Stock Market Live Updates: Global markets navigate Fed’s hawkish stance and economic indicators’ impact

Index Outlook: Nifty 50, Sensex: Strong supports ahead

Nifty 50 and Sensex are continuing their struggle to rise. Although the indices managed to inch higher in the first half of the week, they failed to get a strong follow-through rise. Both the indices fell sharply towards the end of the week giving back all the gains made during the week. Sensex and Nifty have been coming down over the last five weeks. However, as mentioned last week, the pace of fall has been slow. Thus, the recent fall is just a correction within the overall uptrend. Supports are coming up and the indices are likely to resume their overall uptrend going forward.

Adani-Hindenburg fallout: SEBI’s new disclosure norms may impact over 200 FPIs

Over 200 foreign portfolio investors will be impacted by the Securities and Exchange Board of India’s new disclosure norms that are set to become operational from November 1. There are 227 FPIs with over 50 per cent of their equity investments in a single stock or group of NSE listed companies. These have invested over Rs ₹1.98 lakh crore in over 140 corporate entities, the prominent ones being Adani, OP Jindal, GMR, and Hinduja groups. Of the 227 FPIs, 122 had 100 per cent of their holding in the particular company or group, data from primeinfobase.com shows.

Asian shares rise amid China’s market support, eyes on U.S. economic data

Asian shares crept higher on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation could decide whether interest rates have to rise again.

Beijing on Sunday announced it would halve the stamp duty on stock trading in the latest attempt to boost the struggling market and revive investor confidence.

The help was needed given profits at China’s industrial firms fell 6.7% in July from a year earlier, extending this year’s slump to a seventh month.

Chinese blue chips shed 2% last week to hit its lows for the year so far, and all eyes will be on the official PMI for August out on Thursday. Read more