INSUBCONTINENT EXCLUSIVE:
This is Prachi Sharma, your market jockey, with the morning briefing to get you up and running for a busy day on Dalal Street
The clock ticks for the Karnataka results day tomorrow
There is no clear signal from the exit polls yet and that is what making investors more nervous
Nifty futures in Singapore were slightly negative early today, signalling a muted start for Mumbai trading.
That's the trade setup this
morning, Ladies and Gentlemen.
Most Asian markets struggled for direction early this morning
In Tokyo, the Nikkei 225 ruled just above the flat line
MSCI Asia Pacific gauge excluding Japan stood little changed.
The sideways trade in Asia came after US stocks mostly closed higher on Friday
The trigger came from President Donald Trump's earlier decision to scrap Iran nuclear deal
Oil prices dropped on Monday on relentless rise in US drilling activity
Meanwhile, resistance emerged in Europe and Asia to US sanctions against major crude exporter Iran
And that remains a big uncertainty for the oil price graph.
The dollar was steady
Ten-year US bond yields behaved, staying under 3 per cent
The rupee's woes are far from over
It has been one of the worst performing currencies in the emerging market pack in the past three months
Corporate earnings will continue to be one of the key market drivers
Hindustan Unilever, Bombay Dyeing and Abbott India are some of the notable names that are set to release their Q4 earnings today
Flipkart IPO is making news
If all goes according to plan, it could come in as early as four years
That's the latest from Walmart.
The initial public offering of Indostar Capital Finance was overall subscribed 6.7 times on Friday, the
third and final day of the bidding process
Some big corporate action now
SoftBank is figuring it out to invest more in Paytm Mall
The Japanese player is also making up its mind to sell its significant minority stake in rival Flipkart to Walmart, said those privy to the
matter.
There is more trouble brewing for tainted businessman Nirav Modi and his companies
The CBDT has given I-T sleuths the goahead for a nationwide probe on suspected cash purchase of diamonds and other jewellery from Nirav Modi
stores.
Reliance Jio Infocomm is up in arms against Bharti Airtel
licence conditions.
After Dena Bank, the Reserve Bank now is likely to impose certain restrictions on more PSBs under the Prompt Corrective
Action (PCA) mechanism due to worsening asset quality, a source said
Let's wrap with something that may cheer foreign investors
Sebi is trying to make their life easier
It's looking at some grey areas and trying to rework some rules
Thank you for listening in
Do log on to www.etmarkets.com for round-the-clock market coverage, lots of investment tips and dozens of stock recommendations from top
Enjoy your trading day and make lots of money
