ETMarkets Morning Podcast: What will sway your market today

Hello there! Good morning.

This is Prachi Sharma, your market jockey, with the morning briefing to get you up and running for a busy day on Dalal Street.

Early good signs from US-China trade talks are

Soothing investor nerves this morning, but Wall Street did not have too great a run in overnight trade and Asian markets are mixed this morning.

That's where we start trade today.

Oil remains a key overhang. The prices are inching up as geopolitical tension from possible new US sanctions against Iran boiled.

The dollar held on to declines. The 10-year Treasury yield dipped overnight.

In market actions, SGX Nifty is a little down. That could put traders in the slow lane on Dalal Street.

In overnight trade on Wall Street, the S&P 500 and the Nasdaq ended lower after a choppy session. Disappointing earnings from several companies offset strong economic data. The Dow carved out minor gains though.

Asian stocks began Friday mixed as investors tracked the monthly US jobs report. Australian shares were little changed while South Korean equities slipped.

In corporate news, the government is unlikely to accept SoftBank’s demand to fix tariffs in dollars or give a central guarantee to buy electricity from its plants. This could dampen founder Masayoshi Son’s proposal to invest a staggering $1 trillion by 2030.

Chhabria cousins belonging to the founder families of the Finolex Group are at loggerheads. The fight has taken a murky turn over corporate governance issues.

Bharti Airtel plans to raise as much as $1.5 billion by diluting about a fourth of its stake when it lists the holding company for Africa operations in early 2019, said those privy to the matter.

There is also a buzz that Flipkart’s executive chairman Sachin Bansal may exit the company once negotiations with Walmart seeking a majority stake in the company turn successful.

Lenders to power sector led by SBI have decided to float a fund to take over 14 stressed plants of firms like KSK Energy and IndiaBulls.

In March quarterly earnings, you can keep an eye on Ambuja Cements, BASF, PVR, GE Shipping and Godrej Properties today.

That’s it for today. Thank you for listening in. Do log on to www.etmarkets.com for round-the-clock market coverage, lots of investment tips and dozens of stock recommendations from top brokerages.

Enjoy your trading day and make lots of money. Until tomorrow... good bye.