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Posted by : Simran Shah Thursday, 31 July 2014

Markets are likely to open in the negative territory tracking    weak global cues.

Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.

The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected.
 
Problems in overseas economies added to the bearish tone, with Argentina defaulting on its debt for the second time in 12 years.

Stocks to watch:

Suzuki  India, the country’s largest car maker, reported a 20.7 per cent increase in net profit at Rs 762 crore for the financial year’s first quarter ended June.
 
JSW Steel, India’s third-largest steel maker, plans to invest $22 billion (about Rs 1,32,000 crore) through the next 10 years to raise its total capacity from 14.3 million tonnes (mt) to 40 mt by 2025.
 
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