Create New Account    |   
 
Branch Locator   |   
 
Home | About Us | Careers | Sitemap | Contact Us | Downloads
Product & Services
  | 
Markets
  | 
Derivatives
  | 
Commodities
  | 
BLOG
  | 
Knowledge Center
  | 
Business Associates
 
Domestic shares may witness steep selling amid global rout
11-Oct-18   08:03 Hrs IST

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 255.50 points at the opening bell amid selloff in global stock markets.

Overseas, Asian shares slumped on Thursday after Wall Street suffered its worst drubbing in eight months.

Trading in US index futures indicated that the Dow Jones Industrial Average could slump 220 points at the opening bell today, 11 October 2018.

US stocks slumped to close sharply lower Wednesday as the Dow Jones Industrial Average sank and the S&P 500 had its worst day since February as technology stocks went into a freefall. Investors spooked by rising bond yields dumped equities in all sectors, triggering a broad market rout. The surge in bond yields made stocks look less attractive compared to bonds while also threatening to curb economic activity and profits.

President Donald Trump reportedly knocked the US Federal Reserve for continuing to raise interest rates despite some recent market turbulence. Trump's comments on the central bank Wednesday came a day after he said he did not like what they were doing in terms of monetary policy.

In the latest US economic data, the producer-price index rose 0.2% in September, while the core PPI was up 0.4%. Separately, wholesale inventories in the US rose 1% in August.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1096.05 crore on 10 October 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1,892.94 crore on 10 October 2018, as per provisional data.

The market spurted on Wednesday led by rally in financial shares. Gains were triggered by value buying after recent steep fall in share prices. The central bank's decision to inject liquidity into the system through purchase of government bonds also improved sentiment. The Sensex rose 461.42 points or 1.35% to settle at 34,760.89. The Nifty 50 index rose 159.05 points or 1.54% to settle at 10,460.10.

Powered by Capital Market - Live News

BSE | NSE
Tuesday, June 25, 2019 12:10:00 PM   
Asian Paints    1366.00  (-10.45)    |    
Axis Bank    768.50  (5.65)    |    
Bajaj Auto    2817.00  (0.55)    |    
Bajaj Fin.    3573.00  (27.30)    |    
Bharti Airtel    346.30  (1.50)    |    
H D F C    2159.70  (10.45)    |    
HCL Technologi...    1068.00  (-10.55)    |    
HDFC Bank    2417.30  (0.55)    |    
Hero Motocorp    2602.75  (17.40)    |    
Hind. Unilever    1753.30  (-10.40)    |    
ICICI Bank    428.00  (-1.60)    |    
IndusInd Bank    1449.80  (-10.90)    |    
Infosys    744.70  (-0.90)    |    
ITC    277.30  (1.00)    |    
Kotak Mah. Ban...    1479.00  (7.85)    |    
Larsen & Toubr...    1527.50  (-13.85)    |    
M & M    642.80  (7.35)    |    
Maruti Suzuki    6508.65  (45.70)    |    
NTPC    137.85  (2.35)    |    
O N G C    166.65  (1.40)    |    
Power Grid Cor...    201.40  (2.45)    |    
Reliance Inds.    1276.50  (13.85)    |    
St Bk of India    352.00  (-1.25)    |    
Sun Pharma.Ind...    380.00  (-3.60)    |    
Tata Motors    158.80  (-0.45)    |    
Tata Motors-DV...    77.55  (-0.15)    |    
Tata Steel    490.80  (4.65)    |    
TCS    2267.40  (-7.60)    |    
Tech Mahindra    724.65  (-4.20)    |    
Vedanta    169.45  (0.95)    |    
Yes Bank    109.90  (-2.05)    |