Financial stocks likely to face more selling pressure due to large FPI exposure
The market had not positioned itself for the US 10-year bond yield at 4.95 per cent and, therefore, this unexpected spike in yields will take its toll on equity markets, he said.
Festive Cheer: We're 2-4 weeks away from markets touching all-time high
This was seen during the Ukraine-Russia war and more recently last week during the Hamas-Israel conflict. Markets were hit just on Monday and then rebounded. This strong market performance can only be attributed to the strength that the underlying markets have and not to any other reason.
Asked about movement in share prices, Premier Polyfilm asks exchanges to look into the reasons
“Now, we request you to look into the reasons for sudden rise in prices and volume of share of the company at your own level and take action accordingly. This will also be in the interest of investors and promoters. In the event, if you come across any reasons which can jeopardise the interest of the investors or the company, kindly caution us," the company said.
Monetary policy announcement seen as neutral from market perspective
Not only the policy rates but the growth and inflation targets for FY24 remain unchanged. More than this status-quo statement from the MPC, tonight’s job numbers from the US will determine the market trend in the near-term, he said.
Sensex up more than 500 points as crude prices correct
The decline in the dollar and US bond yields are mild and therefore, not adequate for a reversal of FII selling, which continues to be very high. But the sharp correction in Brent crude to $86 is a big positive, he said.
Major negative for market is sustained FII selling
There are mixed cues for the October series, which historically has been a good month for markets.
US stock market shows mixed response over what Fed Chairman Powell may unveil in monetary policy
With inflation returning at 3.7 per cent, there were expectations that the Fed may raise interest rates, but the Fed chairman is holding back as he feels it is a temporary phenomenon.
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