ETMarkets Morning Podcast: Your Daily Digest Of Market News, Views And Cues


From ETMarkets.com, I am Prachi Sharma. And This is Markets Morning,


the headlines first...

Nifty at kissing distance of lifetime high, but trade war returns to haunt market

TCS Q1 shows investors have a lot to cheer

Andhra tops states in ease of doing business


France makes it to FIFA World Cup final

Good morning. This is Wednesday, July 11. As always, it's good to have you with us for the morning briefing.

A day after Sensex retook Mount 36k and Nifty moved within kissing distance of lifetime high, the market rally is at the risk of fizzling out amid a new threat from the US to slap more tariffs on Chinese goods.

Asian stocks retreated this morning, with South Korea's losing 1 per cent and Japan's Nikkei 1.2 per cent. Shanghai Composite slipped nearly 2 per cent.

US stock index futures slipped. In overnight trade, the Dow Jones Industrial Average advanced some 143 points, S&P500 added 10 points and the Nasdaq 3 points.

In Singapore, Nifty futures traded with a minor cut, signalling a muted start for Dalal Street.


Some solid June quarter numbers from TCS seem to have created some optimism on the IT counter. The IT major on Tuesday beat Street estimates to report 23 per cent year-on-year growth in consolidated profit at Rs 7,340 crore. Sales rose 16 per cent.

Auto mart is smiling too. Domestic passenger vehicle sales expanded 37 per cent in June, registering fastest growth in nearly eight years. SIAM data showed a low base effect also contributed to this spectacular performance.


Something big is brewing in the exchange space. NSE and the Multi Commodity Exchange are in talks to combine their operations and provide a one-stop shop for trading in all kinds of products. Those in the know said the two exchanges have appointed global investment banks to help in the discussions.


the much-hyped ICICI Securities IPO continues to cause pain. Several domestic mutual fund schemes, which had subscribed to the issue in March, are said to have dumped the shares at a loss within three months of its listing.


India is considering replacing multiple charges on telecom companies with a single levy. But any recast will have to be revenue neutral, the finance ministry said.


For the second year in a row, Andhra Pradesh emerged the best state in India in terms of Ease of Doing Business. Telangana and Haryana took second and third spots.


RBI’s firefight to rescue the rupee is intensifying. The central bank sold as much as $12 billion in May in the spot and forward markets together, as foreign fund outflows soared amid trade war fears.

Oil prices fell on Wednesday. Brent futures slipped $1.10 to $77.76 a barrel, while WTI crude fell by 68 cents to $73.43.


Bharti Airtel plans to raise about $1 billion (Rs 6,900 crore) through overseas loans to refinance its high-cost debt

Axis Bank board has shortlisted three candidates to succeed Shikha Sharma as the chief executive.


HDFC Group has crossed the Rs 10 lakh crore market capitalisation milestone, being the country’s second corporate entity to do so after the salt-to-software Tata Group.


France has booked its berth in the final of Fifa World Cup. They beat neighbours Belgium 1-0 in a roller-coaster semifinal clash last night. Croatia and England lock hornstonight for the other berth

That’s it for today. Thank you for listening in. Do log on to www.etmarkets.com for round-the-clock market coverage, investment tips and dozens of stock recommendations. Have a great trading day ahead and make lots of money... good bye

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Source : https://economictimes.indiatimes.com/markets/stocks/news/etmarkets-morning-podcast-your-daily-digest-of-market-news/articleshow/64941748.cms

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ETMarkets Morning Podcast: Your daily digest of market news, views and cues