Trade Nivesh | Sensex on Tuesday
Domestic stock and money markets were shut on Wednesday on account of Eid-Ul-Fitr. On Tuesday, BSE barometer Sensex fell 184 points or 0.46 per cent to 40,084. Its NSE counterpart Nifty settled at 12,022, down 67 points or 0.55 per cent.
Debt fund take a hit on DHFL payment delay
Mutual fund investors holding debt of DHFL suffered one of the worst singleday losses ever after the troubled housing finance firm delayed interest payments. The net asset values (NAVs) of several debt schemes fell by 6-53% on Tuesday, reflecting the marked-down value of their holdings in DHFL paper.
WTI crude enters bear market
WTI crude has entered a bear market and Brent tumbled below $60 after US petroleum inventories ballooned, raising fears of a glut as trade disputes threaten demand. US crude settled 22 per cent lower than its April peak on Tuesday after tumbling as much as 5.4 per cent. Brent sank to the lowest since January. Front-month Brent crude futures, the international benchmark for oil prices, traded at $60.50, 13 cents, or 0.2 per cent, below last session.
US stocks rose overnight
E-Mini futures for the S&P 500 index eased 0.1 per cent in early trade. In overnight trade, the Dow Jones Industrial Average rose 207.19 points, or 0.82 per cent, to 25,539.37, the S&P500 index gained 22.86 points, or 0.82 per cent, to 2,826.13 and the Nasdaq Composite index added 48.36 points, or 0.64 per cent, to 7,575.48.
Asian shares off to cautious start
Asian shares got off to a hesitant start on Thursday as investors feared a looming US trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.01% in sparse early trade. Japan's Nikkei dithered either side of flat.
Tech view: Nifty forms ‘Bearish Harami’ candle
Nifty formed a ‘Bearish Harami’ candle on the daily chart, which indicated a possible trend reversal. If the index drops below 12,000 mark on Thursday, it may attract further selloff, said analysts.
Singapore trading sets stage for negative start
Nifty futures on the Singapore Exchange were trading 33 points, or 0.27 per cent, lower at 12,048, indicating a negative start for the Nifty50.
MPC likely to cut policy rate by 25 bps today
Analysts said RBI is all set to cut the policy rate by 25 basis points. The real interest rates are high at 3 per cent and India should ideally try to bring it down to 1-2 per cent, they said, adding that the need to cut rates remain strong. “The MPC in its last meeting has stated that the price stability has been achieved and has shifted focus to growth. With inflation continuing to provide room and output gap opening up further, there is a compelling case for rate cut,” Edelweiss said in a note.
US private hiring grows at slowest pace in 9 years
The ADP National Employment Report showed that US private employers hired at the slowest pace in more than nine years in May. Analysts blamed the weakness on heightening global trade tensions. The data, which comes ahead of the more comprehensive nonfarm payrolls from the Labor Department on Friday.
PM to head 2 panels on economy
Prime Minister Narendra Modi will head two separate Cabinet committees on investment & growth and employment & skill development, underscoring the urgency in the new government to revive the slowing economy and generate more jobs.
Monsoon onset over Kerala on June 8: IMD
The India Meteorological Department Wednesday said the onset of monsoon is likely to be delayed by a week and it is now expected to arrive only by June 8. The normal onset date for monsoon over Kerala is June 1 which also marks the official commencement of the four-month-long rainfall season.
Pre-open session: Sensex gains 75 points, Nifty flat
Sensex gains 75 points, Nifty flat; Rupee trades at 69.41 against US dollar
Domestic stock and money markets were shut on Wednesday on account of Eid-Ul-Fitr. On Tuesday, BSE barometer Sensex fell 184 points or 0.46 per cent to 40,084. Its NSE counterpart Nifty settled at 12,022, down 67 points or 0.55 per cent.
Debt fund take a hit on DHFL payment delay
Mutual fund investors holding debt of DHFL suffered one of the worst singleday losses ever after the troubled housing finance firm delayed interest payments. The net asset values (NAVs) of several debt schemes fell by 6-53% on Tuesday, reflecting the marked-down value of their holdings in DHFL paper.
WTI crude enters bear market
WTI crude has entered a bear market and Brent tumbled below $60 after US petroleum inventories ballooned, raising fears of a glut as trade disputes threaten demand. US crude settled 22 per cent lower than its April peak on Tuesday after tumbling as much as 5.4 per cent. Brent sank to the lowest since January. Front-month Brent crude futures, the international benchmark for oil prices, traded at $60.50, 13 cents, or 0.2 per cent, below last session.
US stocks rose overnight
E-Mini futures for the S&P 500 index eased 0.1 per cent in early trade. In overnight trade, the Dow Jones Industrial Average rose 207.19 points, or 0.82 per cent, to 25,539.37, the S&P500 index gained 22.86 points, or 0.82 per cent, to 2,826.13 and the Nasdaq Composite index added 48.36 points, or 0.64 per cent, to 7,575.48.
Asian shares off to cautious start
Asian shares got off to a hesitant start on Thursday as investors feared a looming US trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.01% in sparse early trade. Japan's Nikkei dithered either side of flat.
Tech view: Nifty forms ‘Bearish Harami’ candle
Nifty formed a ‘Bearish Harami’ candle on the daily chart, which indicated a possible trend reversal. If the index drops below 12,000 mark on Thursday, it may attract further selloff, said analysts.
Singapore trading sets stage for negative start
Nifty futures on the Singapore Exchange were trading 33 points, or 0.27 per cent, lower at 12,048, indicating a negative start for the Nifty50.
MPC likely to cut policy rate by 25 bps today
Analysts said RBI is all set to cut the policy rate by 25 basis points. The real interest rates are high at 3 per cent and India should ideally try to bring it down to 1-2 per cent, they said, adding that the need to cut rates remain strong. “The MPC in its last meeting has stated that the price stability has been achieved and has shifted focus to growth. With inflation continuing to provide room and output gap opening up further, there is a compelling case for rate cut,” Edelweiss said in a note.
US private hiring grows at slowest pace in 9 years
The ADP National Employment Report showed that US private employers hired at the slowest pace in more than nine years in May. Analysts blamed the weakness on heightening global trade tensions. The data, which comes ahead of the more comprehensive nonfarm payrolls from the Labor Department on Friday.
PM to head 2 panels on economy
Prime Minister Narendra Modi will head two separate Cabinet committees on investment & growth and employment & skill development, underscoring the urgency in the new government to revive the slowing economy and generate more jobs.
Monsoon onset over Kerala on June 8: IMD
The India Meteorological Department Wednesday said the onset of monsoon is likely to be delayed by a week and it is now expected to arrive only by June 8. The normal onset date for monsoon over Kerala is June 1 which also marks the official commencement of the four-month-long rainfall season.
Pre-open session: Sensex gains 75 points, Nifty flat
Sensex gains 75 points, Nifty flat; Rupee trades at 69.41 against US dollar
Comments
Post a Comment