NEW DELHI: Domestic benchmark indices are likely to dance to the tune of global developments as the two-day G20 summit will kick off in Buenos Aires on Friday. Whether the US and China agree on a trade deal will be a key question that markets will seek an answer to.
Let's check out what might matter to Dalal Street all through the day:
Singapore trading sets stage for positive start
Nifty futures on the Singapore Exchange were trading 8 points, or 0.07 per cent, higher at 10,924, indicating a positive start for the Nifty50.
Tech view: Nifty forms bullish candle
The index has completed its 50 per cent retracement of entire down leg from 11,760 to 10,004 levels. It also managed to close above 200-day SMA on a closing basis, indicating a bullish breakout. Thursday marked the third day of higher high and higher low formation for the index. Market breadth improved too. The index could eye 11,000 level in coming sessions, say analysts.
F&O rollovers at 82%
Nifty futures rollover stood at 72 per cent, which were higher than the average rollovers of 69 per cent seen in the last three series. Market-wide rollovers also jumped to 82 per cent against 81 per cent average rollovers in the previous three series. Dip in Nifty futures open interest by 12 per cent was indicative of short coverings, Edelweiss Securities said in a note. .
China factory growth stalls in Nov
The official Purchasing Managers Index (PMI) fell to 50.0 in November from 50.2 in October, Reuters reported. The 50-point mark is considered neutral territory, indicating no growth in activity or contraction on a monthly basis.
Fed minutes show rate hike likely in Dec
Almost all Federal Reserve officials at their last meeting agreed another interest rate increase was “likely to be warranted fairly soon,” but also opened debate on when to pause further hikes and how to relay those plans to the public, Reuters reported.
US-China trade deal in the offing?
US President Donald Trump said that he is very close to doing something with China. “But I dont know that I want to do it,” Trump told reporters as he left the White House to fly to the G20 summit in Buenos Aires.
Asian shares cautious ahead of G-20 meet
Share markets ticked slightly lower in early Asian trade on Friday as investors await a closely watched meeting between the Chinese and U.S. presidents in Argentina this weekend for signs of a trade war détente, Reuters reported. MSCIs broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent. In Japan, the Nikkei was up 0.2 per cent.
US stocks settled lower
The Dow Jones Industrial Average fell 0.11 per cent, to 25,338.84, the S&P500 index lost 0.22 percent to 2,737.8 and the Nasdaq Composite dropped 0.25 per cent to 7,273.08 at Thursdays close. US stock market futures pointed to more weakness on Friday, with S&P e-mini futures ticking down 0.14 per cent to 2,740.5, Reuters reported.
Oil prices drop on rising supplies
Oil prices slipped on Friday after the United States reported a 10th straight weekly gain in commercial crude reserves amid record output, Reuters reported. US WTI crude futures were at $51.30 per barrel, down 15 cents, or 0.3 per cent from their last settlement.
Japans factory output jumps the most since 2015
The 2.9 percent rise in output handily beat a median market forecast of a 1.2 percent increase, and followed a revised 0.4 percent drop in the previous month, Reuters reported.
Rupee ends 77 paise higher
The rupee vaulted 77 paise to a three-month high of 69.85 per US dollar Thursday, propelled by easing crude oil prices and fresh foreign capital inflows.
Key RBI panel will be tested at board exam
The role and powers of the committee of the central board (CCB) of the Reserve Bank of India (RBI) are in the spotlight. It will be a key element in the debate on governance at RBI and the responsibilities of its board of directors.
Pabrai fund sells Repco Home shares
Value investor Mohnish Pabrais fund sold 9.5 lakh shares of Repco Home Finance on Thursday via a bulk deal. The Pabrai Investment Fund IV LP sold 3.85 lakh shares at ?335.59 per share, the data on the BSE showed
Sun Pharma clarifies to the bourses
Sun Pharma on Thursday said it has disclosed all information under Section 30 of Sebis (LODR) rules, in response to queries raised by exchanges regarding ET story published on Wednesday on Macquarie note.
DIIs buy Rs 973 cr worth of equities
Foreign portfolio investors (FPIs) bought Rs 823 crore worth of domestic stocks on Thursday, provisional data available with BSE suggested. DIIs were net buyers to the tune of Rs 973 crore, data suggested.