Top 15 things to know before the opening bell on Thursday
The Indian stock market is likely to open lower on Thursday, tracking losses in global markets. The S&P 500 and the Nasdaq Composite fell 0.7% and 1.6%, respectively, on Wednesday.
Here are the top 15 things to know before the opening bell on Thursday:
- The Nifty50 is likely to open below the 19,500 level, tracking losses in global markets.
- The market is likely to remain volatile in the near term, as investors await cues from the US Federal Reserve’s monetary policy meeting next week.
- The rupee is likely to open weaker against the dollar, weighed down by the strength of the US currency and concerns about the global economic outlook.
- Oil prices are likely to remain volatile, as investors assess the impact of the US-China trade war and the potential for a global recession.
- The Indian government is likely to release data on industrial production and retail inflation for June later in the day.
- Investors will also be closely watching developments in the corporate earnings season.
- Here are some stocks that are likely to be in focus on Thursday:
- Infosys: The IT giant is likely to report its quarterly earnings on Thursday.
- Tata Steel: The steel maker is likely to report its quarterly earnings on Thursday.
- HDFC Bank: The private lender is likely to report its quarterly earnings on Thursday.
- Reliance Industries: The oil and gas giant is likely to report its quarterly earnings on Thursday.
- Bharti Airtel: The telecom giant is likely to report its quarterly earnings on Thursday.
- Global markets:
- US stocks fell on Wednesday, as investors weighed the impact of the US-China trade war and the potential for a global recession. The S&P 500 fell 0.7%, the Nasdaq Composite fell 1.6%, and the Dow Jones Industrial Average fell 0.6%.
- European stocks also fell on Wednesday, with the pan-European Stoxx 600 index down 0.8%.
- Asian stocks are set to open lower on Thursday, tracking losses in global markets. The Nikkei 225 is expected to open down 0.5%, the Hang Seng is expected to open down 0.7%, and the Shanghai Composite is expected to open down 0.4%.
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