INDEX NIFTY 16,240.30 -0.12% NIFTY FUT. 16,237.00 - | Start Learning

INDEX
NIFTY 16,240.30 -0.12%
NIFTY FUT. 16,237.00 -0.11%
SGX (8AM) 15,932.00 -1.87%

OUTLOOK
The Indian market is likely to open sharply lower taking ques from the global market.

GLOBAL MARKET
Wall Street ended sharply lower, biggest daily drop in two years as investors assess the impact of higher prices on earnings and prospects for monetary policy tightening on economic growth. The dollar and Treasuries gained amid a pickup in haven bids. Retailers are starting to reveal the impact of eroding consumer purchasing power, as profit of retailer, Target Corp first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Asian stocks tracked a steep Wall Street selloff as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war. U.S. Treasuries rallied overnight and were steady in Asia, leaving the yield on benchmark 10-year Treasury notes at 2.8931%. U.S. crude dipped 0.2% to $109.38 a barrel. Brent crude rose 0.26% to $109.4 per barrel.

RESULT
HPCL, Ashok Leyland, Bosch, Chambal Fertilisers & Chemicals, Container Corporation of India, Endurance Technologies, Gland Pharma, Dr Reddy's Laboratories, Godrej Consumer Products, Novartis India, Ramco Systems, Punjab & Sind Bank, Rossari Biotech, Ujjivan Financial Services, and Suryoday Small Finance Bank will release quarterly earnings today

FIIs/ FPIs
Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) sold shares worth net Rs.1254.64 crore and Domestic institutional investors bought shares worth net Rs.375.61 Crore on 18th May 2022.