Today's Major Results to be announced:
ACRYSIL, ALICON, ANDPAPER, CENTRALBK, CENTURYTEX, CUMMINSIND, HONDAPOWER, IFBIND, INFIBEAM, JKLAKSHMI, KKCL, M&MFIN, MAHSCOOTER, MANAPPURAM, MARUTI, MASTEK, MUNJALSHOW, ORIENTELEC, RAMCOSYS, SHREDIGCEM, SUBROS, SWARAJENG, TATACOFFEE, TEAMLEASE, TIINDIA, TIRUMALCHM, TTKHEALTH, VIPCLOTHNG, WABCOINDIA, WONDERLA, etc
Sensex: 41155 (-458) (-1.10%)
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Dow: 28536 (-454) (-1.57%)
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Brazil: 114482 (-3895) (-3.29%)
Ftse: 7412 (-174) (-2.29%)
Dax: 13205 (-372) (-2.74%)
Cac: 5863 (-161) (-2.68%)
WTI Oil: $52.77 (-2.62%)
Brnt: $58.92 (-2.92%)
Gold: $1587: +0.56%
Silver: $18.09 (-0.13%)
Copper: $259.8 (-3.20%)
Eur-$: 1.1019
GBP-$: 1.3058
$-Jpy: 108.9
Re: 71.4413: +0.15%
US10yr: 1.61%
GIND10YR: 6.56 (-0.40%)
$ Index: 97.9360: +0.08%
Vix: 18.23: +25.21%
BalticDry: 557 (-19) (-3.30%)
ADR/GDR
Cogni (-1.04%)
Infy (-0.36%)
Wit (-1.58%)
IciciBk: +0.89%
HdfcBk (-1.98%)
DrRdy: +5.29%
TataMot (-1.93%)
Vedanta (-5.75%)
TatSt (-4.82%)
Axis (-0.39%)
SBI (-2.43%)
RIGD (-1.06%)
INDA (-1.24%) (IShares MSCI INDIA ETF)
INDY (-0.73%) (IShares MSCI INDIA 50 ETF)
EPI (-1.15%) (Wisdom Tree India Earning)
Dow ends more than 450 points lower as spread of coronavirus quashes buying sentiment: Oil prices drop, gold pops as investor anxiety grows
U.S. stock benchmarks on Monday closed sharply, with all three indexes posting their worst daily losses in months and bonds rallied, amid growing worries about the economic implications of a rising death tolls and growing infections from a fast-moving virus in China.
For the Dow and S&P 500, the daily decline represented the worst daily drops since Oct. 2, and the sharpest daily decline for the Nasdaq Composite since Aug, 23, according to Dow Jones Market Data.
The Dow has now fallen for five straight days, representing its longest losing streak since August & it erased its 2020 gain.
China’s financial markets will remain closed until next Monday after authorities extended the Lunar New Year break by three days as they grapple with the virus crisis.
The coronavirus injected Wall Street investors with fresh worries after China extended this week’s Lunar New Year holiday and took more drastic measures to halt the spread of the illness.
As of Monday, the death count rose to more than 80, and the number of those infected neared 3,000 confirmed cases, according to reports. In the U.S., at least 110 people were identified as under investigation for the virus, according to the Centers for Disease Control and Prevention, while a handful of infections were reported in other countries, such as France and Japan.
Questions were being raised over the effectiveness of the quarantine on places like Wuhan, China, believed to be the epicenter of the virus. U.S. President Donald Trump on Monday offered China “any help” needed to help control a coronavirus outbreak.
Wuhan’s mayor Zhou Xianwang said that 5 million of the city’s 11 million people had left the city before the travel ban was imposed. As well, reports that the virus may be infectious during its roughly 14-day incubation period may make containment more challenging.
Concerns have been growing about the potential impact of the virus on China’s economy, which is set to slow to around 5.7% in 2021 from 6.1% last year, down from its near double-digit growth when the severe acute respiratory syndrome, or SARS, hit in 2002-03, according to data from the International Monetary Fund ( killed nearly 800 people in 2002-03 and cost the global economy billions).
“It seems to me the Chinese are doing a much better job of containing it than with SARS and what did SARS ultimately lead to? Did it lead to some sort of economic catastrophe - no.”
After the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak, the S&P rallied more than 10% from the start of the outbreak to the announcement of its containment.
By: via @AlliesFin Serve T.ME/ALLiESFiN
