Stock markets likely to open lower tracking global cues

By: | Published: August 7, 2015 8:43 AM

BSE Sensex and NSE are likely to open in red tracking SGX Nifty on the Singapore Stock Exchange and global cues.

Sensex and NiftyOn Thursday, the key benchmark index BSE Sensex gained 75 points, or 0.27 per cent, to 28,298.13. The NSE Nifty index also gained 20.70 points, or 0.24 per cent, to 8,588.65.

Domestic equity markets are likely to open in red tracking SGX Nifty on the Singapore Stock Exchange and global cues.

At 8.24 am (IST), SGX Nifty was trading 27.50 points, or 0.32 per cent, lower than its previous close.

Asian markets were mixed, Hang Senseng and Shanghai were up 0.74 per cent and 2.13 per cent at 24,556.60 and 3,737.73, respectively. Nikkei 225 was trading 0.28 per cent down at 20,606.74.

Wall Street ended sharply lower on Thursday as weak earnings reports from media companies stirred fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis. The Dow Jones industrial average fell 0.69 per cent to end at 17,419.75 and the S&P 500 lost 0.78 per cent to 2,083.56. The Nasdaq Composite dropped 1.62 per cent to 5,056.44, its biggest one-day tumble since early July.

On Thursday, the key benchmark index BSE Sensex gained 75 points, or 0.27 per cent, to 28,298.13. The NSE Nifty index also gained 20.70 points, or 0.24 per cent, to 8,588.65.

Fortis, Bombay Dyeing, Tata Global, Arvind, KEI, Escorts, SRF, Trent, TVS Electronics, Talwalkars, Polaris, Banco India, Cummins India, Motherson Sumi, Rupa and Bajaj Electricals may announce their earnings on Thursday.

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