INSUBCONTINENT EXCLUSIVE:
NEW DELHI: A significant fall in US markets in overnight trade following fears of a government shutdown and further hikes in US borrowing
costs have had a domino effect on Asian shares this morning
Will Indian market be able to brave this disruption A sharp drop in crude oil prices might help, but analysts say Nifty's behaviour
vis-a-vis its 100-DMA would be key
Let's find out what might matter on Dalal Street today:
SGX hints at weak startNifty futures on the Singapore Exchange were trading 34.50
points or 0.31 per cent lower at 10,959.50 around 7.55 am indicating a weak start for the Nifty50 back home.
Tech View: Nifty attempting
A long bull candle has been formed at the lower levels, which is indicating the emergence of buying interest from the lows
Currently, Nifty is making an attempt to stage a breakout on the upside crossing the resistance at 10,950
Research Analyst.
Global stocks under pressureGlobal stocks were sailing into Christmas on a sea of red on Friday as the threat of a US
government shutdown and of further hikes in US borrowing costs inflamed investor unease over the economic outlook
The SP 500 was heading for its worst quarter since the dark days of late 2008, with a loss of 15 per cent so far
The Nasdaq has shed 19.5 percent from its August peak, just shy of confirming a bear market
South Korean stocks slipped 0.3 per cent and Japan's Nikkei 0.5 per cent.
Oil gains some footingOil prices climbed on Friday after
tumbling 5 percent in the last session, with OPEC production cuts that start next month seen being deeper then previously expected
Benchmark Brent crude futures were up 1.51 per cent at $55.17 per barrel at 0112 GMT, recovering from losses of $2.89 per barrel the session
before.
Centre plans to infuse Rs 83,000 crore in PSBsThe government plans to pump about Rs 83,000 crore into state-run banks by the end of
this financial year as it looks to revive their finances and put credit growth back on a sound footing
improvement and to shore up others that are at risk of slipping into the programme.
DoT refuses to approve RCom-Jio dealThe telecom
clause in the spectrum-trading rules.
Airtel to sell another 32% in Bharti InfratelBharti Airtel has decided to sell a further 32% stake in
Bharti Infratel, valued at close to Rs 15,500 crore, to create a war chest to bolster its countrywide 4G networks and counter Reliance Jio
Infocomm.
Axis to soon get a corp bank headAxis Bank CEO Amitabh Chaudhry inherited the top job without a head for its crucial corporate
Last heard Chaudhry is meeting senior executives from a private sector lender which itself is going through a transition after a new
management took over recently.
FIIs net sellers, DIIs turn buyersFIIs on Thursday offloaded shares worth Rs 386.44 crore while DIIs were net
buyers to the tune of Rs 87.96 crore, according to the data available on NSE.
