Global Events
World Markets.
US Market Mixed
Dow UP 9 (+0.02%)
NASDAQ Down 553 (-2.15%), S&P Down 91 (-1.21)
European Market Negative
FTSE Down 78 (-0.73%), CAC Down 139 (-1.67%),
DAX Down 392 (-1.58%)
Asian Markets Negative
Nikkei Down 2020 (-3.04%), Hang S. Down 322 (-1.28%),
Taiwan Down 1089 (-2.43%), Kospi Down 371 (-5.23), Shanghai Down 53 (-1.36%),
St.Ti Down 19 Points (-0.34%)
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US, Europene and Asian all markets in ‘RED ZONE’
Dow Jones and Nasdaq down over 500 points
Brent crude crosses $100 per barrel, touched $101 per barrel
Gold down, Silver up
Bond yields spike and at 4.75 on inflation fear
Wall Street slides on Tech rout
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“Worst case scenario I will make it. Best case scenario I will make it big.”
FX Hub: Drivers of Global and INR Markets:
USDINR: Exp Range: 96.35-96.98/97.20
The Indian rupee had closed nearly flat at 96.57 against the US dollar yesterday, little changed from its previous close of 96.56. On the tariffs front, the US will impose duties of between 10% and 12.5% on imports from most of its major trading partners, marking its most significant step yet to rebuild the tariff regime that was struck down in part by the country's Supreme Court. US Initial Jobless Claims fell to 187K in the week ending July 18, sharply below the 212K forecast and the revised 209K previous reading. This was the lowest level since 1969, reinforcing expectations that the Federal Reserve could maintain restrictive monetary policy for longer. The ECB keeps its three key interest rates unchanged, as widely expected, while reiterating its data-dependent approach. Oil prices surged following attacks on Saudi tankers in the Red Sea and concerns that disruptions could affect both the Bab el-Mandeb Strait and the Strait of Hormuz. Brent Crude prices at $100/bbl while DXY trading at 101.21 levels.
Global Markets:
Asian markets opened with major cuts, Japan's Nikkei tumbled 2.33%, in addition, another Tokyo-based index, TOPIX also slipped over 1% in early trade. The MSCI Asia Pacific Index fell 0.8% as markets in Japan, South Korea and Australia declined, following a 1.2% drop on the S&P 500 which was the index's steepest one-day fall in a month, and a 1.9% slump on the tech-heavy Nasdaq 100.
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Gift Nifty Down 190 (-0.79)
Dow Future UP 57
Nasdaq Future UP 40
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Domestic Events
Dollar Down 0.02 at 101.43
Rupees UP 0.01 paisa to close at 96.57 against US$
Sector Watch
Auto, Oil & Gas, Auto Equipment, Energy, Cement, Digno, Healthcare
Sector Avoid
OMCS, Aviation, Paints, IT, NBFC, Banking, Realty, Chemicals
Indian Markets Trend
With gap-down opening, sharp fall may seen in near term
Nifty-50 likely to break 23,650 and Sensex 76,500 levels
Overall, markets to remain highly volatile during the week
Result related stocks to remain in action
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ALL EYES ON...
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Primary Markets
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Today Listing
Caliber Mining & Logistics Ltd. (Mainboard)
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Q-1 FY27 Results
JSPL, Kfin, NTPC, Tata Conusmer, SBI Life, Bank of Baroda, Shriram Finance
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