News for Master Trust Limited (MASTERTR.BO)

India-Business News: Equity markets are bracing for a volatile, holiday-shortened week, influenced by US-China trade war developments and key Q4 earnings from Indian giant

Stock markets will be driven by further developments on the US-China tariff war front along with quarterly earnings announcements from IT majors Wipro and Infosys in a holiday-shortened week, analysts said. Global market trends and trading activity of foreign investors would also dictate market movement this week, experts noted.

Thirteen companies, including CRISIL, Hexaware and Quess Corp, are set for key corporate actions like dividends, stock split, rights issue, and spin-off in the holiday-shortened trading week.

Domestic markets face downtrend pressure amid global headwinds, with focus on US tariff measures and FII behavior.

Equity benchmark indices are facing massive corrections, with the NSE Nifty declining over 14 per cent from its lifetime high hit in September last year due to several negative triggers like stretched valuations, foreign fund exodus, disappointing quarterly earnings and rising global trade tensions dragging markets lower. The BSE benchmark Sensex hit its record peak of 85,978.25 on September 27 last year, and the Nifty also reached a lifetime high of 26,277.35 on the same day.

Global trends, trading activity of foreign investors and news flow on tariffs are expected to influence movement in the equity market in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Wednesday for 'Mahashivratri'.

Equity markets closed for Mahashivratri; analysts predict cautious mood, influenced by global trends, tariffs, and key indicators.

Stock markets are expected to be driven by global trends and FPI trading activity this week after the conclusion of the earnings season, analysts said. Unabated foreign fund outflows, lower-than-expected quarterly earnings and global trade war fears hit market sentiments last week, where the benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday.

Benchmark indices Sensex and Nifty extended their losing streak to the eighth consecutive session on February 7. The BSE Sensex plunged 2,644.6 points, or 3.36%, while the NSE Nifty fell 810 points, or 3.41%, over the last eight trading days.

Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would also influence the markets.

Atlas Cycles, Univastu India, ARSS Infra, Bharatiya Global Infomedia and Indo Thai Sec, hit their fresh 52-week highs during the day.

Adani Ent., Trent, BPCL, BEL and Adani Ports SEZ were among the top losers on NSE in today's trade.

The Nifty Pharma index closed 2.13 per cent at 21903.35.

Domestic markets under pressure, industrial activity revives, equity market sell-off, FIIs intensify selling spree, US data impacts global markets.

Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said.

SEBI tightens regulations for SME IPOs, but issuances remain strong, with 14 companies planning to raise ₹557 crore.

Macroeconomic data announcements, trading activity of foreign investors and global trends will guide equity market movement this week, which would also mark the beginning of the new calendar year and month, analysts said.

In the Nifty 50 index, 30 stocks were trading in the green, while 20 stocks were trading in the red.

Stocks including Reliance Industries, Torrent Pharma, L&T, Voltas, RITES, Marico, Concor, Godavari Biorefineries and more will be the spotlight on Wednesday, October 30.