Sensex jumps 514 pts, ends above 59k; Nifty Realty up 4%, auto worst loser

Only 10 stocks from the Nifty basket closed in the red

8:47 AM

FII/DII data

8:45 AM

BSE bulk deal data for Monday

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8:42 AM

Bulk deal on NSE on Monday

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8:38 AM

SGX Nifty indicates flat-to-positive start

>> At 8:35 AM, the SGX Nifty was at 17,438 levels, up 82 points

8:35 AM

Rupee slumps 26 paise to close at 73.74 against US dollar

The Indian rupee dived 26 paise to close at a near four-week low of 73.74 against the US dollar on Monday as weaker Asian peers and massive sell-offs in domestic equities weighed on investor sentiment.

 

At the interbank foreign exchange market, the local currency opened at 73.82 and finally settled for the day at 73.74 a dollar, down 26 paise over its previous close. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.27 per cent higher at 93.44.

 

 

Source: PTI

8:34 AM

Crude sinks with broader market on china crackdown fears

Oil declined amid growing concerns over the health of China’s economy that have triggered massive losses in equities. U.S. crude futures slid 2.3% to settle at the lowest level in more than a week as worries mounted over a possible implosion in the Chinese property sector that could impact the Asian giant’s appetite for crude. A stronger U.S. dollar is also making commodities priced in the currency less attractive.

 

Source: Bloomberg

 

8:33 AM

Asian indices trade lower tracking weak US markets

Shares in Asia-Pacific declined in Tuesday morning trade as investors continue to monitor the situation surrounding embattled developer China Evergrande Group. Japanese stocks declined as they returned to trade following a Monday holiday. The Nikkei 225 dropped 1.84% while the Topix index shed 1.74%.

 

Hong Kong’s Hang Seng index, which was dragged down by more than 3% on Monday amid investor fears around Evergrande, fell 0.79% in Tuesday morning trade. In Australia, the S&P/ASX 200 dipped 0.27%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.5% lower.

 

Markets in mainland China and South Korea are closed on Tuesday for a holiday.

 

Source: CNBC

8:32 AM

US stocks tumble on Monday

The major averages tumbled on Monday due to a confluence of concerns including the imminent Federal Reserve meeting, the lingering delta variant, potential economic disruption in China and the debt ceiling deadline. However, stocks closed well off their lows of the day.

 

The S&P 500 slid 1.7% for its worst day since May 12 of this year. At it’s low of the day, the 500-stock average pulled back 5% on an intraday basis from its high. It currently sits 4.1% from its record. The Dow Jones Industrial Average plummeted 614 points, or 1.8%, for its biggest one-day drop since July 19. The Nasdaq Composite dropped 2.2% as growth pockets of the market were some of the hardest hit.

 

Source: CNBC

8:29 AM

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