I do not think it is going to be anything like what we had in February and March, says Geoff Dennis.
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.
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.
"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'.
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.
“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.
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.
With e-commerce driving consumption in Covid times, digital advertising spends are likely to see a significant uptick this festive season.
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.
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.
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%.
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.
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.
"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.
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.
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.
‘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’
If we look at the fiscal year outlook, in the next six months I would still be on the optimistic camp, says Mahesh Nandurkar.
India VIX plunged 4.46 per cent, reflecting easing expectations of volatility by traders. The index was trading at 18.65.
“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.
“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.
You should not bother about trimming a little or buying at dips or trading around your core position, says Ashwini Agarwal
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.
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.
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.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat.
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.
"Massive weekly rotation to stocks from cash," said BofA analysts, citing data from financial flow tracking firm EPFR.
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.
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.
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.
MSCI's broadest index of Asia-Pacific shares outside Japan gained half a percent, lifting away from a one-month low made on Wednesday.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9.
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 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.
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.
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%.
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%.
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.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%.
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.
Global equity markets have surged around 30% since hitting a low in early March, driven largely by policy stimulus.
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%.
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.
Experts predict a safe and effective vaccine could take 12 to 18 months to develop.
"The path ahead is both highly uncertain and subject to significant downside risks," Powell said in a webcast speech.
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.
MSCI's broadest index of Asia Pacific shares outside of Japan stumbled more than 1%, snapping two straight sessions of gains.
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.
As many as 27 stocks in the Sensex pack were up in early trade.
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.
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.
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.
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.
The positive mood quickly faded however after several Fed members said additional easing may be needed because a rebound in employment was already slowing.
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.
Futures at the Multi Commodity Exchange (MCX) took a cue from falling prices of the precious metals in the global markets.
"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.
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%.
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.
There is a tendency among investors to concentrate on the direct short-term effects.
Traders are advised to follow a buy-on-dips approach with the 10,850 level as strict stop loss.
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.
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.
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.
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%.
Last year, plans for an inaugural offshore sovereign bond provoked a wave of controversy.
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.
MSCI's broadest index of Asia-Pacific shares outside Japan added 1.4%, while South Korea rose 1.1%.
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.
The initial range for the new week is 11,000-11,300, with the possibility of 11,500 if 11,300 is broken.
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.
Broadly, Mobius said he was readjusting his portfolios with selective investments.
The authorities plan to sell a record Rs 12 trillion of bonds this fiscal year to finance a yawning fiscal deficit.
The authorities plan to sell a record Rs 12 trillion of bonds this fiscal year to finance a yawning fiscal deficit.
Volatility gauges embedded in option markets are used by traders and investors to predict -- or guess -- market direction.
Strong support from central banks across the world has helped investors shrug off worries of fast-rising Covid-19 cases.
Japan's Nikkei slipped 0.25%, while South Korea's Kospi fell 0.7%.
Here’s a look at what some of the key indicators are suggesting for Tuesday's action.
‘We are going to see very divergent or selective consumption patterns for the next few quarters’
Newbie day-traders are succeeding at investing’s hardest task: Buying low and selling high.
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.
Meanwhile, the dollar staged its biggest jump in 12 years, climbing to a three-year high, as investors piled into haven assets.
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.
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.
The index has broken its major support of 10,650 zones and sustaining below the same.
About an hour into trading, the broad-based S&P 500 was down 5.4 per cent at 2,812.42.
The Nasdaq 100 rose almost 3% Monday, its best day versus the S&P 500 since mid-April.
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
Fund managers expect more rate cuts to ease frayed sentiment in the market.
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.
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
“A break below $9,000 would raise a yellow warning flag on Bitcoin,” said Matt Maley.
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.
Always doubt schemes that offer an opportunity to make quick money in a short period.
The pan-European STOXX 600 fell 0.7% by 0717 GMT after closing at a five-week high in the previous session.
The S&P/ASX 200 index fell 0.7% to 6010.90 at the close of trade.
The benchmark Nikkei shares average closed 0.76% lower at 22,770.36, retreating from a five-week high hit in the previous session.
Even news that China's economy rebounded more than expected in the second quarter from a record contraction was not enough to pull regional equities out of the red.
Asia had a choppy session after more barbs between Beijing and Washington over Hong Kong, but 1.7%-2.2% gains for London, Frankfurt, Paris and a 1% rise in Wall Street futures blew away any caution.