!1 New UpdateClick here for latest updates
HDFC twins, ICICI Bank, SBI pull Sensex lower
OPENING BELL | Sensex sheds 440 points, Nifty50 slips below 15,000
Axis Bank drops 2%, ONGC rises 4%
Search, Select & Invest in Top Stocks
Pre-open session: Sensex drops 420 points, Nifty below 15,000
SGX Nifty signals gap-down start
Nifty futures on the Singapore Exchange traded 188.50 points, or 1.25 per cent, lower at 14,662.50 in signs that Dalal Street was headed for a gap-down start on Friday.
Tech View: Nifty may consolidate around 15K level
Nifty50 snapped a three-day winning streak on Thursday, but managed to defend the crucial support at 15,000 level on a closing basis. The index ended up forming an indecisive candle on the daily chart, with a long upper wick, which suggested that the intraday recovery got sold into. Analysts expect Nifty50 take support and stabilise around the psychologically important 15,000 mark.
Asian shares fall on rising bond yields
Asian stocks skidded on Friday as rising US Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough. Australian stocks shed 1%, Japan’s Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.
Gold sinks to 9-month low as Fed remarks boost dollar, bond yields
Gold slumped to a near nine-month low on Friday and headed for a third straight weekly decline after Federal Reserve Chair Jerome Powell disappointed investors with his view on rising yields that pushed up the dollar and bond yields. Spot gold eased 0.2 per cent to $1,693.79 per ounce, having earlier dropped to its lowest since June 8 at $1,688.96. It was down 2.3 per cent for the week so far.
Dollar ascendant as Powell stays dovish course
The dollar held firmly near three-month highs on Friday after surging overnight as Federal Reserve Chair Jerome Powell stuck with dovish rhetoric despite a recent spike in bond market volatility. The dollar index was little changed at 91.660 early in the Asian session after gaining 0.7 per cent overnight.
OPEC and Russia agree to keep a lid on oil output
The Organization of the Petroleum Exporting Countries and its allies set aside proposals for expanding output and decided Thursday to keep a tight rein on production, sticking with current quotas for April with some exceptions. The news was not what analysts had expected. Brent crude, the global benchmark, jumped almost 5 per cent. The decision by the group, known as OPEC Plus, raised concerns of unwelcome price rises in the future.
US 10-year Treasuries borrowing rate goes negative
The cost of borrowing US 10-year Treasuries in the overnight repurchase, or repo market, went deeply negative on Thursda, as investors sought to short the notes, causing market stress. Negative rates in the repo market partly reflect…
Go to the news source: sensex today: Stock Market LIVE Updates: Sensex sheds 200 points, Nifty slips be…