{"id":12716,"date":"2021-08-09T02:55:44","date_gmt":"2021-08-09T02:55:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/09\/sensex-nifty-seen-lower-amid-fed-policy-speculation\/"},"modified":"2021-08-09T02:55:44","modified_gmt":"2021-08-09T02:55:44","slug":"sensex-nifty-seen-lower-amid-fed-policy-speculation","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/09\/sensex-nifty-seen-lower-amid-fed-policy-speculation\/","title":{"rendered":"Sensex, Nifty Seen Lower Amid Fed Policy Speculation"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares look set to open lower on Monday as strong U.S. employment data spurred bets for an early tapering of the Federal Reserve&#8217;s bond-buying program.<\/p>\n<p>Key macroeconomic data and the latest batch of corporate results may sway sentiment as the week progresses. <\/p>\n<p>Industrial output data for June and CPI inflation numbers for August will be released on Thursday. <\/p>\n<p>BPCL, Eicher Motors, Grasim Industries, Hero MotoCorp, Jindal Steel &amp; Power, Lupin, ONGC, Shree Cement and Tata Steel are among the prominent companies that will unveil their quarterly earnings this week. <\/p>\n<p>Benchmark indexes Sensex and the Nifty rose about 3 percent last week to snap two weeks of losses, with banks and IT stocks leading the surge.<\/p>\n<p>Asian stocks traded mixed as Chinese trade data disappointed and the U.S. Senate moved closer to passing a $1 trillion bipartisan infrastructure bill. <\/p>\n<p>The dollar hit a four-month high against the euro while gold slumped below $1,700 for the first time in the last five-month period. <\/p>\n<p>Oil extended losses after the worst week since October on concerns the Delta virus strain will hamper demand growth. Treasury bond yields rose while Bitcoin traded at $43,000 after hitting the highest since May over the weekend.<\/p>\n<p>U.S. stocks ended mixed on Friday as better-than-expected jobs data added to economic optimism but also raised concerns about the outlook for monetary policy.<\/p>\n<p>Non-farm payroll employment spiked by 943,000 jobs in July after surging by an upwardly revised 938,000 jobs in June. Economists had expected employment to jump by 870,000 jobs.<\/p>\n<p>The Dow rose 0.4 percent and the S&amp;P 500 edged up 0.2 percent to reach new record closing highs while the tech-heavy Nasdaq Composite index slipped 0.4 percent.<\/p>\n<p>European stocks ended Friday&#8217;s session slightly higher, with investors focusing on earnings, U.S. jobs data and the global spread of the Delta COVID-19 variant.<\/p>\n<p>The pan-European Stoxx Europe 600 ended flat with a positive bias. The German DAX edged up 0.1 percent and France&#8217;s CAC 40 index gained half a percent while the U.K.&#8217;s FTSE 100 ended on a flat note. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Seen Lower Amid Fed Policy Speculation<\/a><br \/>\n<br \/>2021-08-09 02:55:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares look set to open lower on Monday as strong U.S. employment data spurred bets for an early tapering of the Federal Reserve&#8217;s bond-buying program. Key macroeconomic data and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-12716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=12716"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12717"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}