*Very Good Morning!!!*
*US Markets in Detail...*
*Provisional Cash Rs. In Crs. (22nd Feb)*
FIIS : -3,246 (8,614-11,860)
DIIS : +4,109 (8,144-4,035)
*Today’s Major Financial Results: SANOFI & GAMMON*
Sensex: 57,301 (-383) (-0.66%)
Nifty: 17,092 (-114) (-0.67%)
Dow: 33,597 (-483) (-1.42%)
S&P: 4,305 (-44) (-1.01%)
Nas: 13,382 (-167) (-1.23%)
Brazil: 112,892: +1,167: +1.04%
Ftse: 7,494: +10: +0.13%
Dax: 14,693 (-38) (-0.26%)
Cac: 6,788 (-1) (-0.01%)
WTI Oil: $92.35: +1.41%
Brnt: $96.33: +0.99%
Gold: $1,901: +1: +0.06%
Silver: $24.2: +0.67%
Copper: $451 (-1) (-0.28%)
Zinc: 3,558 (-18) (-0.49%)
Alluminum: 3,280: +17: +0.52%
Eur-$: 1.1327
GBP-$: 1.3601
Jpy-$: 115.08
Re: 74.8750: +0.48%
US10yr: 1.94%
GIND10YR: 6.749: +0.84%
$ Index: 96.0780: +
Vix: 28.81: +3.82%
BalticDry: 2,045: +81: +4.12%
*ADR/GDR*
Cogni (-1.26%)
Infy: +2.40%
Wit: +2.32%
IciciBk: +0.45%
HdfcBk: +0.48%
DrRdy (-1.53%)
TataMo (-3.43%)
TatSt (-4.13%)
Axis (-2.81%)
SBI (-1.78%)
RIGD: +0.63%
INDA (-0.56%) (IShares MSCI INDIA ETF)
INDY (-0.30%) (IShares MSCI INDIA 50 ETF)
EPI (-1.08%) (Wisdom Tree India Earning)
PIN (-0.66%) (Invesco India Etf)
*Stocks fell, pushing the S&P 500 into a correction, as the imposition of sanctions against Russia over its Ukraine militancy put further stress on a market that has shown signs of buckling over the Federal Reserve’s efforts to subdue inflation. Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area. The Dow fell for its fourth straight session. The major averages pared losses late in the trading day, however. At its session low, the Dow had lost more than 700 points.*
The S&P 500 declined 1%, bringing its losses from a January high to 10%, as investors weighed the potential damage from sanctions targeting Russia’s elite and sovereign debt abroad. The European Union and U.K. also signaled they are ready to impose further penalties unless Putin changes course. However, the Russian president has denied plans to invade Ukraine.
*Anxieties over the Federal Reserve’s move to raise interest rates – particularly the prospect of a half-point rate hike – have pushed stocks lower in recent weeks. However, the latest escalation in the Russia-Ukraine conflict ultimately threw the S&P 500 into correction territory.*
Markets in the U.S. were closed Monday in observance of the Presidents Day holiday, with trade on Tuesday providing the first opportunity for investors to react to developments in Eastern Europe.
On Friday, the Dow, S&P 500 and Nasdaq Composite logged a second straight weekly decline. A so-called death cross crystallized in the Nasdaq, a bearish chart pattern.
*What drove the market?*
*The S&P 500’s fall left it 10.3% below its record close on Jan. 3. The S&P 500 on Tuesday fell into a correction for the first time in two years, joining the Nasdaq Composite, as Russia sent troops into pro-Russian regions in Ukraine. A correction is commonly defined by market technicians as a fall of at least 10% (but not greater than 20%) from a recent peak. The last time the S&P 500 entered a correction was Feb. 27, 2020, when the market was being whipsawed by fears about the outbreak of the COVID pandemic.*
*The good news for market participants is that history suggests that the market tends to eventually bounce back after the broad-market benchmark suffers a correction, gauged by data backdated to 1928.*
*Of the past 20 corrections that have occurred in the S&P 500, including those that have morphed into a bear market, defined as a 20% decline from a recent peak, the S&P 500 has ended higher 70% of the time.*
Sentiment soured in the U.S. stock market after Putin ordered forces Monday into separatist regions of eastern Ukraine, raising fears that an invasion was about to materialize.
*Indexes pared losses and ended off their lows of the session after U.S. President Joe Biden announced the first wave of sanctions against Russia, while saying he was hopeful diplomacy is still available.*
By: via @AlliesFin Serve Stock Market
