Top 8 things to look out in the market today
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The Nifty Futures, traded on the
China's Shanghai Index plunged 5 percent and Hong Kong's Hang Seng Index dropped 4.8 percent. Chinese retail investors are exiting markets owing to fears that
The Nifty, meanwhile, is likely to face resistance at 8,560 levels and a strong support is seen in the 8,420-8,370 band. The Index closed at 8,510 points the previous day. A drop in Chinese stocks may prompt FIIs to move some money to Indian
Weak Commodity prices globally are likely to comfort Indian stocks in the medium term: Copper is near 6-year lows, Gold trades at 4-month lows and Crude oil quotes at 3-month lows. However, a sustained fall in commodity prices points to an impending global slowdown. Such an event will be negative for Indian equities, despite lower input costs.
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STOCKS TO WATCH
MARUTI: Four-wheeler giant says it is confident of `double-digit' growth despite pressure.
PROCTOR & GAMBLE: HDFC Mutual Fund sells 2 percent stake in the
(Image credits: openmarkets)
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