The Hang Seng Index or HSI is a market capitalisation-weighted index of the largest companies that trade on Hong Kong Exchange.The Index is a free-float adjusted benchmark for blue chip stocks traded on Hong Kong Exchange. The index is composed of four sub-sector indices in industry, finance, utilities, and real estate investment trusts, and comprises 50 constituents. The index uses a free float market capitalisation weighting scheme with a 10 per cent cap on any one component's index weight.HSI was started on November 24, 1969 and records and monitors daily changes in the top companies of Hong Kong stock market and is the key indicator of the overall market performance in Hong Kong. These 50 companies represent about 58 per cent of the total capitalisation of the Hong Kong Exchange.The index is compiled and maintained by Hang Seng Indexes Company, which is a wholly-owned subsidiary of Hang Seng Bank, one of the largest banks registered and listed in Hong Kong.The components of Hang Seng index include China Petroleum & Chemical Corporation, The Hong Kong and China Gas Company , Hang Lung Properties, Hang Seng Bank, CLP Holdings, CITIC, Industrial and Commercial Bank of China, AIA Group and Tencent Holdings, among others.
The Thanksgiving break in the United States also helped slow a relentless surge in the US dollar that has sucked capital out of most emerging markets.
China's blue-chip CSI300 index fell 0.2 per cent, to 3,835.12 points by the lunch break.
China's blue-chip CSI300 index closed up 2.5 per cent, recouping Wednesday's losses.
ITC, Tata Motors and Reliance Industries contributed most to the fall in the index.
The company's phone problems started after it bought Motorola Mobility from Google in 2014, but struggled to integrate the assets.
As many as 30 stocks in NSE Nifty ended in the green with Wipro advancing 2.28 per cent.
Japan's Nikkei stumbled 1.3 per cent while South Korea's Kospi index slipped 0.8 per cent.
Traders wagering on declines in the company's shares have lost a grand total of $9.8 billion in 2017.
The Hang Seng index fell 0.7 per cent to 24,193.70 points, while the China Enterprises Index lost 1.1 per cent to 10,362.02.
Even this year, Chinese ADRs are doing relatively better than the Hong Kong market.
The new tool will help to stop so-called fat fingers and rogue algorithms from causing erroneous price swings, according to the market regulator.
However, with indices trading near record highs, investors and traders should be cautious.
On Wall Street, the S&P 500 and Nasdaq advanced to record closing highs on Tuesday.
The benchmark Hang Seng index fell 0.7 per cent, to 22,885.91 points at the close, while the China Enterprises Index lost 0.8 per cent, to 9,715.72 points.
After the overnight rally, E-Mini futures for the S&P 500 were last down nearly half a per cent.
Shares in Hong Kong and Shanghai rose soon after opening Monday, extending last week's gains on hopes the US Federal Reserve will keep interest rates at record lows into next year.
The benchmark Hang Seng index finished 0.2 per cent higher, at 22,503.01 points, bringing its weekly gain to nearly 2.3 per cent, the highest since Oct. 7.
The Hang Seng index rose 0.9 percent to 20,576.77 points, bringing its gains this week to 3.6 percent. The China Enterprises Index gained 0.8 percent to 8,595.28.
The three-week rising streak in blue chips has also been fuelled by signs of economic resilience in the world's second-biggest economy.
The BSE Sensex and NSE Nifty are likely to open on a flat note with positive bias on Wednesday following mixed global cues
The “sell in May” theory might come into fruition this year.
The US market is taking Trump’s escalation poorly, eroding support amongst the plutocracy.
The Hang Seng index fell 0.6 percent, to 22,600.46, while the China Enterprises Index lost 1.0 percent, to 10,437.69 points.
VIX eased for the second day, down 2.6 per cent while the advance-decline ratio stood at 2:1.
From the Nifty50 pack, Bharti Airtel rose 2.96 per cent, GAIL 2.92 per cent, Idea Cellular 2.10 per cent, BHEL 1.98 per cent, RIL 1.77 per cent to emerge top gainers.
BSE Smallcap index lost 298 points to close at 15,605.40 with 20 stocks ending in the red.
Leading bourse BSE has decided to revise upwards market lot sizes of equity derivatives contracts based on foreign indices.
The single currency was 0.04 per cent lower at $1.1370.
The Dow fell 2.41 per cent and the S&P 500 lost 3.09 per cent.
Hua Chuang Securities said in its latest strategy report that the market is bolstered by "earnings improvements in cyclical sectors."
Positive growth metrics for India by IMF and NITI Aayog propped up investors’ risk-on sentiment.
IT stocks fuelled gains with heavyweights Wipro and Infosys emerging as the top gainers.
The BSE midcap and BSE smallcap indices are down 11.1% and 13.8%, respectively, from their early and mid-January records.
Tata Motors DVR (up 1.71%), ONGC (up 1.60%) and Infy (up 1.51%) were top gainers of the day.
Meanwhile, Tata Motors (down 1.74%), Wipro (down 1.65%) and TCS (down 1.24%) were the biggest losers of the day.
Earnings recovery is now pushed by two-three quarters and GDP growth also is likely to slow because of demonetisation, say players.
The S&P BSE Sensex shed 128 points, or 0.48 per cent, to 26,635 while the NSE Nifty50 closed at 8,170, down 33 points, or 0.41 per cent.
“Yesterday, the S&P was up by about one-fifth, the European stocks were a little bit different, the Asian markets are a little bit troubled today, the Nikkei is up, the Hang Seng index is down”
Asian stocks saw a mixed open on the final trading day of 2017 after a regional benchmark notched a record high on Thursday.
Market ended in the red after investors turned cautious ahead of key economic data.
Short-sell turnover in Hong Kong market climbed to the highest level since August on Thursday.
Auto major Tata Motors (up 1.51 per cent) emerged the top performer on the index while IT behemoth Infosys (down 2.88 per cent) slumped the most.
Let’s check out what all might influence Dalal Street all through Wednesday.
Banks developed cold feet after Morgan Stanley downgraded HDFC Bank and Axis Bank to ‘equal weight’, and cut ICICI Bank and IDFC Bank to ‘underweight’.
Consumer price inflation (CPI) data for October will be released post market hours on Monday.
China CSI300 stock index futures for January rose 0.9 per cent to 3,626.8, some 5.55 points below the prevailing value of the underlying index.
A portfolio stuffed with allegedly over-inflated assets would have returned 120% so far in 2017.
Sensex and Nifty hit their fresh all-time high of 33,848.42 and 10,490.45, respectively.
The 30-share BSE Sensex closed 97.62 points down at 28,901.94, while the Nifty 50 index closed 22.60 points down at 8,924.30 on Wednesday.
On the other hand, the BSE Oil & Gas index, Consumer Durables and Power gained 0.41 per cent, 0.37 per cent and 0.28 per cent, respectively.
The 30-share BSE Sensex closed 80.09 points down at 28,812.88, while the 50-share NSE Nifty index settled 42.80 points down at 8896.70.
NSE’s Nifty50 index closed 28.65 points up at 8,907, while the 30-share BSE Sensex settled 100 points up at 28,761 on February 21.
Shares of Bharti Airtel and Idea Cellular declined after the two companies decided to lower data tariff. Airtel slipped 3.86 per cent while Idea Cellular lost 5.67 per cent.
Hong Kong dollar dropped to the lowest level against the U.S. dollar in four years on Thursday, raising concerns of sustained capital outflows.
RBI's projection of real GVA growth for 2017-18 has been revised downward to 6.7% from 7.3%.
Japan's Nikkei climbed to a more than two-year peak while Hong Kong's Hang Seng Index rose to a level not seen since May 2015.
Japan's Nikkei stock index ended up 1.1 per cent as a tailwind from a weaker yen helped power it to its highest levels since August 2015.
The Sensex rose 309.41 points, or 1.21%, to close at 25,803.78. The 50-share Nifty gained 93.45 points, or 1.21%, to close at 7,844.35.
Tune in! Your daily digest of market news, views and cues.
North Korea fired a missile that flew over Japan’s northern Hokkaido far out into the Pacific Ocean on Friday.
Metal stocks remained in demand after copper edged higher in global commodities markets. JSW Steel, Jindal Steel, Vedanta and Tata Steel gained 3-8%.
Long holidays ahead of Christmas and New Year’s Day restricted activities in capital markets across the globe, including India.
In the broader market, the S&P BSE500 closed 60 points lower at 10,922.72 with Edelweiss Financial Services being the top gainer and Westlife Development the top loser.
Sectorwise, the BSE Metal, Telecom, Oil & Gas and FMCG indices declined 1.58 per cent, 1.15 per cent, 0.93 per cent and 0.67 per cent, respectively.
After sliding nearly 200 points in opening trade, equity benchmark Sensex quickly recouped all the losses and gained 100 points within 30 minutes.
Battling all the odds, shares of private sector lender Axis Bank emerged the top gainer in the Sensex pack, while Coal India was the worst laggard.
The Federal Reserve is widely expected to hike interest rates, which, if happens, will lead to outflow of foreign funds from emerging markets, including India.
Speculation is rife that the central bank will slash the repo rate (the rate at which RBI lends money to commercial banks) by 25 basis points to 6 per cent.
The S&P BSE Sensex, which opened at 26,101 against the previous close of 25,960, closed 91 points higher at 26,051.
On Wall Street, Dow Jones Industrial Average index on Wednesday broke a seven-day winning streak, falling 0.3 per cent, and the broader S&P 500 lost 0.2 per cent.
Throughout the day, shares swung between gains and losses with eyes firmly set on September quarter earnings of biggies such as HDFC Bank, Axis Bank and Idea Cellular.
In fact, financial stocks were main drivers of the market. Shares of Reliance Industries closed 0.15 per cent higher ahead of September quarter earnings.
The S&P BSE Sensex, which opened at 28,112 against the previous close of 28,050, slipped below its crucial psychological level of 28,000 to close at 27,984.
The S&P BSE Sensex ended 439.23 points or 1.56 per cent lower on Thursday to settle at 27,643.11, slipping below its crucial psychological level of 28,000.
Asian stocks traded week and impacted domestic sentiment after North Korea missile test.
Data showed every two out of three BSE stocks that traded for the day ended higher.
In the sectoral landscape, telecom stocks bled the most, dragging the S&P BSE Telecom index 0.94 per cent lower to 1,203.
Hindustan Unilever (HUL) emerged the top gainer in the 30-pack index with a gain of 1.38 per cent at Rs 871 while ONGC shed the most, with a 2.63 per cent cut.
In the broader market, S&P BSE500 closed 0.50 per cent higher at 11,975 with Swan Energy (up 19.95%) being the top gainer and CCL Products (India) (down 5.28%) being the worst performer.
Auto stocks made impressive gains pushing the S&P BSE Auto index 2.44 per cent higher to 22,774, led by gains in the shares of Ashok Leyland and Maruti Suzuki India.
According to market experts, positive global cues as well as buying in banking and select heavyweight stocks supported sentiment on D-Street on Monday.
Tune in: News, views and cues you need before starting your day on D-St.
However, the overall sentiment looked positive on diminishing chances of the US Federal Reserve hiking interest rates after weaker-than-expected US jobs data for August.
The S&P BSE Sensex gained momentum after a gap-up start and reclaimed its crucial psychological level of 28,000.
Sustained optimism gained an upper hand and pushed the indices to fresh record peak.
The 30-share sensitive index (Sensex) of BSE saw an intraday high of 28,108 and a low of 27,959, before closing at 28,059, up 0.25 per cent.
Shares from FMCG, realty, IT, PSU and metal sectors were buzzing in today’s trade.
US Federal Reserve member William Dudley hinted at a possible rate hike in September and Asian, US and European markets all took a beating.
The domestic market slipped into the red in the wake of flat closing on Wall Street in overnight trade and a mixed performance in Asian markets.
Trading turned choppy with the Sensex heading towards the negative zone even as the broader Nifty50 shot into the green at least once.
The 30-share Sensex closed at 28,208.62, up 184.29 points or 0.66 per cent while the broader Nifty50 settled at 8,666.30 with a gain of 50.50 points or 0.59 per cent.
An early surge on Dalal Street lost momentum midway through to end on a muted note on Wednesday, as if to suggest the domestic equity market was confused.
The Sensex traded flat for most part of the day, but quickly lost about 130 points in the last half-an-hour after pharma major DRL reported poor Q1 numbers.
Elsewhere, most other Asian markets closed mixed. Japan’s Nikkei closed with losses of 0.25 per cent after Nintendo shares took a dive, but Hong Kong’s Hang Seng index gained over 200 points.
The broader market saw mixed action with the BSE Midcap index gaining 0.18 per cent while the BSE Smallcap index closed 0.11 per cent lower.
The domestic market recouped most of its morning losses on Monday after tanking 600 points in opening trade.
The BSE IT index was the worst-hit, as brokerages came out with a negative outlook on the sector post the Brexit vote. TCS ended at the bottom of the Sensex.
Rajan said that India's strong economic fundamentals would help in absorbing the shock. He added that a good monsoon can lift sentiment and activity should pick up.
The market opened deep in the red. The broader market, felt most selling pressure with BSE Midcap and Smallcap indices falling 0.18 & 0.20%, respectively.
The domestic equity market gave away all of Wednesday’s gains as multiple external factors weighed. The S&P BSE Sensex slumped over 400 points.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service