*All You Need To Know Going Into Trade On Sept. 05*

👉Asian stocks followed U.S. equities lower amid continued pressure in many emerging markets and as trade tensions persisted.

👉Equities posted modest declines in Japan, Australia and South Korea, while futures on indexes in China and Hong Kong pointed to a weaker open.

👉The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.2 percent lower at 11,561

👉U.S. stocks fell, Treasuries weakened and the dollar climbed as trade tensions persisted and emerging markets remained under pressure

👉European shares declined as concerns about world trade and emerging markets prevailed, with all but one sub-sector falling.

👉Japan’s Topix index fell 0.5 percent.
👉Australia’s S&P/ASX 200 Index lost 0.3 percent.
👉FTSE China A50 Index futures sank 0.4 percent.
👉Futures on Hong Kong’s Hang Seng fell 0.9 percent.
👉The S&P 500 Index futures were down less than 0.1 percent.

*COMMODITY*

👉West Texas Intermediate crude dropped 0.7 percent to $69.38 a barrel.
👉Gold was flat at $1,191.40 an ounce.
👉The Bloomberg Commodity Index declined 0.7 percent.

*Here are some key events to watch out for this week*
👉Australian GDP data for the second quarter comes out Wednesday.

👉Executives from Facebook, Twitter and Google on Wednesday testify on social media, Russia meddling.

👉The monthly U.S.
employment report for August is due Friday

*STOCK TO WATCH*

💥Sun Pharma Advanced Research releases deadlines for the U.S. FDA to review its two new drugs ‘Xelpros’ and ‘Elepsia’ as November 2018 and January 2019, respectively. The company also said that it will shift its research facility to Vadodara and file a new drug application for its cancer drug ‘Taclantis’ in the fourth quarter of this financial year.

💥Qatar Airways CEO Akbar Ali Baker says he won’t rule out any future opportunity for investing in Indigo. He also said that if the airline approached them, they gulf-based carrier will show interest. He also added that Qatar Airways is open for partnership with a local partner who is credible and financially sound. (PTI)

💥LT Foods arm Nature Bio Foods secures equity funding of Rs 140 crore from Rabobank’s India Agri Business Fund II. This investment will facilitate further development of a retail consumer portfolio through the ‘EcoLife’ brand which offers rice, rice flour, staples, spices, nuts, etc.

💥Emami Infrastructure mulls modifying its memorandum of association by entering into manufacturing of crude drugs and raw materials, pharmaceutical preparations, aerated and mineral waters and similar other preparation. The annual general meeting of the company is scheduled on September 27.

💥Jet Airways announces its six-day global fare sales.
The sale is effective till September 7 and covers 2.5 million seats over its network and will offer savings up to 30 percent on economy class and premiere class fares.

💥NBCC Limited gets direction from National Green Tribunal to provide a report on the revival of the Purana Qila lake in Delhi after a plea alleged that the project was being undertaken in a manner which would damage the environment.

💥The plea said that the method of concretization and laying down of the sheets will cause damage to the lake.

💥Texmo Pipes and Products receives orders of HDPE pipe worth Rs 81.30 crore from Larsen & Toubro Limited . The execution period of the aforesaid order is nine months.

💥McNally Bharat Engineering receives construction order worth Rs 108 crore from NLC India . The project will be undertaken in Odisha.

💥Dr. Reddy’s Lab received tentative approval from USFDA for Esomeprazole Magnesium Tablets

*FUTURE OPTION*

Nifty September Futures closed trading at 11,573.1 premium of 52.8 points versus 59.4 points.

Sept. series: Nifty open interest up 0.3 percent; Bank Nifty open interest up 3.4 percent.

India VIX ended at 13.7, up 2.9 percent.

Max open interest for the September series call at 11,800 strike price call option (open interest at 41.6 lakh share, open interest up 20 percent).

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