MARKET LIVE: SGX Nifty trends suggest a negative start for Indian indices

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The Bombay Stock Exchange (BSE) building in Mumbai. (Picture: Bloomberg/ Dhiraj Singh)

Indian equity indices will right now track global cues, pattern in coronavirus instances, and company success for stock-precise moves. Partial economic activity is set to resume is selected sections of the place as India eases restrictions on lockdown from right now whilethe Centre’s new rules on foreign direct expense may possibly also effects sentiment.

The Avenue will also respond to HDFC Bank’s Q4 figures. The non-public sector lender reported a 2.5 per cent growth in its pre-tax income at Rs 9,174.3 crore in the March quarter as it doubled its provisioning and contingencies in light-weight of the Covid-19 disaster. Read Extra

Outcome Today

Infosys is scheduled to appear out with its Q4 figures and analysts are penciling in a one per cent QoQ strike in its revenue growth in frequent forex phrases for the quarter due to disruptions prompted by the Covid-19 lockdown. Read Extra

World CUES

Investors turned careful in Asia in Monday’s early trade. MSCI’s broadest index of Asia-Pacific shares outside the house Japan eased .2 per cent. Japan’s Nikkei fell one.3 per cent and South Korea was down .one per cent.

In commodities, the oil market carries on to continue being under stress as the global lockdown observed fuel desire evaporate. On Sunday evening, US May possibly futures contract fell seven per cent to $sixteen.96 a barrel, a stage not found considering that November 2001. Brent crude futures was off 32 cents at $27.75 a barrel.

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