi | Updated: September 12, 2016 8:49 AM
BSE Sensex, NSE Nifty Asian peers, Hang Seng, Nikkei and Shanghai were trading down by 610 points, 267 points and 52 points at 23489, 16698 and 3026, respectively, in the morning trade. (Reuters)

Domestic equity markets came off 17-month highs after benchmark the 30-share Sensex dipped 248 points to 28,797.25 on Friday on account of weakness in global peers after North Korea tested a nuclear warhead, while domestic investors remained on the sidelines ahead of key macroeconomic data.

Below are five things you should know before markets open on Friday:

1) Nifty futures on the Singapore Stock Exchange were trading 147 points down at 8760.50 (at 8.05 am (IST)), indicating domestic equity markets may open in red on Monday.

2) Asian peers, Hang Seng, Nikkei and Shanghai were trading down by 610 points, 267 points and 52 points at 23489, 16698 and 3026, respectively, in the morning trade.

3) The Dow Jones Industrial Average index cracked nearly 395 points on Friday after hawkish comments from Federal Reserve officials dampened US equity and bond markets.

4) Stocks in focus: Welspun India: Walmart has stopped selling Welspun India’s Egyptian cotton products, a fortnight after another US retail giant Target Corporation terminated contract with the Gujarat-based textiles maker over alleged lapses in its products supply.

DLF: The real estate company will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.

5) IPO today: Initial public offer (IPO) of L&T Technology Services will capital markets today.

 

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