INSUBCONTINENT EXCLUSIVE:
Analysts say that with key domestic events now behind, the markets will take cues from global peers
With one trading session left, domestic stock markets are set to finish the week on a lower note
While the S-P BSE Sensex index has shed 270.38 points - or 0.72 per cent - in two days, the broader NSE Nifty benchmark is down 80.25 points
In the previous week, the Sensex and Nifty had clocked gains of 1.25 per cent (463.69 points) and 1.02 per cent (112.3 points) respectively,
marking their first weekly gain in five
Analysts say thin trade can be expected on Friday - the final day of the three-day, holiday-shortened week
Globally, a delay in scheduled additional tariffs on key Chinese goods by the US has provided some relief to the markets rattled by a
Here are 10 things to know before the last trading session of the week:In other words, the Sensex and Nifty will need gains
sessions."Friday can be a weak volume day with a positive bias as the result season is behind and the government is indicating few measures
in next few weeks," AK Prabhakar, head of research at IDBI Capital, told TheIndianSubcontinent.The stock markets suffered sharp losses on
Tuesday to break a two-day winning run, with the Sensex ending 623.75 points - or 1.66 per cent - lower at 36,958.16 and the broader Nifty
finishing down 183.80 points - or 1.65 per cent - at 10,925.85.A selloff across financial, auto and IT stocks dragged the indexes lower on
more than a decade, after the conglomerate set a target to reach zero net debt within 18 months and vowed to reward shareholders with higher
tariffs on some Chinese imports
The Sensex and Nifty ended 0.96 per cent and 0.95 per cent higher on that day.The spike in Reliance Industries shares - up 16.17 per cent
A higher closing for RIL on Friday will take its winning streak to a fifth day running."Market participants would keep a watch on movement
of crude oil price and rupee/dollar," said Ajit Mishra, vice president-research, Religare Broking
"Besides, progress on the US-China trade talks would boost investor sentiment."A group of capital market participants and FPIs met the
Finance Minister last Friday
Analysts say hopes of market-friendly measures may drive some gains.Get Breaking news, live coverage, and Latest News from India and around
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