DAILY MARKET AND SENTIMENTS OUTLOOK, 19TH AUG, 2015

Dear Customer,

 

Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.

 

• U.S. stocks closed lower Tuesday following mixed earnings reports and upbeat new housing data.

Dow Jones	17511.3	-33.8	-0.19%
Dow Futures	17483.0	+1.0	+0.01%
Hangseng	23226.8	-248.1	-1.06%
Nikkie	20448.5	-106.0	-0.52%
SGX Nifty	8461.0	-13.0	-0.15%

 

• Asian stocks fell a fourth day as a deepening commodities selloff raised concern growth may be slowing in China, and as investors await clues from the Federal Reserve on the timing of a U.S. interest-rate increase.
• Market is expected to open on slightly negative note and likely to remain range bound during the day.
• ICICI Bank has acquired 8.89% stake in leading rose exporter Karuturi Global
• State Bank of India chairperson Arundhati Bhattacharya has said the bank is currently not looking at merging its associate banks, and is instead focusing on more important challenges.
• Power Grid has said the Rs 12,000-crore transmission line between Assam and Agra having 6,000-MW capacity will be commissioned by month-end.
• Rajesh Exports Ltd has bagged an export order worth Rs 1,170 crore from an UAE-based company for gold and diamond-studded jewellery and medallions.
• DLF sells four acre land parcel in Kochi for Rs 111 cr
• Infosys Bags Order From Fidelity Bank Of Nigeria
• Union Environment and Forests Minister Prakash Javadekar today said the government has approved an eco-sensitive zone around the Okhla Bird Sanctuary in Noida. In October 2013, the NGT had restrained New Okhla Industrial Development Authority from issuing completion certificates for structures falling within 10 km of Okhla bird sanctuary. DLF ’s Mall of India in Noida and 4 other realty projects fall within this radius. Approximately  20,000 flats of Jaypee Infra also fell within the radius.
• Contesting a Rs 10,247-crore tax demand raised on its eight-year old internal business recognition, British oil explorer Cairn Energy has said it will seek damages from the government for the loss in value of its holdings suffered because of the notice.
• The government has scrapped the privatisation of four major airports - those at Chennai, Kolkata, Jaipur and Ahmedabad. While the airports at Chennai and Kolkata will continue to remain under the complete control of the Airports Authority of India (AAI), fresh bids for the Jaipur and Ahmedabad airports will be invited from private players. These bids, however, would only be for operation and maintenance contracts,