@ALLIESFIN
Today's Major Results to be announced:
ADANIENT, ADANIGAS, ADLABS, AJANTPHARM, ANDHRABANK, APOLLOTYRE, BERGEPAINT, BOSCHLTD, BRIGADE, CADILAHC, CENTENKA, CERA, CIPLA, DAICHI, DIVISLAB, DLF, ENGINERSIN, EXCEL, GEPIL, GODREJAGRO, GREAVESCOT, GREENPANEL, GUJGAS, HIKAL, HINDPETRO, IBULHSGFIN, JYOTHYLAB, KENNAMET, MANUGRAPH, MATRIMONY, MFSL, MORGANITE, NIITLTD, PTC, QUICKHEAL, RATNAMANI, SAFARIND, SAMKRG, SCHNEIDER, SHALPAINTS, SHANKARA, SUDARSCHEM, SUNCLAYLTD, TCIIND, TIIL, TTML, UGARSUGAR, VMART, ZUARI, ZYDUSWELL, etc...
Sensex: 40789: +917: +2.30%
Nifty: 11980: +272: +2.32%
Dow: 28808: +408: +1.44%
S&P: 3298: +49: +1.50%
Nas: 9468: +195: +2.10%
Brazil: 115557: +928: +0.81%
Ftse: 7440: +114: +1.55%
Dax: 13282: +237: +1.81%
Cac: 5935: +103: +1.76%
WTI Oil: $49.45 (-1.32%)
Brnt: $53.84 (-1.12%)
Gold: $1557 (-1.62%)
Silver: $17.57 (-0.57%)
Copper: $254.5: +1.52%
Eur-$: 1.1043
GBP-$: 1.3031
$-Jpy: 109.49
Re: 71.2712 (-0.13%)
US10yr: 1.60%
GIND10YR: 6.51 ()
$ Index: 97.9520: +0.16%
Vix: 16.05 (-10.68%)
BalticDry: 466 (-21) (-4.31%)
ADR/GDR
Cogni: +1.31%
Infy: +1.46%
Wit: +1.93%
IciciBk: +2.77%
HdfcBk: +2.41%
DrRdy: +3.95%
TataMot: +0.43%
Vedanta: +2.46%
TatSt: +4.30%
Axis: +2.72%
SBI: 4.29%
RIGD: +2.69%
INDA: +2.44% (IShares MSCI INDIA ETF)
INDY: +2.21% (IShares MSCI INDIA 50 ETF)
EPI: +2.10% (Wisdom Tree India Earning)
Nasdaq clinches record close as stock market rebounds from coronavirus selloff: Tesla shares up nearly 112% year-to-date
U.S. stocks rallied the most since August, while Treasuries plunged as investors speculated the global economy will withstand any impact from the still-spreading coronavirus after China’s market sell-off eased.
The S&P 500 pushed its two-day gain to 2.2% (biggest one-day gain in about six months) and the Nasdaq 100 Index hit an all-time high, The Dow notched its biggest single-day rise in more than five months, as investors piled back into risk assets after last week’s rout. European and emerging-market shares rallied. Shanghai stocks rebounded from a record $720 billion wipeout. Treasuries tumbled with gold. Copper in London halted a 14-day slide. Oil bucked the trend, erasing gains that topped 2%. In company news, Tesla Inc. extended its torrid run, jumping 14%.
Tesla, meanwhile, powered the Nasdaq with a surge of more than 13% that lifted the stock above $900 for the first time. That rally follows Tesla’s best day in six years. Billionaire investor Ron Baron, a longtime Tesla bull, said Tuesday that Tesla could see revenues of $1 trillion in 10 years. Tesla, however, gave back a chunk of its gains in the final minutes of trading. At its high of the day, Tesla had surged more than 24%.
*Tuesday’s continued bounce comes after a Reuters report said China’s central bank could cut its key lending rate as well as banks’ reserve requirement ratios (RRRs) in the coming weeks to support economic growth. The report came a day after the People’s Bank of China unveiled liquidity injection measures to the tune of more than 1 trillion yuan. The PBOC also injected another 400 billion yuan in liquidity. *
The balance between deleveraging and growth is likely to be tilted towards stimulus in order to make up ground lost due to the virus and quarantine,” said an expert, in a note. “With Q1/20 GDP likely to fall sharply, we expect Beijing to respond aggressively with fiscal and monetary stimulus to get growth on track in Q2/20. This will generate a V-shaped recovery, led by the industrial sector.
Chinese stocks jumped sharply overnight after a massive slump on Monday. The Shanghai Composite closed 1.3% higher while the Shenzhen A Shares index gained 1.8%. Other equity indexes in the region, including Hong Kong’s Hang Seng and the Korean Kospi, also posted strong gains.
By: via @AlliesFin Serve T.ME/ALLiESFiN
