Stock Trading News : - Indian shares are likely to open in the red,
tracking weakness in Asian markets and on Wall Street overnight, after oil
prices unwound a rally from day before. At the time of writing, the SGX Nifty
in Singapore was trading 0.3 percent, or 23 points lower, to 7,433. The
market's weakness comes a day after Chinese monthly exports were shown to have
dropped 25 percent, to the lowest since May 2009. Today's move has been driven
by a shift in capital from risk assets to safe havens: the yen rose while gold
held steady in trade. Traders are likely to be cautious as long as Nifty stays
below the 7,500-7,600 zone, where it was believed it would meet resistance.
Further, markets will also take cues from action in Parliament, with key bills
such as the Bankruptcy Code, Aadhaar and the Real Estate bill up for passing.
In stocks in news, Monsanto and Kaveri Seeds may be in focus after a Financial
Express report said the government would cut BT seed trait fees paid to the
former by 70 percent. Idea said it would buy out Providence's 16 percebt stake
in AB Telecom for Rs 4,000 crore. While JSPL may also be eyed after reports
said a group of 18 lenders was mulling recalling loans worth USD 550 million
from the company. Tags India stock market
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