INSUBCONTINENT EXCLUSIVE:
Good morning, welcome to ETMarkets Morning Podcast!
IMF's upbeat growth forecast for India, a spike in stocks globally and Nifty formations
on technical charts are giving investors a lot of comfort this morning
This is Prachi Sharma, your market jockey, bringing you all the news, views and cues to get you ready for the day ahead.
Early this morning,
Nifty futures on Singapore Exchange traded with moderate gains, signalling a positive beginning for Dalal Street
Asian equities advanced in early trade, helped by an encouraging start to the US earnings season
Japan's Nikkei was up more than 1 per cent and so did Korea's Kospi
Chinese shares climbed more than half a per cent
US stocks rallied for the second day on Tuesday, driven by optimism over earnings
This is adding to evidence that a strengthening US economy is lifting corporate bottom lines
The Dow Jones rose 214 points to 24,787, the SP500 more than 1 per cent and the Nasdaq 1.74 per cent.
The rupee lost about 1 per cent in the
past three sessions to close at 65.65 a dollar Tuesday, a level not seen since September 27 last year
Oil prices inched up on Wednesday, lifted by a reported fall in US crude inventories and the ongoing risk of supply disruptions
Brent crude oil futures were up half a per cent at $71.90 a barrel while WTI crude futures also hardened by half a per cent to $66.85
In Q4 earnings, companies such as ACC, HDFC Standard Life Insurance, Mastek and MindTree are due to report their numbers during the day.
On
Dalal Street, Electrosteel Steels is set to become the first of big defaulters to see bankruptcy resolution, with the NCLT approving
Fortis Healthcare, signalling further extension of the bidding war.
In one of the largest debt issuances this year, Tata Steel has raised
about $1.9 billion through syndicated loans for its Singapore units Nat Steel Asia and TS Global to refinance existing high-cost debt.
Bank
of Baroda is in news as CBI has quizzed six bank officials in connection with the Rs 3,69 crore bank fraud involving Rotomac .
If you are
looking for more stock-specific triggers, there are plenty and over a dozen stock recommendations from top brokerages on
www.etmarkets.com.
If you need them daily, simply download our app on your phone and keep getting them on the move
We now also offer them in many other languages, besides English
Thank you for listening in
Do enjoy your trading day and make lots of money.
