What will sway the market today: US-China trade talks, Q4 earnings and other key things to watch out for

By: |
Published: May 8, 2019 9:02:49 AM

The Indian headline indices- Sensex and Nifty are likely to open lower on the back of weak Asian cues and rising tensions between the world's largest economies- the US and China. US-China trade talks and Q4 earnings are among the key things to watch out for.

Stock Tips, Invest In Stocks, Stock Return, Stock Market, Market Return, स्टॉक, शेयर, Brokerage House, किन शेयरों में करें निवेश, BSE, NSEThe Sensex, Nifty are likley to open lower amid US-China trade tensions

The Indian headline indices- Sensex and Nifty are likely to open lower on the back of weak Asian cues and rising tensions between the world’s largest economies- the US and China. The SGX Nifty closed down at 11,480 mark, lower by 0.50 percent. The headline indices ended lower on Tuesday. Yesterday, while the Sensex settled down 324 points at 38,276.63 level, Nifty 50 ended  lower by 100 points at 11,497.90. We take a close look at the key factors which will drive the market today:

Crude Oil Prices: Crude oil prices surged in the morning of Asian trading hours. The Brent crude futures were last seen trading at $70.29 per barrel, up 0.99% from the last close, while the US crude futures WTI were at $61.90, up 0.50 points from the previous close.

FIIs and DIIs: As on May 7, 2019, the foreign institutional investors or FIIs sold shares of Rs 645 crore, whereas domestic institutional investors or DIIs purchased shares worth Rs 819 crore.

S&P on GST: The goods and service tax regime in India is not likely to decrease the deficits of state governments significantly owing to large and increasing expenditure mandates for the social sector as well as capital spending, according to S&P Global report. While, the institutional framework for Indian states is evolving, there are some structural deficits on account of continuing revenue expenditure mismatch.

Also read: Share market LIVE: Sensex, nifty may open lower on US-China trade tensions; Titan, Reliance Capital in focus today

US-China trade tensions: The fresh trade worries between the US and China are the main threat to the global economy,  the International Monetary Fund or IMF head Christine Lagarde said Tuesday at a press conference in paris. She also said that the recent “rumours and tweets” made an agreement between the countries less likely.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1FPIs withdraw $1 billion from bond market in six sessions
2Corporate bond issuances via private placements rise 76%
3Stock corner: Maintain ‘hold’ on Marico; price target of Rs 380