Stock Market Today: Dalal Street was expected to have a successful start on Friday as the GIFT Nifty on the NSE IX trading 45.5 points, or 0.23 percent, higher at 19,497. On the daily charts, Nifty on Thursday expiry generated a bearish candle with a lengthier lower shadow by finishing 145 points under the 19,400-level. According to Chandan Taparia of Motilal Oswal, as long as it stays below 19,420 zones, weakness might be noticed towards 19,200 and 19,100 zones, while obstacles are set up at 19,560 and 19,650 zones.
Tokyo stocks opened higher
After two straight days of severe losses, Tokyo stocks eked out a small gain on Friday as investors awaited important US jobs data.The benchmark Nikkei 225 index increased by 0.38 percent, or 123.65 points, to 32,282.93 in early trade after initially opening down. The more inclusive Topix index increased by 0.44 percent, or 9.94 points, to 2,278.29.
Crude oil prices
After the second- and third-largest crude producers in the world, Saudi Arabia and Russia, agreed to reduce output through next month, oil prices jumped for a second day on Friday and are on pace for their sixth week of rises.
Stock Market Today: Stocks in focus
State Bank of India
State Bank of India, Mahindra & Mahindra, Britannia Industriess, Aditya Birla Fashion and Retail, Alembic Pharmaceuticals, Bharat Dynamics, BHEL, CESC, Dilip Buildcon, Delhivery, Devyani International, Edelweiss Financial Services, Fortis Healthcare, Gati, Gujarat State Petronet, IDFC, JK Tyre & Industries, Kolte-Patil Developers, Shipping Corporation of India, Tatva Chintan Pharma Chem, and Welspun Corp will be in focus ahead of declaring their quarterly earnings today.
Maruti Suzuki India
The largest automaker in the nation announced that the board of directors will meet on August 8 to discuss the method of paying the consideration for acquiring Suzuki Motor Corporation’s entire equity investment in Suzuki Motor Gujarat. Suzuki Motor Corporation will receive payment in the form of either cash or a preferred issuance of Maruti Suzuki equity shares.
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