The Indian market may turn volatile on Thursday, as traders rollover their positions in the derivatives segment from July series to the August series on the last day of F&O expiry today. On the earnings front, Bank of Baroda, GE Shipping, HCL Tech, ONGC, NHPC, Siemens and Hero Honda are among the companies that are set to unveil their quarterly earnings today.
Tracking cues from Wall Street, where stocks drifted lower overnight following a decline in durables goods orders and the Federal Reserve’s none too encouraging remarks about the U.S. economy, the Japanese stock market is trading weak on Thursday.
The Australian stock market is trading lower on Thursday with investors tracking cues from Wall Street and indulging in some selling in a few front line stocks from financial, energy and consumer discretionary sectors.
Stocks posted notable losses on Wednesday, as the Federal Reserve’s Beige Book showed some signs of a stalling economic recovery and the Commerce Department reported an unexpected drop in durable goods orders. The markets fell on the news, which continued to call into question the veracity of an economic rebound in the absence of government stimulus.