The market is expected to open in the green on Thursday on mixed global cues. Political concerns may linger on the minds of investors as the Narendra Modi government will face a no-trust motion on Friday.
Here are the top 10 cues before the opening bell: Asian markets: Asian shares made early gains on Thursday as upbeat Wall Street earnings supported global investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.53 percent, while Japan’s Nikkei and the Australian benchmark advanced 0.42 percent and 0.38 percent, respectively. SGX Nifty: The Singapore traded SGX Nifty Futures traded at levels around 11,010 Vs Nifty July Futures' Wednesday close of 10,978, indicating a green opening for the Indian market. Oil: Crude oil prices extended gains from the previous session, buoyed after official data showed that US inventories of gasoline, diesel and heating oil unexpectedly fell last week. Brent crude futures had risen 8 cents to $72.98, Reuters reported. West Texas Intermediate (WTI) crude futures climbed 20 cents, or 0.3 percent, to $68.96, it added. Rupee: The rupee closed at 68.62 a dollar, down 0.24 percent from its previous close of 68.46. US markets: The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season. Market at close: The Sensex tumbled from its all-time high to end 147 points lower at 36,373.44. The Nifty too slipped below the 11,000 mark to finish at 10,980.45. DIIs/FIIs: Foreign portfolio investors (FPIs) sold shares worth a net of Rs 673.99 crore on Wednesday, while domestic institutional investors (DIIs) bought shares worth Rs 840.06 crore, PTI reported. Sugar sector: Prime Minister Narendra Modi headed CCEA approved Fair & Remunerative Price for 2018-19 sugar season payable by sugar mills at Rs 275 per quintal for a basic recovery rate of 10 percent for sugar. Real estate sector: Union minister Piyush Goyal is going to hold meeting with top banks, HFCs, NBCCs to discuss critical issues and possible measures to boost real estate sector today. Chiefs of SBI, PNB, BoB, NBCC, NHB, HUDCO, LIC Housing, HDFC, Yes Bank are expected to join the meet along with finance secretary, DEA secretary, among other government officials. June quarter results: Kotak Mahindra Bank, Bajaj Finance, Bajaj Fin services, ABB India, AB Money, DB Corp, Hatsun Agro, RBL Bank, Sagar Cement, Sterlite Technologies, Menon Bearing, GNA Axles, Omax Auto, Shree Digvijay Cement, Vikas Eco, VLS Finance are going to release their earnings for the first quarter of FY19 ended in June.