NaMaste !!
*Very Good Morning!!!*
*US Markets in Detail...*
*Happy Rakshabandhan Day!!!*
*SGX: 17,735: +188: +1.07%*
*Provisional Cash Rs. In Crs. (10th Aug)*
FIIs +1,062 (9,358 – 8,296)
DIIs -768 (5,466 – 6,235)
*Today’s Major Corporate Results:*
APOLLOHOSP, ASTERDM, BATAINDIA, BHARATFORG, GAEL, PAGEIND, SHILPAMED, TNPL, etc
Sensex: 58,817 (-36) (-0.06%)
Nifty: 17,535: +10: +0.06%
BankNifty: 38,288: +50: +0.13%
NiftyIT: 29,701 (-267) (-0.89%)
MIDCAP: 24,524 (-32) (-0.13%)
Dow: 33,310: +535: +1.63%
S&P: 4,210: +88: +2.13%
Nas: 12,855: +361: +2.89%
Brazil: 110,236: +1,585: +1.46%
Ftse: 7,507: +19: +0.25%
Dax: 13,701: +166: +1.23%
Cac: 6,523: +33: +0.52%
MOEX: 2,152: +15: +0.69%
WTI Oil: $91.93: +1.58%
Brnt: $97.11: +0.83%
Gold: $1,814: +1: +0.08%
Silver: $20.74: +1.27%
Copper: $365: +6: +1.8%
Copper (LME): $7,983 (-5) (-0.06%)
Alluminum (LME): $2,491: +45: +1.84%
Zinc (LM): $3,537: +91: +2.64%
Tin (LME): $24,426: +126: +0.52%
Eur-$: 1.0300
GBP-$: 1.2216
Jpy-$: 132.9
Re: 79.5188 (-0.17%)
USD- RUB: 60.7354 (-1.16%)
US10yr: 2.78%
GIND10YR: 7.310 (-0.52%)
$ Index: 105.2320 (-1.07%)
US Vix: 19.74 (-9.32%)
India Vix: 19.5875: +1.48%
BalticDry: 1,564 (-2) (-0.13%)
*ADR/GDR*
Cogni: +1.37%
Infy: +0.99%
Wit: +1.86%
IciciBk: +3.43%
HdfcBk: +3.49%
DrRdy: +1.04%
TataMo: +4.40%
TatSt: +3.37%
Axis: +2.46%
SBI: +1.23%
RIGD: +3.28%
INDA: +1.89% (IShares MSCI INDIA ETF)
INDY: +1.87% (IShares MSCI INDIA 50 ETF)
EPI: +1.80% (Wisdom Tree India Earning)
PIN: +1.66% (Invesco India Etf)
*Dow futures were flat in overnight trading on Wednesday after all the major averages posted sharp gains on the back of a better-than-expected July inflation report.*
*Futures tied to the Dow Jones added 0.02% or 6 points, while S&P 500 futures and Nasdaq 100 futures inched 0.07% and 0.13% lower, respectively.*
Disney added 6.7% in late trading after posting stronger-than-anticipated subscriber numbers and topping earning estimates on the top and bottom lines. Shares of Sonos slumped more than 19% after missing analysts’ expectations.
*Wall Street surged on Wednesday, putting the Nasdaq more than 20% above its June low, after U.S. inflation slowed more than expected in July and raised hopes the Federal Reserve will become less aggressive on interest rates hikes*
However, the Nasdaq Composite advanced 360.88 points, or 2.9%, to 12,854.80, exiting bear-market territory after 107 trading sessions. The Nasdaq Composite is up 20.75% from its 2022 closing low of 10646.10 hit Thursday, June 16, 2022. The Dow also exited correction territory, according to Dow Jones Market Data.
*A sharp drop in the cost of gasoline helped the U.S. Consumer Price Index stay flat last month after advancing 1.3% in June, the Labor Department said. The CPI rose by a less-than-expected 8.5% over the past 12 months after a 9.1% rise in June.*
The rally came in the wake of the first notable sign of relief for Americans who have watched inflation steadily climb. Nasdaq exits bear-market territory, now is up 20.8% since bottoming but still needs to pass its prior peak in November to confirm a new bull market, but analysts say markets overreact to inflation data
*Fed funds futures traders are now pricing in only a 43.5% chance that the U.S. central bank hikes rates by 75 basis points when it meets in September, compared with 68% before the data. A 50 basis point hike is seen as a 56.5% probability*
*Softer-than-expected inflation data fueled bets the Federal Reserve could pivot to a smaller pace of hikes -- a view taken with a grain of salt by market watchers saying officials may still be a long ways from achieving their goal.*
Traders went risk-on Wednesday, with the S&P 500 hitting a three-month high. A rally in tech shares sent the Nasdaq 100 more than 20% above its June bottom, leaving it in a bull market going by a commonly held definition. The gauge still sits 19% below its November record. The Cboe Volatility Index slid to a level last seen in April.
By: via @AlliesFin Serve Stock Market
