What changed your market while you were sleeping

NEW DELHI: After a 5-day selloff, can the domestic equity indices make a comeback? Global cues are unsupportive while domestic sentiment remains fragile.

Let’s check out what all might influence Dalal Street through the day:

Singapore trading sets stage for gap-up opening
At 6.45 am, Nifty50 futures on the Singapore Stock Exchange were trading 46 points, or 0.48 per cent, up at 9,773, indicating a gap-up opening for the domestic market.

Nifty formed a ‘Long-legged Doji’ on daily chart
The index on Friday formed a pattern similar to the ‘Long-legged Doji’ on the daily chart and it now needs to claim the 9,800-mark first to regain momentum.

“The intensity of fall, a 4 per cent cut on weekly basis, is clearly pointing towards more pain going forward. If the Nifty50 is unable to get past the 9,800 mark in the next few sessions, the ongoing correction can extend to the next logical target placed around 9,400 level,” said Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in.

Q1 nos from CIL, IDBI Bank today
Coal India, IDBI Bank, Grasim Industries, AIA Engineering, Bajaj Hindustan, Unitech, Future Consumer, Jain Irrigation, Dredging Corp, Infibeam Incorporation, JK Tyre & Industries are among the companies scheduled to announce their quarterly earnings on Monday.

All eyes on inflation data
Both Consumer Price Index (CPI) and Wholesale Price Index (WPI) inflation data will be released later in the day. Brokerage Nirmal Bang Institutional Equities in a note expected July CPI inflation to come in at 2.45 per cent YoY, up from 1.54 per cent in the previous month. It sees core inflation (excluding food and fuel) to come in at around 3.76 per cent YoY, a tad lower than 3.85 per cent in the previous month. Besides, it sees WPI inflation at 1.45 per cent in July 2017 against 0.9 per cent in June .

Investigation into Chinese trade practices likely
US President Donald Trump will on Monday order his top trade adviser to determine whether to investigate Chinese trade practices that force US firms operating in China to turn over intellectual property, Reuters reported senior administration officials as saying on Saturday.

IIP shrinks to 4-year low
India's industrial production fell to four-year low of 0.1 per cent in June as manufacturers reduced inventories ahead of the GST rollout. India's Experts believe that this onetime shock will reverse as the new tax regime settles down.

SAT lifts ban from 6 suspected shell cos
The Securities Appellate Tribunal (SAT) on Friday lifted curbs on trading in shares of six suspected shell companies a day after it allowed transactions to resume in the scrips of J Kumar Infraprojects and Prakash Industries, providing relief to investors in firms that reportedly deal in industries as diverse as property and alcoholic beverages.

SC asks Singh Bros to maintain stake in Fortis Health
The Supreme Court has told Malvinder and Shivinder Singh to maintain the current status of shares held by one of their companies in Fortis Healthcare. The order might block the brothers from selling any shares in Fortis Healthcare.

Sebi examining CRISIL's share purchase in rival CARE Ratings
The Securities and Exchange Board of India is examining Crisil’s June 29 purchase of an 8.9% stake in rival credit rating firm CARE Ratings after the latter complained the transaction was an attempt at a potential hostile takeover, said people with knowledge of the matter.

Asian stocks begin on weak note
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 per cent in its third session of declines, with Australia down 1.4 percent, Reuters reported. South Korea's KOSPI fell 1.3 per ceny in early trade, taking its losses this week to 2.8 per cent. Japanese markets were closed for a holiday.

US stocks settled higher on Friday
The Dow Jones Industrial Average index gained 14.31 points, or 0.07 per cent, to 21,858.32, the S&P 500 index rose 3.11 points, or 0.13 per cent, to 2,441.32, while the Nasdaq Composite .IXIC added 39.68 points, or 0.64 percent, to 6,256.56.