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| 31 October, 2020, 03:33 AM IST | E-Paper
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    Global market fall not a blip, more a modest pullback

    I do not think it is going to be anything like what we had in February and March, says Geoff Dennis.

    Gold prices today slip on weak trend in global market

    Globally, gold prices fell weighed by a steady dollar and fading chances of a new US fiscal stimulus package being finalised before the November elections.

    Take innovative products like Khadi denim to global markets: Nitin Gadkari to Walmart

    The minister said that the target now is to provide 5 crore more jobs in the MSME sector while increasing export share to 60%.

    Stimulus hopes ease global markets into explosive fourth quarter

    Europe's STOXX 600 index and the euro were up 0.7 per cent and 0.2 per cent respectively before PMI economic data expected to show the region's ongoing gradual recovery from coronavirus slump.

    5G smartphones to capture 50% of global market by 2023: IDC

    "While many of the top vendors have reduced their 2020 production plans to align with the market decline, we've seen most of the cuts focused on their 4G portfolios," said Ryan Reith, programme vice president with IDC's 'Worldwide Mobile Device Trackers'.

    Ahead of Market: 12 things that will decide stock action on Friday

    Ajit Mishra of Religare Broking said, the traders should remain cautious as there is high uncertainty in global markets due to the recent surge in Covid cases.

    Coffee breaks with wife help KPMG India CEO get through long workdays

    Arun Kumar shares how he made time for hobbies despite a demanding schedule.

    How will the next opportunity unfold in Speciality Chemicals

    While the sector has grown at 10% for the past decade, the industry in India was overshadowed by China, which sprinted to capture 35% of the global market in production and 25% of the global market in consumption.

    Australian shares drop as global virus cases climb, US stimulus deal stalls

    "We are now past the time for a stimulus agreement in the United States. This now means that nothing will be forthcoming until, say, February 2021," said Brad Smoling, managing director at Smoling Stockbroking.

    Gland Pharma gets Sebi's go-ahead to float IPO

    The company filed draft papers in July and obtained Sebi's observation on October 19 to float an IPO, an update with the capital markets showed on Monday.

    Companies with a vision & purpose have fared better in pandemic: KPMG India Chairman Arun Kumar

    “A crisis is a time when a company’s sense of purpose and values are tested. At such a time, employees and customers look for authentic leadership that is empathetic, transparent, honest and committed to a higher purpose,” Kumar told ET.

    Ahead of Market: 12 things that will decide stock action on Thursday

    Chandan Taparia of Motilal Oswal said, the index has to continue to hold above the 11,900 level to witness an up move towards 12,100.

    Digital ad spends likely to get a big boost this festive season

    With e-commerce driving consumption in Covid times, digital advertising spends are likely to see a significant uptick this festive season.

    Goldman warns the dollar's grip on global markets might be over

    While that view is clearly still a minority one in most financial circles -- and the Goldman analysts don’t say they believe it will necessarily happen -- it captures a nervous vibe that has infiltrated the market this month: Investors worried that this money-printing will trigger inflation in years ahead have been bailing out of the dollar and piling furiously into gold.

    Global markets wary as coronavirus threatens economic reopening

    In a more promising sign, E-Mini futures for the S&P 500 recouped their early losses to edge up 0.3% and EUROSTOXX 50 futures added 0.2%. FTSE futures dipped 0.2%.

    Is there a case for buying Asia stocks over US ones?

    Since hitting an all-time low relative to the S&P 500 on Sept. 2, the MSCI Asia Pacific Index has outperformed the U.S. benchmark by almost five percentage points.

    Trade bodies urge Centre to set up shipping regulator to control surging freight charges

    After contracting for six months in a row, the country's exports grew by 5.27 per cent to USD 27.4 billion in September.

    Asian shares close in on 2-1/2-year peak as US stimulus hopes return

    MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15%, inching closer to its Aug. 31 peak, which was its highest level since March 2018. China's CSI300 index gained 1.68% after the Golden Week holidays.

    Gold rises Rs 82; silver jumps Rs 1,074

    "Spot gold prices for 24 karat in Delhi were up by Rs 82 on strong international gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

    Global markets retreat on rising second wave fears

    On Wall Street, the S&P 500 lost 0.36% on Wednesday but tech-heavy Nasdaq added 0.15% due to hopes of increased demand for various online services due to the epidemic.

    Global Markets: Dollar falls, European shares rise as markets buoyed by vaccine hopes

    After the STOXX 600 saw its biggest daily gain in almost two weeks on Monday, the bullish mood continued throughout the New York and Asian sessions.

    As laggard BFSI stocks make a comeback, should you invest?

    ‘If we look at it in multiple terms, either year till date or from the point of recovery from March till now post-Covid, in all the terms, BFSI stock and BFSI index has been a laggard’

    '35-40% earnings growth for Nifty expected in FY22'

    If we look at the fiscal year outlook, in the next six months I would still be on the optimistic camp, says Mahesh Nandurkar.

    Five factors that drove the market rally today

    India VIX plunged 4.46 per cent, reflecting easing expectations of volatility by traders. The index was trading at 18.65.

    India asks Bangladesh to reduce duty on apparel imports

    “When we compare our share of imports in Bangladesh with China, China stands at 54% and India is at 17% given the high tariffs on Indian textiles and apparel export products. Indian industry can rejoice if Bangladesh allows retail of ethnic apparel from India at zero duties,” said Textile minister Smriti Zubin Irani at a CII event on Wednesday.

    Sensex ends volatile session 95 points higher on gains in HDFC twins

    “As expected, benchmark indices remained volatile throughout the day, fluctuating between losses and gains before finally ending the day flat. Global cues were mostly negative, following caution over the outcome of US presidential elections and also because of rising virus cases around the world,” said Vinod Nair, Head of Research at Geojit Financial Services.

    Is investing in gold a total waste of money? This portfolio manager thinks so

    You should not bother about trimming a little or buying at dips or trading around your core position, says Ashwini Agarwal

    Current economic scenario in India as well as global markets is challenging: Chandrasekaran

    ​​Addressing shareholders at the first annual general meeting of the company which has been formed after the merger of Tata Global Beverages and consumer products business of Tata Chemicals, Chandrasekaran said the situation arising out of the coronavirus "situation has progressively improved" though some of the challenges will persist in the short term.

    Indices back to winning ways, close 2.3% up riding IT surge

    Analysts believe this relief rally is unlikely to sustain as the market remains worried about the rising number of Covid cases in India and globally, with lessening hope of a swift recovery in the economy.

    Global markets adrift as vaccine rally falters

    MSCI's broadest index of Asia-Pacific shares outside Japan was flat.

    Trade Setup: Upside limited for Nifty50 now; stick to defensives

    Tuesday’s session might see a jittery start and the 11,295 and 11,360 levels will act as key resistance points, while supports will come in at 11,210 and 11,180 levels.

    Pandemic has 'peaked out' globally, market to revive in 2021: Hildegard Wortmann, Audi AG

    The pandemic has "peaked out" world over and the recovery is recognisable globally and in India too says Hildegard Wortmann, Member of the Board of Management at AUDI AG. Despite the small size, she says the future growth potential in India is very strong and the new product action will continue with three new offerings in the coming five months to capitalize on festivities.

    Stocks enjoy biggest weekly inflows since March 2018: BofA

    "Massive weekly rotation to stocks from cash," said BofA analysts, citing data from financial flow tracking firm EPFR.

    Even if Nasdaq blips, we will continue to see the uptrend till Diwali: Edelweiss

    The real test for markets will come around the 14th of November when Diwali kicks in which will be the real test of demand for corporate India.

    Sensex rises 288 points on inflation data, global cues; Nifty tops 11,500

    India's retail inflation in August of 6.69 per cent was lower than the 6.73 per cent recorded in July, but it remains above the upper end of the RBI’s target.

    Asian markets track Wall St rally but more volatility expected

    Equities mostly rose in Asia on Tuesday but fluctuated, with support coming from a Wall Street rally fuelled by merger activity and hopes for a coronavirus vaccine.

    Global markets hit two-month high as economic optimism spreads

    MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9.

    Asian stock markets gain following tech bounce, euro waits for ECB

    MSCI's broadest index of Asia-Pacific shares outside Japan gained half a percent, lifting away from a one-month low made on Wednesday.

    Global markets reach three-month peaks, resilient to US riots

    After a cautious start Asian markets were led higher by China on signs parts of the domestic economy were picking up. Hong Kong managed to rally 3.6%, while Chinese blue chips put on 2.2%.

    Trade Setup: Weekly F&O expiry to dominate trade, limit exposure

    On Thursday, Nifty is likely to see a shaky start. Any pullback in the Dollar Index may have some mild effect on the domestic market, though it will be good for IT stocks.

    If market falls, shop for high beta stocks like banking and auto: Kunj Bansal

    If we want to buy at the current level of the market where correction has happened but not as much, probably go for low betas and defensives.

    Shares stabilise, try to shrug off US tech rout scare

    Globally traded U.S. S&P500 futures erased their Monday losses to trade 0.5% higher. Tech shares remained more fragile, however, with Nasdaq futures dipping 0.1% after having lost more than 6% late last week.

    With big tech on holiday, world shares inch higher

    Market activity was likely to remain subdued for the rest of the day with the US closed for the Labor Day holiday, though Nasdaq futures fell a further 1%.

    Global markets gain on economic hopes, Hong Kong remains a risk

    MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%.

    Diamond shines as global markets melt

    Between February 18 and March 17, crude oil futures slipped 42 per cent, the Sensex 25 per cent, silver 25 per cent and gold 3 per cent.

    ReNew Power plans to start manufacturing solar cells, eyes China-dominated global market

    Renewable energy is increasingly attracting interest of prominent business leaders. Gautam Adani recently announced plans to invest heavily in the sector to become the world’s biggest renewable energy company, while Mukesh Ambani told his shareholders on Wednesday that Reliance Industries will invest in solar, wind, hydrogen and other clean technologies, and make the company carbon-neutral in 15 years.

    Global markets reverse early gains, eyes on China-US trade relations

    Global equity markets have surged around 30% since hitting a low in early March, driven largely by policy stimulus.

    Asian shares reverse early gains, euro falls to one-week lows

    In early European trade, the pan-region Euro Stoxx 50 futures and German DAX futures added 0.6% each, FTSE futures climbed 0.2% while France's CAC 40 futures rose 0.4%.

    Global markets, oil rally on vaccine hopes, euro at two-week highs

    Experts predict a safe and effective vaccine could take 12 to 18 months to develop.

    F&O: Bulls not ready to loosen their grip; India VIX eases too

    Nifty has established an immediate support near the 11,333 level, and below that, weakness could be seen towards 11,200 and then 11,111 levels.

    Global markets drop as virus recovery begins to look distant

    "The path ahead is both highly uncertain and subject to significant downside risks," Powell said in a webcast speech.

    Global markets fall on renewed coronavirus fears, Powell speech in focus

    Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed U.S.-China trade tensions.

    Global markets stumble on fears of second coronavirus wave, oil up

    MSCI's broadest index of Asia Pacific shares outside of Japan stumbled more than 1%, snapping two straight sessions of gains.

    Financial technology companies funding in APAC up 9.1% in Q2; India sees 38% dip

    Funding in China also fell from USD 205 million to USD 41 million as the country saw fresh outbreaks of COVID-19 cases, it added. Fintech funding in Asia was predominantly led by Southeast Asia and Australia, with both regions drawing in USD 455 million and USD 371 million, roughly three-times and two-times the amount raised in the previous quarter.

    How the coronavirus has hit Indian and global markets

    Coronavirus or COVID-19 has spooked not just the Indian stock market but global stock markets as well. ET wealth studies the impact of the pandemic virus.

    Firm global market cues drive Sensex 300 points higher; Nifty nears 10,400

    As many as 27 stocks in the Sensex pack were up in early trade.

    Asian stocks lifted by vaccine hopes, but new cases cause concern

    The advances came despite news that 1.1 million Americans made new claims for unemployment benefits last week, reinforcing concerns about the world's biggest economy.

    Gold prices slip as US Fed indicates it will continue providing stimulus

    Limiting gold's advance, the dollar index rose 0.2 per cent after sharp gains in the previous session against its rivals, making gold expensive for holders of other currencies.

    NPCI launches international arm to take UPI, RuPay to other countries

    Dilip Asbe, MD of NPCI, said in a statement on Wednesday that “several countries” in Asia, Africa and the Middle East have displayed interest towards replicating NPCI’s payment models in their own jurisdictions.

    Asian stocks buckle on uncertain US recovery

    The positive mood quickly faded however after several Fed members said additional easing may be needed because a rebound in employment was already slowing.

    Global markets brush off ugly data, pin hopes on stimulus

    With all eyes glued on an EU meeting later in the day to discuss the measures, investors swept aside horrible data from the euro zone that showed economies have suffered massive blows.

    MSP for agri crops higher than global, market price; need to find viable solution: Nitin Gadkari

    "The most important problem in this sector is that (among) the international price for agriculture commodities and the market price and the MSP, there is a vast difference. Now there are a lot of problems, some political problems are also there. It is very difficult for the government to take decisions.

    Analysts & jewellers divided on where can gold head from here

    Futures at the Multi Commodity Exchange (MCX) took a cue from falling prices of the precious metals in the global markets.

    Global markets have 3 coronavirus scenarios to consider

    There is a tendency among investors to concentrate on the direct short-term effects.

    Asian stocks shrug off Sino-US tension to resume gains

    MSCI's broadest index of Asia-Pacific shares outside Japan was last up 1%. Japan's Nikkei returned from a holiday with a 1.7% gain led by healthcare and industrial stocks and the Hang Seng bounced 2.2%.

    Shares climb as China industrial data offers hope for coronavirus recovery

    Deflation at China's factories eased in July, data showed, driven by a rise in global energy prices and as industrial activity climbed back towards pre-coronavirus levels.

    Fresh US stimulus likely to get the markets out of current rut

    Traders are advised to follow a buy-on-dips approach with the 10,850 level as strict stop loss.

    Gold prices scale fresh record high, top Rs 56,000 mark

    Gold prices rose by Rs 225 to Rs 56,590 per 10 gram in the national capital on Thursday, in line with a strong rally in international price of the precious metal, according to HDFC Securities.

    Global markets jump to 3-month high as recovery hopes outweigh looming risks

    E-mini futures for the U.S. S&P 500 were up 0.2% in early Wednesday trade, extending the gains so far this week to 1.4%.

    India’s place in global markets at stake in virus response

    Last year, plans for an inaugural offshore sovereign bond provoked a wave of controversy.

    India needs to look beyond what rating agencies think, says ex-RBI governor Raghuram Rajan

    The Indian government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP. Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

    Global stocks inch higher as stimulus eyed

    Following Wall Street's lead, MSCI's broadest index of Asia-Pacific shares outside Japan extended the week's rally by 0.3% to a fresh six-and-a-half-month high.

    Asia stocks cautiously mixed, dollar tries to bounce

    On Friday, Fitch Ratings cut the outlook on the United States' triple-A rating to negative from stable, citing eroding credit strength and a ballooning deficit.

    Oil extends gains as optimism over US stimulus lifts global markets

    US crude rose to a high of $25.24 a barrel early in the session and was at $24.86 a barrel, up 85 cents, or 3.5 per cent.

    Global Markets: Japan shares hit 10-week peak, S&P 500 tests 3,000

    MSCI's broadest index of Asia-Pacific shares outside Japan added 1.4%, while South Korea rose 1.1%.

    Mobius likes Alibaba and gold amid the global market meltdown

    Broadly, Mobius said he was readjusting his portfolios with selective investments.

    Further dip to 11,000 possible on Nifty, provisional data shows

    The initial range for the new week is 11,000-11,300, with the possibility of 11,500 if 11,300 is broken.

    Asian stocks rise on Fed policy outcome

    The unchanged policy setting together with a pledge the Fed would use its "full range of tools" if needed boosted risk appetite overnight with all three Wall Street indexes finishing firmer.

    India sold so many bonds that it had to retire its benchmark

    The authorities plan to sell a record Rs 12 trillion of bonds this fiscal year to finance a yawning fiscal deficit.

    India sold so many bonds that it had to retire its benchmark

    The authorities plan to sell a record Rs 12 trillion of bonds this fiscal year to finance a yawning fiscal deficit.

    Hong Kong leads global markets lower as Beijing readies new security law

    Japan's Nikkei slipped 0.25%, while South Korea's Kospi fell 0.7%.

    Indian market to remain rangebound, underperform global markets: Motilal Oswal Fin Services

    ‘We are going to see very divergent or selective consumption patterns for the next few quarters’

    In summer of turmoil, subdued 'fear' gauges make markets uneasy

    Volatility gauges embedded in option markets are used by traders and investors to predict -- or guess -- market direction.

    Sensex climbs 200 points on strong global cues; Nifty tops 11,200

    Strong support from central banks across the world has helped investors shrug off worries of fast-rising Covid-19 cases.

    Ahead of Market: 12 things that will decide stock action on Tuesday

    Here’s a look at what some of the key indicators are suggesting for Tuesday's action.

    Dumb money making smart stock picks in yearlong Robinhood rally

    Newbie day-traders are succeeding at investing’s hardest task: Buying low and selling high.

    What central banks did this week as the virus hit global markets

    Meanwhile, the dollar staged its biggest jump in 12 years, climbing to a three-year high, as investors piled into haven assets.

    S D Shibulal and family sell 8.5 million Infosys shares for Rs 780 crore

    Proceeds from this transaction will be used for a combination of philanthropic and investment activities, according to a statement issued by the Shibulal and family members.

    As coronavirus spooks global markets, China shares trim losses, yuan strengthens

    The benchmark Shanghai Composite Index ended 1.2% lower, while the CSI300 shed 1.4%, after having dropped as much as 4.2% and 4.7%, respectively.

    Asia share rally pauses on Sino-US tensions

    In the equity markets, MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2%, but was still up 1.8% for the week and near its highest since mid-January.

    Nifty headed to 10,200 or lower, may bounce if global markets recover

    The index has broken its major support of 10,650 zones and sustaining below the same.

    After brief trading halt, US stocks join global market rout

    About an hour into trading, the broad-based S&P 500 was down 5.4 per cent at 2,812.42.

    Sensex falls 81 points, Nifty below 9,250 amid weak cues from global market

    Sensex erases entire gains, ends 81 points lower; Nifty slips below 9,250; Hero Moto, Bajaj Auto climb 6% each.Sensex falls 81 points, Nifty below 9,250 amid weak cues from global market

    Nasdaq momentum is hottest in 20 years with Amazon leading surge

    The Nasdaq 100 rose almost 3% Monday, its best day versus the S&P 500 since mid-April.

    Global markets bet on Biden win, but Sensex still in red

    Fund managers expect more rate cuts to ease frayed sentiment in the market.

    Marc Faber says coronavirus not behind global market selloff

    For the last nine months, the economics statistics coming out of Asia have pointed out to a meaningful slowdown in economic activity, says the author of Gloom, Boom & Doom Report

    Asia’s world-beating stock rally has bulls betting on more gains

    The MSCI Asia Pacific Index is set to beat the S&P 500 and the MSCI Europe Index for a second straight month in July as Asia scores high on curbing the virus as well as reopening economies.

    Bitcoin enthusiasts face bigger problems than Twitter scam

    “A break below $9,000 would raise a yellow warning flag on Bitcoin,” said Matt Maley.

    Euro zone bond yields nudge lower as ECB presses pause for now

    The ECB remains on track to buy up to 1.35 trillion euros worth of debt through next June under its Pandemic Emergency Purchase Programme (PEPP) and up to 1.8 trillion euros if other purchases are also included.

    Bitcoin scam decoded: How hackers swindled Rs 89 lakh from Twitter users

    Always doubt schemes that offer an opportunity to make quick money in a short period.

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