8 Things To Know Before Today’s Opening

Several developments have occurred across the globe. How will these mixed cues affect the Indian markets today? Will we see another day of losses or will the markets gain some strength today?

1. The US markets rallied over a report in The Wall Street Journal by economics correspondent Jon Hilsenrath which said Federal Reserve officials are likely to cut down bond purchases, but will maintain their monetary easing. It also said officials will review the language used to describe its future plans. Impact: Positive
2. US data showed a more-than-expected climb in durable goods orders, driven by aircraft bookings. Impact: Positive
3. Applications for employment benefits climbed by 7000 to 343000 according to data released by the Labor Department in the week ended July 20. The average of new claims over the last month however dropped by 1250 to 345250, which is the lowest level in three months. Impact: Positive
4. Loans to private sector in the euro-zone weakened to -1.6% in June 2013, from -1.1% in May 2013. Impact: Negative
5. UK GDP for Q2 2013 came in at 0.6% growth on a quarterly basis showing weakness still exists in the economy. Impact: Negative
6. Germany’s Ifo business confidence index rose to 106.2 in July 2013 from 105.9 in June 2013. Impact: Positive
7. Asian stocks have been lower because of worries over China’s growth. Although the government announced a stimulus package aimed at small businesses and boosting railways, concerns continue to linger over the economy. Impact: Negative
8. The rupee eased a little and ended the day at 59.11 to the dollar. Impact: Positive

Global cues have been mixed since the last couple of days. Important macroeconomic data released across the globe was expected to put the markets through considerable volatility. We can see this happening as markets across the globe react differently.

This volatility is expected to continue in the Indian markets today. Although the day looks like it will start on a positive note, the course ahead is bound to be marked by volatility.