Stock Market Today


 

With mixed cues from Asian markets and no major positive cues, the domestic equity market is all set to see rangebound and stock-specific action on Friday.Let’s check out what all might matter to Dalal Street through the day:At 6.15 am, Nifty50 futures on the Singapore Stock Exchange were trading 8 points lower at 10,034, indicating a flat to negative opening for the domestic market.The Nifty50 on Thursday declined throughout the session but managed to hold on to 10,000 mark at the end. Contrary to general perception, an overwhelming number of people in states like Jharkhand, Sikkim, and Haryana -- where Assets Under Management (AUM) as a percentage of respective state domestic products (SDP) is low -- are trying to find out more about SIPs.MSCI's broadest index of Asia-Pacific shares outside Japan was marginally higher, with many investors reluctant to stake out fresh positions ahead of US job data later in the day, Reuters reported.

cent cues domestic index June market quarter shares stock The

 

President Trump derides the Russia investigation at a campaign rally in West Virginia, calling it "a total fabrication" and an excuse for Hillary Clinton's election loss.

calling Campaign derides investigation President rally Russia Trump Virginia West

 

In our previous note, we had mentioned that technical factors will continue to weigh heavy on the market. The overbought market continued to see consolidation on Thursday and saw a modest decline of 67.85 points, or 0.67 per cent.Two things have come to light in a very dominant manner.

bullish decline formation MACD market positions remains RSI signal The

 

Nifty index continued its profit-booking for the second consecutive session and corrected towards 10,000 mark. Now, if it sustains below 10,050, then profit-booking could continue towards 9,950-9,928 zones while on the upside hurdles are placed at 10,080 then 10,120 levels.

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Altria (NYSE: MO) strongly fell in price against the backdrop of FDA decisions.

Altria is the largest conglomerate engaged in the production and sale of cigarettes and alcohol.

Altria business cigarette decision dividend FDA NYSE Philip Morris sale shares

 

Bharti Enterprises have dropped its plans of pursuing a mega alliance with the Tata Group’s telecom, overseas cable and enterprise services, and direct-to-home TV businesses. KPMG, one of the Big Four audit firms, will conduct a thorough inspection of the accounts of the group.

Chinese India June loan maturing report Rs Videocon year yield

 

Woman sentenced in texting suicide case [-0.50]

Posted on Aug. 4, 2017, 1:59 a.m. by Distressed Volatility @ [source]

Michelle Carter was found guilty of encouraging her boyfriend to commit suicide through a series of text messages; Carter will serve 15 months in prison.

boyfriend Carter commit encouraging found guilty Messages Michelle suicide text

 

Mexican President Enrique Pena Nieto was firm about Mexico not paying for the wall that Trump ran his campaign on.

Enrique firm Mexican Mexico Nieto paying Peña President Trump Wall

 

West Virginia governor switches to GOP [0.00]

Posted on Aug. 4, 2017, 1:29 a.m. by Distressed Volatility @ [source]

West Virginia Governor Jim Justice announces he is switching his party affiliation from Democrat to Republican during a rally with President Donald Trump in Huntington, West Virginia.

affiliation announces democrat Governor Jim Justice party switching Virginia West

 

Firefighters douse flames from a vegetation fire in the hills along Grizzly Peak Boulevard in Berkeley, Calif., on Wednesday, August 2, 2017.

Berkeley Boulevard douse fire firefighters flames Grizzly Hills peak vegetation

 

Check Point Software Technologies (CHKP) is a company that provides hardware and software products and services for IT. Check Point provides security and support to protect the networks of data centers and small and large companies.

Check companies cyber security devices position Products protection security software Symantec

 

A NATO soldier was killed and six other personnel were wounded in Afghanistan on Thursday after a suicide bomber attacked their convoy in Kabul province, a coalition statement said.

Afghanistan attacked bomber killed NATO personnel soldier suicide Thursday wounded

 

About 50,000 visitors had been ordered off the islands of Hatteras and Ocracoke in Dare and Hyde counties, respectively, creating hardship for businesses that depend on summer beach visitors.

counties creating dare hardship Hatteras Hyde islands Ocracoke ordered visitors

 

DBS Group Holdings, Singapore's biggest lender, reported an 8.5 percent increase in quarterly profit that came in line with market expectations, boosted by strong loan growth.

DBS, the last local bank to post results, said on Friday that net profit was S$1.14 billion ($840 million) in the three months ended June, versus S$1.05 billion a year earlier and an average forecast of S$1.15 billion from five analysts compiled by Reuters.

bank DBS forecast growth loan net profit reported results strong

 

Today's Picks: August 4, 2017 [-0.01]

Posted on Aug. 4, 2017, 12:30 a.m. by Markets @ [source]

Stop long positions at 9,970. Stop short positions at 10,115.

Add big falls gain index moves position Rs stop till