Fears over the health of the Chinese economy kept world markets on edge last week and China country will remain in focus, along with the question of whether the Federal Reserve will raise interest rates next month.
Those concerns sent world stocks, commodities and currencies on a roller-coaster ride last week, and purchasing manager surveys due on Tuesday are expected to show manufacturing contracted during August in the world's second-biggest economy.
"China, the epicentre of the week's moves, is set to remain in focus over the next week as markets attempt to assess whether the worst of the sell-off has been seen," said Philip Shaw, chief economist at Investec.
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The market has seen sharp slide in early trade.
The Sensex is down 130.74 points or 0.5 percent at 26261.64, and
the Nifty slips 36.10 points or 0.4 percent at 7965.85.
About 319 shares have advanced, 426 shares declined, and 40 shares are unchanged.
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Jiya Eco-Products Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 05, 2015,
inter alia, to discuss the following:1. To consider and approve the yearly financials for the month ended on March 31, 2015.
2. To discuss and approve the Balance Sheet, Profit and loss account along with the Cash Flow Statement and notes to accounts, for the Financial Year ended on March 31, 2015.
3. To take on record the Auditors’ Report on Annual Accounts for the Financial year ended on March 31, 2015
.4. To Approve the Draft Director’s Report alongwith Annexures thereto for the Financial year ended on March 31, 2015.
5. To consider and adopt Code of Internal Procedures and Conduct for Prohibition of Insider Trading.
6. To Consider and approve the draft of the Notice of Annual General Meeting.Source : BSE
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Viewed as a referendum on Prime Minister Narendra Modi's government at the Centre, the forthcoming Bihar elections is shaping up to favour the NDA, says Jay Shankar, Chief India Economist & Director at Religare Capital Markets. Jay Shankar said as of now it is advantage NDA but we will have to see how it pans out over the next 45 to 60 days because a week in politics is a long time and we are still like six weeks away from the elections. Interestingly, the BJP has not announced any chief minister candidate yet in a bid to take milege out of Mr Modi's charisma. The he RJD-JD (U) combine on the other hand is going to the hustings with Nitish Kumar as the chief ministerial candidate
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Indian ADRs ended higher on Thursday. In the IT space, Infosys rose 0.32 percent at USD 17.27 and Wipro was up 0.02 percent at USD 11.71. In the banking space, ICICI Bank advanced 0.15 percent at USD 8.85 and HDFC Bank was up 0.19 percent at USD 57.80. In the other sectors, Tata Motors gained 0.81 percent at USD 25.41 and Dr Reddy's Laboratories added 0.94 percent at USD 63.81.
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FIIs net buy Rs 1,385 crore in Index Futures
FIIs net buy Rs 276 crore in Index Options
FIIs net buy Rs 9 crore in Stock Futures
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