Namaste!!!
US Markets in Detail...
@AlliesFin
Provisional Cash Rs. In Crs. (27th Jan)
FIIS : (-)6,267 (11,417-17,684)
DIIS : +2,881 (10,727-7,846)
TODAY’S MAJOR CORPORATE RESULTS:
APTUS, ARVSMART, ATUL, AUBANK, BEL, CARERATING, CENTRALBK, CENTURYPLY, CHAMBLFERT, CROMPTON, DBCORP, DEEPAKFERT, DIXON, DRREDDY, EIHAHOTELS, EMBASSY, EQUITASBNK, FLUOROCHEM, GSFC, HAPPSTMNDs, KITEX, KOTAKBANK, KTKBANK, LT, MFSL, MRPL, NAUKRI, PGINVIT, POWERMECH, STAR, SUZLON, TATACOFFEE, TIRUMALCHM, UBL, UTIAMC, VEDL, etc
Sensex: 57,277 (-581) (-1%)
Nifty: 17,110 (-168) (-0.97%)
Dow: 34,161 (-7) (-0.02%)
S&P: 4,327 (-23) (-0.54%)
Nas: 13,353 (-189) (-1.40%)
Brazil: 112,612: +1,322: +1.19%
Ftse: 7,554: +85: +1.13%
Dax: 15,524: +65: +0.42%
Cac: 7,024: +42: +0.60%
WTI Oil: $87.05 (-0.34%)
Brnt: $89.75 (-0.23%)
Gold: $1,797 (-35) (-1.92%)
Silver: $22.75 (-4.44%)
Copper: $441 (-10) (-2.23%)
Zinc: 3,610: +38: +1.05%
Alluminum: 3,094: +2: +0.06%
Eur-$: 1.1143
GBP-$: 1.3381
Jpy-$: 115.37
Re: 75.0737: +0.40%
US10yr: 1.80%
GIND10YR: 6.746: +1.26%
$ Index: 97.2390: +0.79%
Vix: 30.49 (-4.60%)
BalticDry: 1,296 (-47) (-3.50%)
ADR/GDR
Cogni (-0.05%)
Infy (-2.59%)
Wit (-3.15%)
IciciBk: +0.05%
HdfcBk (-1.83%)
DrRdy (-4.75%)
TataMo: +2.99%
TatSt (-2.03%)
Axis: +3.35%
SBI: +2.64%
RIGD (-1.34%)
INDA (-0.58%) (IShares MSCI INDIA ETF)
INDY (-0.28%) (IShares MSCI INDIA 50 ETF)
EPI: +0.11% (Wisdom Tree India Earning)
PIN (-1.31%) (Invesco India Etf)
*U.S. stocks fail to hold early gains, rather coughed up another sizable advance, despite strong economic data. U.S. GDP saw fourth-quarter growth spurt, but market is back in sell mode. The dollar jumped and gold plunged as investors continued to reprice assets to account for the Federal Reserve’s pivot to restrictive policy.*
The S&P 500 erased a rally of almost 2%, while the Nasdaq 100 sank to its lowest since June. The Russell 2000 of small caps entered a bear market after tumbling over 20% from its peak. Tesla Inc. tumbled 12%, wiped out about $109 billion of its value as the electric-car maker pushed back introductions of new models amid supply-chain challenges. Intel Corp. dragged down chipmakers on a disappointing outlook. The two-year Treasury yield climbed. In late trading, Apple Inc. rallied on record sales that beat estimates, while Robinhood Markets Inc. slumped after revenue missed expectations. The dollar climbed alongside the two-year Treasury yield. U.S. natural gas futures spiked, a sharp move that could be a sign of bearish wagers being squeezed out of the market.
*Stocks are coming off three straight roller-coaster sessions, with the indexes seeing big swings each day this week. Despite wild intraday movement, the Dow is down just 0.3% on the week, while the S&P 500 is off by 1.6% and the Nasdaq is 3% lower.*
More than $5 trillion has been wiped out from stock values this year as traders struggled to price the outlook for interest rates. *Markets had been factoring in four quarter-point hikes in 2022, but that edged toward five after Fed Chair Jerome Powell suggested the economy and labor market could handle a faster pace if warranted. Morgan Stanley’s strategist Andrew Sheets is doubling down on a bet that U.S. stocks are turning from leaders to laggards as they struggle to adjust to an era of tighter policy.*
*Market volatility is not going away anytime soon as the ‘buy the dip’ crowd has a new motto, ‘sell the rally’. Today’s stock market rally did not last as corporate America reminded us that supply-chain troubles persist, and profit forecasts are not providing any reasons to be optimistic. Many traders are still processing what happened yesterday with the Fed.*
*The S&P 500 once again narrowly avoiding correction confirmation at the end of a session marked by a rally, selloff and recovery as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve.*
By: via @AlliesFin Serve Stock Market
