Bulls to remain in control at Dalal Street
Indian markets are likely to post a bullish opening on Monday as traders eye the next batch of quarterly earnings and hope that the upcoming monsoon session. SGX Nifty is trading at 20 points higher.
Indian shares fell on Friday, underperforming Asian peers, as blue chip Infosys Ltd fell as much as 10.6 percent after the software services exporter posted disappointing results and slashed revenue forecasts. The S&P BSE Sensex and CNX Nifty fell 0.38%-0.28% each.
On Friday (July 15, 2016), the BSE SENSEX closed at 27836.5, down by 105.61 points or by 0.38%, and the NSE Nifty ended at 8541.4, down by 23.6 points or by 0.28%.
The U.S. dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while a giant takeover bid in the tech sector and the promise of central bank stimulus lent support to equities.
The shares of European travel and leisure companies fell on Friday, weighing on the region's stock markets, after an attack in the French city of Nice that killed more than 80 people.
The Dow Jones Industrial Average edged higher Friday to post its fourth straight record close, while the S&P 500 broke its win streak as the rally lost strength ahead of the weekend.
Major Headlines of the day:
•Sugar Stocks In Focus: Record Brazilian cane crushed
•Dabur, DRDO unit tie up for high altitude medicinal plants
•Mastek Q1FY17 consolidated net profit decines 39% qoq to Rs3.58 crore.
UPCOMING RESULTS : EXIDEIN, GRU, HINDUNILVR, MINDTREE, VERTEX, RELIANCE
Trend in FII flows: The FIIs were net buyers of Rs 1461.26 Cr in the cash segment on Friday while the DIIs were net sellers of Rs -1033.97 Cr, as per the provisional figures.