S&P 500 dips as chip stocks and utilities tumble

The Dow Jones Industrial Average fell 0.26 percent to end at 26,492.21 points, and the S&P 500 lost 0.13 percent to 2,915.56.

The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.

The S&P 500 energy index added 0.57 percent as Brent oil hit a four-year high, boosted by imminent US sanctions on Iranian exports, and OPEC and Russia's reluctance to raise output.

The Nasdaq Composite rose 0.18 percent to 8,007.47. Amazon.com Inc provided the greatest lift to the technology-heavy index, jumping 2.08 percent.

The S&P 500 posted 31 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 65 new highs and 54 new lows.

Volume on US exchanges was 6.6 billion shares, just below the 6.7 billion average over the last 20 trading days.

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Oil hits 4-yr high as Opec, Russia resist output rise

Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to hit to supply.

Brent crude futures rose to $81.69 a barrel shortly after 0600 GMT, a level not seen since November 2014. They were still at $81.50 at 0655 GMT, up 30 cents, or 0.4 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $72.28 a barrel, up 20 cents, or 0.3 percent from their last settlement.

The United States from Nov. 4 will target Iran's oil exports with sanctions, and Washington is putting pressure on governments and companies around the world to fall in line and cut purchases from Tehran.

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सेंसेक्स टुडे | शेयर बाजार: मिलीजुली शुरुआत, आईटीसी 2% लुढ़का

मंगलवार को घरेलू शेयर बाजार लाल निशान के साथ खुले. हालांकि, रुपये में आई हल्की-फुल्की तेजी ने बाजारों को हरे निशान में पहुंच दिया. यह और बात है कि बाजार इस बढ़त को बरकरार नहीं रख पाए. एशियाई बाजारों की सुस्ती ने बाजार की कारोबारी धारणा को कमजोर किया.

सुबह 9.30 बजे, बीएसई सेंसेक्स 16 अंक या 0.04 फीसदी की मामूली गिरावट के साथ 37,906 कर कारोबार करता हुआ नजर आया. वहीं, निफ्टी50 इंडेक्स भी 3 अंक या 0.03 फीसदी की मामूली गिरावट के साथ 11,435 अंक पर रिकॉर्ड किया गया.

सोमवार को अमेरिकी शेयर बाजार में मिलाजुला रुख देखने को मिला. डाउ जोन्स ने 0.23 फीसदी की गिरावट दर्ज की. जबकि एसएंडपी 500 इंडेक्स 0.19 फीसदी की मजबूती के साथ बंद हुआ. नेस्डेक कंपोजिट ने 0.27 फीसदी की बढ़त के साथ सत्र के कारोबार को खत्म किया.

सेंसेक्स में सन फार्मा के शेयरों ने 1.45 फीसदी की तेजी हासिल की. इंफोसिस के शेयर 1.44 फीसदी की बढ़त के साथ 648.70 रुपये तक पहुंचे. महिंद्रा एंड महिंद्रा, इंफोसिस और अडानी पोर्ट्स के शेयर क्रमश: 1.41 फीसदी, 1.37 फीसदी और 1.14 फीसदी तक चढ़े.

मंगलवार को रुपया 15 पैसे की तेजी के साथ 72.30 के स्तर पर खुला. सोमवार को रुपया 72.45 रुपये के स्तर पर बंद हुआ था. चीन और अमेरिका के बीच ट्रेड वॉर की बढ़ती चिंताओं ने डॉलर की मांग बढ़ाई. इससे उभरते हुए बाजारों की करेंसी पर दबाव बढ़ा.

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Market Live: Sensex down over 200 points; Nifty breaks 11,500

Market Update: A sharp selloff in the Indian rupee has dragged equity benchmarks on this Monday morning. 

The Sensex is down over 200 points, while the Nifty is testing 11,500-mark as well. The Indian currency has seen a steep fall of 59 paise to 72.34 per US dollar. Apart from that, weakness in automobiles, banks and energy names are weighing on indices.

Midcaps, too, are trading in the red, down 0.25 percent on the Nifty Midcap index. Shares of Axis Bank jumped 5 percent after a successor to Shikha Sharma was announced, while Tata Motors fell 2 percent after its total JLR sales took a hit.

At 10:00 hrs IST, the Sensex is down 235.99 points or 0.61% at 38153.83, while the Nifty is down 77.20 points or 0.67% at 11511.90. The market breadth is narrow as 949 shares advanced, against a decline of 915 shares, while 97 shares were unchanged.

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Asia shares hit 14-month lows, yen advances on trade jitters

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.34 percent to reach its lowest since mid-July last year.

Asian shares slipped to a 14-month trough on Friday as investors feared a new round of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech sector.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.34 percent to reach its lowest since mid-July last year.

The Nikkei fell 0.9 percent, undermined by a rising yen and reports US President Donald Trump could be contemplating taking on Japan over trade.

The S&P 500 lost 0.37 percent and the Nasdaq 0.91 percent, while the Dow eked out a 0.08 percent gain.

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17 years on, Maruti still commands 50% share of Indian car market

Renault could not meet the pricing parameters set by the Indira Gandhi government. And so to bring to life her son Sanjay Gandhi’s dream of making an a common man’s car for India it went ahead to join hands with Suzuki Motor Corporation.

Maruti’s closest competitor Hyundai, which entered India in 1998, has only 16 percent share, as of today. Renault, which ultimately entered India in 2005 through joint venture with Mahindra & Mahindra (M&M) to make the Logan, has not covered much distance either. By end of July the French company had a share of just 3 percent while the JV with M&M was dissolved in 2010 itself.

Alto (800cc and 1000cc) generates 17 percent of the volumes of Maruti Suzuki selling an average of 21,000 units every month. This is followed by the Swift with average sales of 15,000 units a month. Both the models have not received any significant upgrade in the past few years.

 #Automobile #Business #Companies #Maruti Suzuki #Renault #Suzuki

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Australia stocks higher at close of trade; S&P/ASX 200 up 0.36%

Australia stocks were higher after the close on Wednesday, as gains in the Telecoms Services, Financials and Consumer Staples sectors led shares higher.

At the close in Australia, the S&P/ASX 200 rose 0.36%.

The best performers of the session on the S&P/ASX 200 were Platinum Asset Management Ltd (AX:PTM), which rose 11.17% or 0.545 points to trade at 5.425 at the close. Meanwhile, Whitehaven Coal Ltd (AX:WHC) added 3.54% or 0.080 points to end at 2.340 and Flexigroup Ltd (AX:FXL) was up 3.46% or 0.075 points to 2.245 in late trade.

The worst performers of the session were Seven West Media Ltd (AX:SWM), which fell 7.10% or 0.055 points to trade at 0.720 at the close. Santos Ltd (AX:STO) declined 5.65% or 0.210 points to end at 3.510 and CYBG PLC (AX:CYB) was down 5.29% or 0.245 points to 4.385.

AUD/USD was up 0.20% to 0.7480, while AUD/JPY rose 0.55% to 77.00.

The US Dollar Index was up 0.01% at 95.55.

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