Financials lift Wall Street, but rate worry caps gains

The Dow Jones Industrial Average rose 54.45 points, or 0.2 percent, to 26,828.39, the S&P 500 gained 2.08 points, or 0.07 percent, to 2,925.51 and the Nasdaq Composite added 25.54 points, or 0.32 percent, to 8,025.09.

Wall Street advanced on Wednesday and the Dow Jones Industrial Average closed at a record for a second day, after U.S. economic data fuelled a rise in Treasury yields, lifting financial stocks.

Traders now see a 79.7 percent chance of a 25 basis point hike at the December meeting of the Fed, up from 78.5 percent a day ago, according to CME's FedWatch tool.

General Motors rose 2.1 percent after Honda Motor said it would invest $2 billion over 12 years in the U.S. carmaker's Cruise self-driving unit.

Michael Kors rose 3.0 percent after Citi upgraded the stock on expectations its recent purchase of Italian fashion house Versace would boost performance.

Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favoured advancers.

The S&P 500 posted 29 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 38 new highs and 67 new lows.

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CAPITAL BUILDER OPENING BELL

CAPITAL BUILDER OPENING BELL

NIFTY DOWN BY 103.55 @ 10754.70, 

BANKNIFTY DOWN BY 334.75 @ 24735.15, 

SENSEX DOWN BY 155.10 @ 35820.53

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Closing BEll: Sensex tanks 551 pts on falling rupee, boiling oil prices; Nifty dips 1.4% to 10,858; M&M cracks 7%

CAPITAL BUILDER CLOSING BELL :


NIFTY DOWN BY 150.05 @ 10858.25,


BANKNIFTY DOWN BY 297.10 @ 25069.90,


SENSEX DOWN BY 550.51 @ 35975.63

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Sell-off continues as Sensex slides 300 pts; IT, Autos top losers

Nifty IT and Auto were biggest losers among sectoral indices while Metal (up 3 percent) and PSU Bank (up 2 percent) topped the buying list.

Market Update:

Bears tightened their grip on Dalal Street as benchmark indices continued to trade sharply lower amid rising crude oil prices, Italy's Budget plan woes and rupee volatility.

The 30-share BSE Sensex dropped 304.04 points to 36,222.10 and the 50-share NSE Nifty dipped 81.30 points to 10,927 but the market breadth remained positive.

About two shares advanced for every share falling on the BSE.

Nifty IT and Auto were biggest losers among sectoral indices, falling around 1.7 percent each while Metal (up 3 percent) and PSU Bank (up 2 percent) topped the buying list.

Eicher Motors, M&M, Axis Bank, Bharti Infratel, TCS and UPL fell 3-6 percent followed by Reliance Industries, Infosys and Maruti Suzuki.

Bajaj Finance, Vedanta, Indiabulls Housing Finance, HPCL, Hindalco, BPCL and Yes Bank outperformed market, rallying 3-8 percent followed by IOC and SBI.

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L&T bags Rs 3,036-cr order to build terminal-2 of Bengaluru airport

Larsen & Toubro (L&T) Wednesday said its buildings and factories business has won Rs 3,036-crore order from Bangalore International Airport Ltd (BIAL) to construct terminal-2 of the Kempegowda International Airport, Bengaluru. 

"The scope of work includes design, engineering, procurement, construction, testing and commissioning of terminal-2, including the integration of services and utilities along with the airport's systems, support facilities and buildings," the engineering and construction major said in a BSE filing.

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Rupee recovers after report of talks on special dollar window for oil firms

The Indian rupee recovered sharply from record low levels on Wednesday after NewsRise reported that the government was in talks with the central bank for a special dollar swap window with some state-run fuel retailers. 

The partially convertible rupee briefly traded stronger on the day at 72.90 per dollar against its previous close of 72.91 after the news report. It had touched a life low of 73.42 earlier in the session.

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Sensex, Nifty off day’s low; Metal stocks surge

Equity benchmarks indices have bounced back from its day’s low points with Sensex trading 96 points down at 36,429 levels. 

Nifty was trading 42 points down at 10,965 levels. 

All sectoral indices, Nifty Metal was the best performing index, trading 2% up. On the flip side, Nifty auto index was trading 1% down. 

Market breadth was majorly positive on the NSE with 1,125 shares advancing, 582 points declining and 354 remaining unchanged.

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Asian shares ease, euro near 6-week lows on Italian woes; gold jumps

Japan's Nikkei eased 0.5 percent on a stronger yen. Australian shares gained 0.3 percent while New Zealand's benchmark index fell 0.2 percent. 

E-Minis for the S&P 500 were a shade softer as were Dow futures.

Asian shares ticked down on Wednesday and the euro held at six-week lows as Italy's mounting debt and Rome's budget plan set it on a collision course with the European Union.

China's financial markets are closed for the National Day holiday and will resume trade on October 8. The markets in the world's second biggest economy have taken a hammering this year as investors fretted the trade dispute could put a significant dent on growth.

That left MSCI's broadest index of Asia-Pacific shares outside Japan a shade weaker at 515.9 points.

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CAPITAL BUILDER OPENING BELL:

CAPITAL BUILDER OPENING BELL: 

NIFTY DOWN BY 25.60 @ 10982.70, 

BANKNIFTY DOWN BY 76.45 @ 25290.55, 

SENSEX UP BY 76.71 @ 36602.85

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Asian markets trade mixed:

Asian markets trade mixed: 

Asia markets are trading mixed this Monday morning led by data released on Sunday showing a slowdown in China's manufacturing sector. 

The Nikkei 225 was 0.39 percent higher while the Topix declined by 0.13 percent in the early hours. 

In South Korea, the Kospi was higher by around 0.1 percent in the morning.

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CLOSING BELL: Sensex drops 97 pts; Nifty ends at 10,930; Infibeam Avenues sinks 71%, YES Bank 9%

CAPITAL BUILDER CLOSING BELL : 

NIFTY DOWN BY 47.10 @ 10930.45, 

BANKNIFTY UP BY 77.70 @ 25119.85, 

SENSEX DOWN BY 97.03 @ 36227.14

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क्रूड ऑयल प्राइस टुडे: कच्चे तेल में तेजी जारी, बाजार को सप्लाई घटने की चिंता

सऊदी अरब की ओर से सप्लाई बढ़ने की उम्मीद के बावजूद कच्चे तेल की कीमतों में तेजी देखने को मिल रही है. 

अमेरिकी कच्चे तेल के बेंचमार्क WTI क्रूड का भाव 21 सेंट की मजबूती के साथ 72.33 डॉलर प्रति बैरल पर पहुंच गया, जबकि ब्रेंट क्रूड का दाम 18 सेंट की तेजी के साथ 81.56 डॉलर प्रति बैरल के आसपास कारोबार कर रहा था.

वहीं, MCX पर कच्चे तेल की कीमतों की बात करें तो शुक्रवार को वायदा बाजार में अक्टूबर में डिलीवरी के लिए कच्चे तेल का भाव 183 रुपये या 0.34 फीसदी की तेजी के साथ 5,257 रुपये प्रति बैरल पर पहुंच गया, इस दौरान इसमें 393 लॉट के कारोबार था.

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YES Bank shares continue to tumble, drop nearly 10%

Yes Bank stock has crashed more than 50 percent in last one month wiping out more than Rs 4,600 crore in market capitalisation. It fell as much as 9 percent on Friday to hit fresh 52-week low of Rs 184.45.

It was quoting at Rs 189.30, down Rs 13.90, or 6.84 percent, on the BSE at 10:50 hours IST. 

It has been the biggest loser among Nifty50 stocks in last one month.

In the dock for under-reporting bad loans, Yes Bank has denied any “window dressing” of corporate loans to conceal its non-performing asset (NPA) status.

Yes Bank further said its gross NPA ratios are among the finest in the banking industry and the internal control over financial planning is audited with BSR and Co (KPMG), that has given an “un-qualified opinion” on it.

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Indian rupee erases morning gains; trades marginally lower at 72.63 per dollar

After a positive opening Indian rupee erased all its morning gains and trading marginally lower at 72.63 per dollar.


It opened higher by 10 paise at 72.49 per dollar versus previous close 72.59.


Yesterday it ended flat versus Wednesday's close of 72.61 per dollar.

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Nikkei hits 27-year high on strong dollar, Wall Street gains

Japan's Nikkei stock index rose as high as 24,286.10 points, reaching its highest levels since November 1991, on renewed optimism about the global economy and hopes of a boost to exporters' earnings from a weaker yen. It was last up 1.5 percent.

Japan's Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight.

Shares elsewhere in Asia also rose, with MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.1 percent. Shares in China were higher ahead of a week-long national holiday. Blue chips gained 1.1 percent and the country's main Shanghai Composite index was 0.9 percent higher.

Australian shares rose 0.4 percent, while Seoul's Kospi gave up ground, falling 0.3 percent after hitting three-month highs on Thursday.

The Dow Jones Industrial Average rose 0.21 percent to 26,439.93 on Thursday, the S&P 500 gained 0.28 percent to 2,914 and the Nasdaq Composite added 0.65 percent to 8,041.97.

S&P E-mini futures rose 0.1 percent on Friday to 2,923.5.

U.S. crude was 0.2 percent higher at $72.28 a barrel. Brent crude was mostly flat at $81.73 per barrel.

Gold was slightly higher after tumbling 1 percent on Thursday on strength in the U.S. dollar, which made bullion more expensive for buyers using other currencies.

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OPENING BELL: Sensex jumps 150 pts, Nifty50 nears 11,050; DHFL gains 3%, Apollo Tyres drops 3%

CAPITAL BUILDER OPENING BELL: 

NIFTY UP BY 30.55 @ 11008.10, 

BANKNIFTY UP BY 93.65 @ 25135.80, 

SENSEX UP BY 128.57 @ 36452.74

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The Indian government on Wednesday hiked import duty on high-end consumer items

The Indian government on Wednesday hiked import duty on high-end consumer items including washing machines, air conditioner, footwear, diamonds, jet fuel as a part stabalise currency and to reduce current account deficit (CAD).

“The government has chosen consumer goods over capital ones, banking on the robust and resilient consumption growth over the past year. Given these are a small share of overall imports, the measures would help reduce imports by only USD 500 million (0.1% of total imports), which is quite small,”

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Sensex, Nifty rise after a choppy start; airline stocks tank on jet fuel duty hike

Among sectors, banks are trading in the red, while IT and pharmaceuticals are trading higher.

Market Update

Shares are trading marginally higher after seeing a negative move in the first few minutes of trade. The Nifty is trading around 11,050, while the Sensex is trading flat.

The Sensex is up 39.87 points or 0.11% at 36582.14, while the Nifty is higher by 4.00 points or 0.04% at 11057.80. 

The market breadth is narrow as 923 shares advanced, against a decline of 697 shares, while 68 shares were unchanged.

Asian Paints, Vedanta, Titan and UltraTech Cement were the top gainers, while Yes Bank, HDFC, Indiabulls Housing and Bajaj Finance have lost the most.

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Wall Street rally fizzles, US dollar rises, after Fed rate hike

The Dow Jones Industrial Average fell 106.93 points, or 0.4 percent, to 26,385.28, the S&P 500 lost 9.59 points, or 0.33 percent, to 2,905.97 and the Nasdaq Composite dropped 17.11 points, or 0.21 percent, to 7,990.37.

Benchmark 10-year notes last rose 14/32 in price to yield 3.0499 percent, from 3.102 percent late on Tuesday.

The pan-European FTSEurofirst 300 index rose 0.27 percent and MSCI's gauge of stocks across the globe shed 0.15 percent.

The dollar index rose 0.15 percent, with the euro down 0.25 percent to $1.1741. The Japanese yen strengthened 0.25 percent versus the greenback at 112.74 per dollar.

Oil prices eased off four-year highs above $82 hit on Tuesday but were still set for a fifth consecutive monthly quarter of gains, driven by a looming drop in Iranian exports in the last quarter of the year when global demand heats up.

US crude fell 0.43 percent to USD 71.97 per barrel and Brent was last at USD 81.10, down 0.2 percent on the day.

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Closing Bell: Sensex ends over 100 pts lower, Nifty holds 11,050; IT, FMCG take a big hit

At the close of market hours, the Sensex closed 109.79 points or 0.30% lower at 36542.27, while the Nifty was down 13.70 points or 0.12% at 11053.80. 

Market at Close After a day of relief rally on Tuesday (September 25, 2018), equity benchmarks have closed on a lower note on Wednesday. 

However, the key, psychological mark of 11,000 has been held by the Nifty. Investors could also be cautious ahead of US Federal Reserve’s decision on interest rates, which will be declared later in the day.

There was major selling seen among information technology names. The likes of TCS, Infosys and Wipro, among others dragged the index lower and managed to weigh on frontline indices as well. Automobiles, consumer and PSU banks were the other big losers. The Nifty Midcap index closed with marginal gains.

The market breadth is negative as 1,266 shares advanced, against a decline of 1,330 shares, while 197 shares were unchanged.

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