Stock Market Live Update: MS On Apollo Tyres 

  • Maintain equal-weight with a target price of Rs 503

  • See limited impact on earnings

  • Remained focussed on its margins and FCF

  • See this move as another positive step in that direction

  • Near term closure costs could keep margins under pressure

Oil Prices Erase Early Losses As Worries About US & China Trade Relation Weigh

Oil prices gave up early gains as worries about the US and China trade relations weighed on investors’ minds. There’s a difference in statements from the US and China regarding trade talks. While US said that the negotiation with the China is underway, Beijing said there no talks between the countries have taken place.

The brent crude was as much as 1.05% to $67.05 a barrel in Monday’s session. However, it erased all gains to trade 0.24% down at $66.71 a barrel as of 8:06 a.m.

Gold Prices Extend Losses To Second Day 

Gold prices extended losses to a second day Monday as hopes for ease in trade tension rose following benign developments on trade talks between US and Asian countries. Further, the dollar index rose which weighed on the bullion.

The Bloomberg gold spot declined 1.38% to $3,273.99 an ounce as of 7:57 a.m.

Asia Market Update: Mixed As Traders Assess Latest Stimulus Promises From China 

Markets in Asia-Pacific region were trading on a mixed note Monday morning as traders assessed recent stimulus measure announcements from China. Over the weekend, China’s Finance Minister Lan Fo’an said in a statement that the country will take more proactive macroeconomic measures and policies to support the growth target of the current financial year.

Despite stimulus announcement, the CSI 300 declined 0.17%. The Hang Seng index declined 0.36% as of 7:39 a.m.

Meanwhile, markets in Japan and South Korea rose. The Nikkei 225 and KOSPI were trading 0.64% and 0.28% higher, respectively as of 7:40 a.m.

US Market Update: S&P 500 Posts Longest Winning Streak Since January 

The S&P 500 posted the longest winning streak since January on Friday as fears about trade war abated on positive development on trade talks. Moreover, a rally in megacap stocks boosted overall markets on Friday.

On Friday, the Dow Jones Industrial Average and S&P 500 ended 0.05% and 0.74% higher, respectively. The Nasdaq Composite ended 1.26% higher.

GIFT Nifty Implies Muted Open; RIL, Tata Tech, IndusInd Bank Share Prices In Focus

The GIFT Nifty traded a little changed at at 24,230.50 as of 6:56 a.m., signalling a muted start for Nifty 50.

Reliance Industries Ltd., Tata Technologies Ltd., IndusInd Bank Ltd., RBL Bank Ltd. share prices may see movement in Monday’s session because of fourth quarter earnings released over the weekend.

The benchmark equity indices extended losses to the second day on Friday as investors pulled their money out on anticipation of escalation in tension between India and Pakistan.

The NSE Nifty 50 closed 207.35 or 0.86% down at 24,039.35, while the BSE Sensex ended 588.90 points or 0.74% lower at 79,212.53. Investors’ wealth declined Rs 1.92 lakh crore to Rs 190.15 lakh crore.

. Read more on Markets by NDTV Profit.The GIFT Nifty was trading flat early morning Monday. Traders will likely keep eyes on Reliance Industries, Tata Technologies, and IndusInd Bank Ltd share prices.  Read MoreMarkets, Notifications 

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