Page 9 - Us Markets
India, US correlation weakens as equity markets take divergent path
The BSE Sensex has declined merely 2.5 per cent, even as the Dow Jones declined close to 8 per cent.
 "India, US correlation weakens as equity markets take divergent path")
Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500
F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC
 "Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500")
Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%
CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices
 "Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%")
Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel
Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.
 "Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel")
Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC
 "Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers")
Govt bonds, rupee strengthen as crude prices plunge on growth concerns
A decline in domestic headline retail inflation to a five-month low in July also bolstered the appetite for bonds
 "Govt bonds, rupee strengthen as crude prices plunge on growth concerns")
Specialty drugs may push Sun Pharma's US biz beyond $2 bn by 2025
The share of specialty medicines in overall pharmaceutical spending has been consistently increasing over the past decade, from 22 per cent in 2011 to 39 per cent in 2021
 "Specialty drugs may push Sun Pharma's US biz beyond $2 bn by 2025")
Sensex surges 418 pts, ends above 60K; Bajaj twins, RIL top contributors
CLOSING BELL: Bajaj Finserv (up nearly 6 per cent), Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel, BPCL, and HCL Tech were the top large-cap gainers
China state-owned giants to delist from US exchanges amid audit spat
The US SEC on July 29 added Alibaba to a growing list of companies that could be kicked off American exchanges if the two countries fail to reach a deal.
 "China state-owned giants to delist from US exchanges amid audit spat")
Morgan Stanley bets on emerging market debt as JPM says rally unsustainable
The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers
 "Morgan Stanley bets on emerging market debt as JPM says rally unsustainable")
Sensex soars 465 pts, Nifty tops 17,500; all except PSBs rally; SBI dips 2%
CLOSING BELL: Coal India, M&M, Bajaj Finserv, HDFC Bank, Hindalco, Axis Bank, NTPC, L&T, HDFC, Dr Reddy's Labs, RIL, IndusInd Bank, and Apollo Hospitals were the top gainers on the 50-pack index today
 "Sensex soars 465 pts, Nifty tops 17,500; all except PSBs rally; SBI dips 2%")
Sensex gains 89 pts, Nifty holds 17,350 as RBI hikes repo rate by 50 bps
CLOSING BELL: While an in-line repo rate hike of 50 basis points gave ammunition to the bulls, bears tried to drag the indices as inflation projections were maintained for fiscal 2022-23 (FY23)
 "Sensex gains 89 pts, Nifty holds 17,350 as RBI hikes repo rate by 50 bps")
Bangladesh, world's no 2 clothes exporter, sees order drop as power falters
Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery
 "Bangladesh, world's no 2 clothes exporter, sees order drop as power falters")
Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
 "Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%")
TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600
Stock market live updates: As of 7:45 AM, the SGX Nifty Futures quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.
 "TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600")
US SEC files charges against several Indian-Americans for insider trading
The US SEC has filed insider trading charges against several Indian-Americans in connection with three separate schemes that together yielded more than $6.8 million in illicit gains
 "US SEC files charges against several Indian-Americans for insider trading")
Markets surge amid 'peak inflation' optimism, gain now 4% in 4 days
Sensex closes at highest level since June 6; Up 8% from CY22 lows
 "Markets surge amid 'peak inflation' optimism, gain now 4% in 4 days")
Looking at domestic flows, peak pessimism hasn't reached yet: ICICI Sec CIO
'Foreign institutional investment (FII) is expected to reverse when these macro headwinds stabilise for a few months'
 "Looking at domestic flows, peak pessimism hasn't reached yet: ICICI Sec CIO")
US stocks see worst first half drop in over 50 yrs amid inflation woes
US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.
 "US stocks see worst first half drop in over 50 yrs amid inflation woes")
Indian stocks set to post their worst half-year performance in two years
Among sectors, the largest decline was seen in metal & information technology (IT) stocks, while relative outperformance was seen in auto counters
 "Indian stocks set to post their worst half-year performance in two years")
