What changed your markets while you were sleeping

Stock market - Thinkstock PhotosGST collections dropped to Rs 93,960 crore in August from Rs 96,483 crore in the previous month, the Finance Ministry said Saturday.

Strong GDP growth numbers, PMI readings globally, rupee movement and crude oil prices may dictate the direction of the domestic market. Let’s check out what all might matter to Dalal Street on Monday:

Singapore trading sets stage for tepid start
Nifty futures on the Singapore Exchange were trading flat at 11,774, indicating a tepid start for the Nifty50.

Asian markets see tepid start
Asian stocks dipped on Monday on worries about further escalation of the US-China trade war and unstable emerging market currencies. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent while Japan’s Nikkei fell 0.4 per cent though trade could be subdued due to a US market holiday on Monday.

Tech view: Nifty forms long-legged Doji pattern
The Doji formation on Friday was not at the swing high and, therefore, this pattern doesn’t have any significant predictive value. Aditya Agarwala of YES Securities believes a sustained trade above 11,750 could trigger a breakout from a Flag pattern, which can take the index to 11,850-11,900 levels. But a trade below 11,639, he said, will trigger a breakdown.

Japan manufacturing PMI rises in Aug

Japanese manufacturing activity expanded in August (52.5) at a slightly faster pace than the previous month (52.3) as new orders accelerated, but a decline in export orders may raise concerns about the impact of trade protectionism, Reuters reported.

US stocks ended mixed on Friday
The Dow Jones Industrial Average index fell 22.1 points, or 0.09 per cent, to 25,964.82, the S&P500 index gained 0.39 points, or 0.01 per cent, to 2,901.52 and the Nasdaq Composite added 21.17 points, or 0.26 per cent, to 8,109.54, Reuters reported.

India’s GDP growth at 8.2% in Q1
The country’s gross domestic product (GDP) growth rate for the first quarter (April – June) of fiscal year 2018-19 surged to a more than two-year high of 8.2 per cent, government data showed on Friday. The GDP growth rate in the last quarter was 7.7 per cent while that in the first quarter of the previous financial year (2017-18) stood at 5.59 per cent.

Re may slide to 73 by Dec: ET poll
The rupee may slump to 73 to a dollar by December if emerging market (EM) currencies collectively head south in their response to the steady and unidirectional gains for the US unit, pointing to a period of sustained volatility in the foreign-exchange market.

Tightened rules soon for FPIs in Mauritius
The Mauritius story has taken a new turn as the government and the capital marketregulator discuss fresh criteria to stop ‘dubious’ money flowing into the country — particularly, in the run up to the 2019 elections.According to a new yardstick, foreign portfolio investors (FPIs) coming from countries which are not members of the Financial Action Task Force (FATF) will have to meet stricter disclosure standards, and face greater scrutiny and regulatory hurdles.

Auto stocks in focus
Passenger vehicle sales in India fell for the second consecutive month in August, hurt by the floods in Kerala and due to the high base of last year.Based on the numbers reported by automakers, August PV sales are estimated to be 2-3 per cent lower than a year earlier, even as demand for commercial vehicles remained strong in the past month.

RBI buys gold for first time in decade
The Reserve Bank of India (RBI) has bought gold for the first time in nearly a decade, signalling that the metal could be in demand as a store of value when returns and capital values of fixed-income bonds are declining in a rising rate environment.

FPIs infuse Rs 5,100 cr in Aug
Foreign investors have infused over Rs 5,100 crore into the country’s capital market in August — the second consecutive month of inflow — on improvement on the macro front, better corporate earnings and correction in the mid-cap and small-cap space.

GST collection drops in Aug
GST collections dropped to Rs 93,960 crore in August from Rs 96,483 crore in the previous month, the Finance Ministry said Saturday. The last date of filing return of July in Kerala was extended up to October 5, in view of the flood.

Fuel prices hit record high
Petrol and diesel prices have set a new record, pushed by a combination of the dramatic fall in rupee and a sharp rise in crude oil, resurrecting the demand for lowering of duties on the fuel. Petrol reached a peak of Rs 86.25 a litre in Mumbai and Rs 78.84 in Delhi on Sunday. Diesel rose to its highest levels of Rs 75.12 in Mumbai and Rs 70.76 a litre in Delhi.