US Markets in Detail...
@Alliesfin
Provisional Cash Rs. In Crs.
FII/FPI 7981.58 - 8105.81: -124.23
DII 150.78 - 5669.23: +481.55
Sensex: 60,396: +651: +1.09%
Nifty: 18,003: +191: +1.07%
Dow: 36,069 (-163) (-0.45%)
S&P: 4,670 (-7) (-0.14%)
Nas: 14,943 : +7: +0.05%
Brazil: 101,945 (-774) (-0.75%)
Ftse: 7,445 (-40) (-0.53%)
Dax: 15,768 (-179) (-1.13%)
Cac: 7,116 (-104) (-1.44%)
WTI Oil: $78.41 (-0.62%)
Brnt: $80.95 (-0.98%)
Gold: $1,802: +5: +0.29%
Silver: $22.52: +0.50%
Copper: $437.5 (-4) (-0.79%)
Zinc: 3,533 (-17) (-0.48%)
Alluminum: 2,915 (-7) (-0.24%)
Eur-$: 1.1329
GBP-$: 1.3580
Jpy-$: 115.22
Re: 74.0375 (-0.36%)
US10yr: 1.75%
GIND10YR: 6.590: +0.73%
$ Index: 95.9630: +0.25%
Vix: 19.40: +3.41%
BalticDry: 2,289 (-7) (-0.30%)
*ADR/GDR*
Cogni (-0.85%)
Infy: +2.36%
Wit (-2.50%)
IciciBk: +0.65%
HdfcBk: +1.05%
DrRdy: +0.08%
TataMo: +2.28%
TatSt: +0.96%
Axis: +1.51%
SBI: +1.97%
RIGD (-0.91%)
INDA: +0.42% (IShares MSCI INDIA ETF)
INDY: +0.43% (IShares MSCI INDIA 50 ETF)
EPI: +0.69% (Wisdom Tree India Earning)
PIN: +0.11% (Invesco India Etf)
*U.S. stocks ended down but well off their lows of the day, with the Nasdaq staging a furious comeback late in the session as some investors appeared to be hunting for bargains even as they worried about rising interest rates.*
Stocks rebounded as dip buyers emerged to blunt a five-day selloff -- the longest losing streak since September. Nasdaq ekes out gain, S&P 500 and Dow extend losing streaks as Wall Street warns of more than 3 Fed rate hikes in 2022.
While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37% below its intraday record level reached on Nov. 22.
*Large-cap tech stocks were under pressure in early trading but were able to stabilize and then move higher as the day wore on. Nvidia, Tesla and Apple all closed higher after losing ground earlier in the session.*
*After sinking 2% earlier Monday, the S&P 500 almost wiped out its losses, buoyed by signs that the omicron coronavirus variant may be peaking in New York. The Nasdaq 100 turned green after the gauge of giants like Apple Inc. and Microsoft Corp. dropped as much as 8.5% from its November record. Investors have been on edge as the Federal Reserve prepares to raise rates and the resurgent virus threatens economic growth.*
*The rough start to the year for stocks has come as interest rates have spiked. The benchmark 10-year Treasury yield briefly traded above 1.8% on Monday morning after ending 2021 near 1.51%, but settled back below that level later in the day.*
There are some real risks around rate hikes and whatnot, but if you look at some of the major tech companies that are falling, these companies have a massive cash moat. We’re in a fairly good spot, and these are great buy-on-the-dip opportunities right now.
*Three Wall Street firms — Goldman Sachs Group Inc., JPMorgan Chase & Co., and Deutsche Bank AG — said they see the Fed delivering more than the three rate hikes that policy makers have penciled in for this year.*
*The Fed will likely raise rates four times this year and will start its balance-sheet runoff process in July, if not earlier, according to Goldman Sachs Group Inc. A key measure of U.S. inflation -- set to be released Wednesday -- is anticipated to have increased further in December, putting additional pressure on the central bank to tighten policy.*
In the past three decades, there have been four distinct periods of rate-hike cycles by the Fed. On average, technology, which has been under pressure amid prospects of earlier and faster rate increases, is among the best-performing sectors during those cycles.
*What drove markets*
*Along with watching rising bond yields, investors are also anxiously awaiting this week's inflation data and what it will mean for U.S. Federal Reserve monetary policy tightening. The maket is also worried about the impact of the latest coronavirus case numbers on the fourth quarter earnings season which kicks off later this week.
By: via @AlliesFin Serve Stock Market
