Global Events
World Markets.
US Market Mixed
Dow Down 3 (-0.01%)
NASDAQ UP 319 (+1.19%), S&P UP 56 (+0.73)
European Market Positive
FTSE 0 (0.00%), CAC UP 62 (+0.78%),
DAX UP 294 (+1.16%)
Asian Markets Positive
Nikkei UP 1666 (+2.44%), Hang S. Down 72 (-0.30%),
Taiwan UP 1242 (+2.56%), Kospi 0 (+0.00), Shanghai UP 12 (+0.31%),
St.Ti UP 10 Points (+0.18%)
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“To be happy you must eliminate two things, the fear of a bad future and the memory of a bad past.”
FX Hub: Drivers of Global and INR Markets:
USDINR: Exp Range: 95.80-96.40
The Indian rupee had closed at 96.31 against the US dollar in the last trading session, the lowest level in more than two months, on risk aversion in global markets amid surging global bond yields and selling pressure from foreign investors. South Korean banks will be shut in observance of National Foundation Day. Chinese banks will be closed in observance of National Day. Most Australian banks will be closed in observance of Labor Day. Fed’s Logan sees further monetary tightening by at least 50 bps. US Nonfarm Payrolls (NFP) increased by just 29,000 in September. This figure significantly missed consensus forecasts of 90,000 and represents a sharp deceleration from August's downwardly revised gain of 133,000. Additionally, the US unemployment rate ticked up to 4.2%, even as the labor force participation rate expanded slightly to 61.8%. Brent Crude prices at $101.61/bbl while DXY trading at 102.03 levels.
Global Markets:
MSCI's Asia Pacific equities index gained 0.4%, while Japanese shares rallied over 2%. The Nikkei 225 rose 2.03% and the broader Topix advanced 1.11%. Hang Seng futures slipped 0.2%. Contracts for the Nasdaq 100 edged up 0.3%.
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US, Europene and Asian all markets in ‘GREEN ZONE’
US equities advanced on Friday session as softer employment data reduced expectations of Fed rate hike
China and South Korea markets to remain closed today
US 10-year bond yields rises to 5.27
US unemployment rate hold at 4.2
US job data misses expectations
OPEC keeps output policy unchanged
US market gains but yield climb
Crude oil slips to 101.40 as Iran war hopes improve
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Gift Nifty UP 132 (+0.58)
Dow Future UP 24
Nasdaq Future UP 137
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Domestic Events
Dollar UP 0.47 at 102.40
Rupees Down 0.47 paisa to close at 96.30 against US$
Sector Watch
IT, Banking, NBFC, Pharma, Realty, Auto
Sector Avoid
FMCG, Capital Goods, Oil & Gas
Indian Markets Trend
Markets likely to rebound with sharp gapup opening
Nifty-50 may cross 72,000, Sensex 22,650
Relief rull to continue as markets is in oversold position
Overall markets to outperform during the session
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ALL EYES ON...
RBI Monetary Policy outcome on Wednesday starting today
Primary Markets
SME IPOs Listing today : Dudani Retail Rs. 29, Sai Urja Ind. Rs.113, Himalaya Solar Rs. 103, Benchmark Rs. 110
Gold & Silver Shines
IPO on Day 2 closes today : Vishal Nirmit 0.61x, Nityas Gems Rs. 70 to 75
IPO Listing today : Orient Cables Rs. 272, Runwal Ent. Rs. 305, German Green Rs. 139, Acevector Rs. 32 per share
Today Listing
Runwal Enterprises (Mainboard), German Green Steel & Power (Mainboard),
Orient Cables (India) (Mainboard), Acevector (Mainboard)
Sai Urja Indo Ventures (BSESME), Himalayan Solar (NSESME), Dudani Retail (BSESME), Bench Mark Infotech Services (NSESME)
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Q-2 FY27 Results
LCC Proj.
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