Important Information for August 5 Stock Trading Strategy
Major benchmarks are expected to open higher as indicated by global indices. Nifty futures on the Singapore Stock Exchange traded 53 points, or 0.30%, at 17,450, signaling Dalal Street was heading for a positive start on Friday.
On Thursday, the BSE Sensex finished 51.73 points or 0.09% lower at 58,298.80. Its NSE counterpart, Nifty50, finished 6 points or 0.04% lower to close at Rs 17,382.
Rupee on Thursday
The rupee lost 25 paise to close at 79.40 against the US dollar on Thursday, posting its second day of losses.
Wall Street Thursday
Wall Street’s major indexes ended mixed on Thursday, with gains in high-growth stocks offsetting losses in energy stocks as investors awaited the monthly jobs report for clues on the pace of interest rate hikes by the Federal Reserve.
Oil prices extended losses on Friday, after hitting their lowest since before Russia’s invasion of Ukraine in February in the previous session, as the market worried about the impact of the inflation on global economic growth and demand.
Foreign Institutional Investors (FII) bought net shares worth Rs 1,474.77 crore while Domestic Institutional Investors (DII) sold net shares worth Rs 46.79 crore on August 4, according to preliminary data available on the NSE.