CLOSING INDICES

17 Aug BSE CLOSED @ 38050.78 ✅ 173.44 Pnts & NSE CLOSED @ 11247.10 ✅ 68.70 Points, BankNifty Closed 21700.85 ✅ 21.45 Points & India VIX Closed 21.3075 ❌ 0.3650 Points 

STOCKS IN NEWS

 Stocks in the news

Fortis Healthcare Q1: Loss at Rs 187.9 crore versus profit of Rs 78 crore, revenue at Rs 605.9 crore versus Rs 1,138.3 crore (YoY).

Sun TV Network Q1: Profit at Rs 282.8 crore versus Rs 381.8 crore, revenue at Rs 606.1 crore versus Rs 1,080.4 crore (YoY).

Berger Paints Q1: Profit at Rs 15.1 crore versus Rs 176.4 crore, revenue at Rs 930.8 crore versus Rs 1,716.5 crore (YoY).

Lupin: Company announced results from its Phase 3 clinical trial to assess the efficacy and safety of single-dose Solosec in female patients with trichomoniasis.

NLC India: Company issued Commercial Paper of Rs 1,000 crore in favour of SBI Mutual Fund — SBI Liquid Fund.

Borosil Q1: Loss at Rs 7.4 crore versus profit at Rs 10.78 crore, revenue at Rs 56 crore versus Rs 129 crore YoY.

Jindal Steel & Power: SBICAP Trustee Company increased its stake in the company to 8.47 percent from 4.23 percent earlier.

Zee Learn: RattanIndia Finance acquired a 6.42 percent stake in the company by the invocation of pledge on August 12.

DIVIDENS & RESULTS

 Today's Corporate Action 17 th Aug Ex Date

BIRLACORPN Dividend - Rs. - 7.5000

CLNINDIA Final Dividend - Rs. - 11.0000

CUMMINSIND Final Dividend - Rs. - 7.0000

NATPEROX Dividend - Rs. - 12.5000

Today's Key Results 

17-Aug-20

AARSHYAM

ANNAINFRA

AREXMIS

BHARAT

BISIL

CANFINHOME

CHOKSI

CSL

DHANADACO

ELNET

EPIC

ERPSOFT

FLEXFO

FRUTION

HFCL

HINDMOTORS

HIRECT

HLEGLAS

INOVSYNTH

LUXIND

MAXIMUS

OPTIFIN

ORIENTPPR

PETRONET

PRANAVSP

SAINIK

SAPL

SASHWAT

SCOOTER

SHIVAMILLS

SICAL

SPSINT

SRECR

SUVENPHAR

SWADPOL

VIRGOGLOB

ZPPOLYSA

KEY EVENTS

 Here are some key events coming up:

Earnings include Alibaba, JD.com, Walmart, Home Depot, BHP Group, Nvidia and Qantas.

The EIA’s crude oil inventory report comes out Wednesday.

U.S. jobless claims for the week ended Aug. 15 are due Thursday.

China’s loan prime rate is due Thursday.

On Friday come euro-area PMIs.

These are the main moves in markets:

Stocks

Futures on the S&P 500 Index added 0.3% as of 9:05 a.m. in Tokyo.

Japan’s Topix index fell 0.2%.

Australia’s S&P/ASX 200 Index declined 0.3%.

Currencies

The yen was at 106.64 per dollar.

The offshore yuan traded at 6.9381 per dollar, up 0.1%.

The euro bought $1.1844.

The Bloomberg Dollar Spot Index slipped 0.1%.

Bonds

The yield on 10-year Treasuries remained at 0.71%.

Australia’s 10-year yield was steady at 0.93%.

Commodities

West Texas Intermediate crude rose 0.6% to $42.25 a barrel.

Gold fell 0.5% to $1,935.60 an ounce.

World Indices

 Asia stocks trade lower as U.S.-China tensions remain; Japan’s economy shrinks in second quarter

Stocks in Asia Pacific traded lower Monday morning as tensions between the U.S. and China continue to weigh on investor sentiment.

Japan’s Nikkei 225 slipped 0.37% in early trade while the Topix index dipped 0.16%.

Japan’s economy shrank 27.8% on an annualized basis in April-June, according to government data released Monday. That was the sharpest contraction on record, according to Reuters. The preliminary reading for Japan’s second-quarter gross domestic product compared against economists’ median estimate of a 27.2% decline, Reuters reported.

Shares in Australia also declined, with the S&P/ASX 200 down 0.27%.

Overall, the MSCI Asia ex-Japan index traded little changed.

Markets in South Korea are closed on Monday for a holiday.

U.S. President Donald Trump issued an executive order Friday forcing China’s ByteDance to sell or spin off its U.S. TikTok business within 90 days. In his order, Trump cited “credible evidence” that ByteDance “might take action that threatens to impair the national security of the United States.”

Meanwhile, Reuters reported over the weekend that a planned U.S.-China trade deal review initially set for Saturday was delayed with no new date agreed upon, citing sources familiar with the plans. The sources told Reuters that the delay was due to scheduling conflicts as well as to give time for more Chinese purchases of U.S. exports.

Those developments came as tensions between Washington and Beijing have heated up in recent weeks.

“For now there is no signs the trade deal is in jeopardy with the review’s postponement seen as an allowance for China to increase its purchase of US agricultural goods, which are way behind schedule,” Rodrigo Catril, a currency strategist at National Australia Bank, wrote in a note.

The U.S.dollar index, which tracks the greenback against a basket of its peers, was at 93.025 after its decline last week from levels above 93.6.

The Japanese yen traded at 106.61 per dollar, weakening from levels below 106.4 against the greenback last week. The Australian dollar changed hands at $0.7189 after touching the $0.711 handle last week.

Oil prices were higher in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.42% to $44.99 per barrel. U.S. crude futures also gained 0.55% to $42.24 per barrel.