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| Capitalstars Financial Research Pvt Ltd |
Indian Indices:
A sharp pullback in automobiles, metals and some FMCG names has helped the market erase all of their losses and trade in the green. The Nifty is trading above 11,550, while the Sensex is marginally higher.
In the broader markets, midcaps have seen a smart recovery as well, with the Nifty Midcap index trading a percent higher. Gains in automobiles is led by a surge in Bajaj Auto and Tata Motors. The stocks are up around 3-4 percent.
Sun Pharma is down 4 percent on reports that US drug regulator has issued 6 observations to its Halol unit in Gujarat. Meanwhile, Yes Bank and Power Grid are the other top losers. Tata Motors and Bajaj Auto are the other lead gainers.
The Sensex is up 37.07 points or 0.10% at 38279.88, while the Nifty is up 18.40 points or 0.16% at 11555.30. The market breadth is positive as 1,219 shares advanced, against a decline of 866 shares, while 131 shares were unchanged.
Global Market:
• Asian markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.55% while the Hang Seng is down 0.19%. The Nikkei 225 is not trading.
• US Markets: Nasdaq falls for a third day as Amazon, Apple and chip stocks get hit.
• European markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.87% while Germany's DAX is off 0.71% and France's CAC 40 is lower by 0.31%.
Major Headlines of the day:
• Asia shares hit 14-month lows, yen advances on trade jitters.
• Rupee breaches 72/$.
Trend in FII flows:- The FIIs were Net Value of Rs -455 cash segment while the DIIs were Net Value of 611.98 per the provisional figures.
Securities in Ban For Trade Date 07-SEPTEMBER-2018
NIL
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