Namaste!!
*SGX: 17,606: +43: +0.24%*
*Provisional Cash Rs. In Crs. (16th Sept)*
FIIs -3,260 (21,365 – 24,625)
DIIs 37 (9,504 – 9,541)
Sensex: 58,766 (-1,168) (-1.95%)
Nifty: 17,531 (-347) (-1.94%)
BankNifty: 40,777 (-432) (-1.05%)
NiftyIT: 26,706 (-1,028) (-3.71%)
MIDCAP: 25,558 (-749) (-2.85%)
Dow: 30,822 (-139) (-0.45%)
S&P: 3,873 (-28) (-0.72%)
Nas: 11,448 (-104) (-0.90%)
Brazil: 109,280 (-673) (-0.61%)
Ftse: 7,237 (-45) (-0.62%)
Dax: 12,741 (-215) (-1.66%)
Cac: 6,077 (-81) (-1.31%)
MOEX: 2,435 (-11) (-0.47%)
WTI Oil: $85.11: +0.01%
Brnt: $91.35: +0.56%
Natural Gas: 7.76 (-6.73%)
Gold: $1,684: +6: +0.37%
Silver: $19.38: +0.58%
Copper: $352: +0.76%
Copper (LME): $7,730 (-74) (-0.94%)
Alluminum (LME): $2,308: +37: +1.63%
Zinc (LM): $3,187 (-43) (-1.33%)
Tin (LME): $20,810 (-367) (-1.73%)
Eur-$: 1.0016: +0.15%
GBP-$: 1.1420 (-0.41%)
Jpy-$: 142.92 (-0.42%)
Re: 79.7450: +0.05%
USD-RUB: 60.4242: +0.40%
US10yr: 3.45%
GIND10YR: 7.266: +0.39%
$ Index: 109.643 (-0.09%)
US Vix: 26.3: +0.11%
India Vix: 19.82: +7.77%
BalticDry: 1,595: +187: +13.28%
*ADR/GDR*
Cogni: +0.26%
Infy (-2.30%)
Wit (-2.17%)
IciciBk (-1.90%)
HdfcBk (-3.03%)
DrRdy (-2.17%)
TataMo (-3.04%)
TatSt (-1.14%)
Axis (-0.10%)
SBI (-2.38%)
RIGD (-1.34%)
INDA (-1.10%) (IShares MSCI INDIA ETF)
INDY (-0.94%) (IShares MSCI INDIA 50 ETF)
EPI (-1.29%) (Wisdom Tree India Earning)
PIN (-2.22%) (Invesco India Etf)
*U.S. stocks ended lower Friday, trimming losses into the close but still booking big weekly losses, after a warning from FedEx Corp. rattled investors amid ongoing worries that another interest rate hike by the Federal Reserve next week heightens recession risks. The dollar is poised for its best week in a month.*
Risk-off sentiment went from simmer to boil in the wake of FedEx Corp's withdrawal of its earnings forecast late Thursday, citing signs of dampening global demand.
FedEx's move followed remarks from the World Bank and the IMF, both of which warned of an impending worldwide economic slowdown.
*Financial markets have priced in a 18% likelihood of a super-sized, 100 basis point increase to the Fed funds target rate on Wednesday, according to CME's FedWatch tool.*
*Dow Transports, viewed as a barometer of economic health, plummeted 5.1%.*
Dip buyers emerged in afternoon trading, with gains in some big tech names including Nvidia Corp. and Intel Corp.
*For the week, the Dow fell 4.1%, while the S&P 500 dropped 4.8% drop and the Nasdaq Composite tumbled 5.5%. The S&P 500 and Nasdaq each saw their biggest weekly percentage drops since June, while the Dow had its worst week since the stretch ending Aug. 26.*
*Volume on U.S. exchanges was 16.92 billion shares, compared with the 10.72 billion average for the full session over the last 20 trading days.*
*What drove the market?*
U.S. stocks ended down Friday, deepening losses for the week amid heightened fears of a recession.
*FedEx Corp.’s profit warning late Thursday is a sign of a slowing economy, said Michael Landsberg, an expert. Landsberg, who is expecting a “hard landing” for the U.S. economy as the Federal Reserve keeps tightening its monetary policy, said “I would not be buying the equity dip in the U.S. or in Europe.”*
*FedEx shares plunged 21.4% after the global shipper and economic bellwether late Thursday withdrew its annual outlook and forecast sharply lower quarterly profit and lower revenue. The news put pressure on other shipping stocks and dented overall investor sentiment, analysts said, as FedEx CEO Raj Subramaniam told CNBC late Thursday that the global economy was likely headed for a recession.*
“The fact that FedEx expects the US economy to enter into a recession has made traders trade carefully, and there aren’t many who are willing to buy the market. It is highly likely that we will see a similar message from other companies in the coming days as well, and that may make the overall sentiment even more adverse.
By: via @AlliesFin Serve Stock Market
