Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 34 views

    Datacf

    Uploaded by

    hemanggor
    Asian share markets slipped as declining oil prices erased gains in Wall Street and hurt risk appetite. Crude futures fell further in Asian trading on oversupply concerns from the IEA, with US oil dropping to a new low since 2003 below $28 per barrel. In India, the Nifty snapped a three-day losing streak, ending over 1% higher supported by stimulus hopes from slowing China growth and expectations of strong 7.9% Indian economic growth in the next fiscal year. Trading saw broad gains in blue-chips and a recovery in the rupee.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Datacf

    Uploaded by

    hemanggor
    34 views2 pages
    Asian share markets slipped as declining oil prices erased gains in Wall Street and hurt risk appetite. Crude futures fell further in Asian trading on oversupply concerns from the IEA, with US oil dropping to a new low since 2003 below $28 per barrel. In India, the Nifty snapped a three-day losing streak, ending over 1% higher supported by stimulus hopes from slowing China growth and expectations of strong 7.9% Indian economic growth in the next fiscal year. Trading saw broad gains in blue-chips and a recovery in the rupee.

    Original Description:

    datacf

    Original Title

    datacf

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Asian share markets slipped as declining oil prices erased gains in Wall Street and hurt risk appetite. Crude futures fell further in Asian trading on oversupply concerns from the IEA, with US oil dropping to a new low since 2003 below $28 per barrel. In India, the Nifty snapped a three-day losing streak, ending over 1% higher supported by stimulus hopes from slowing China growth and expectations of strong 7.9% Indian economic growth in the next fiscal year. Trading saw broad gains in blue-chips and a recovery in the rupee.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    34 views2 pages

    Datacf

    Uploaded by

    hemanggor
    Asian share markets slipped as declining oil prices erased gains in Wall Street and hurt risk appetite. Crude futures fell further in Asian trading on oversupply concerns from the IEA, with US oil dropping to a new low since 2003 below $28 per barrel. In India, the Nifty snapped a three-day losing streak, ending over 1% higher supported by stimulus hopes from slowing China growth and expectations of strong 7.9% Indian economic growth in the next fiscal year. Trading saw broad gains in blue-chips and a recovery in the rupee.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    INTERNATIONAL:

    Asian share markets slipped early Wednesday as a relentless slide in oil prices
    wiped out an attempted rally on Wall Street and dealt a fresh blow to risk appetite.
    U.S. stocks closed mixed Tuesday, stabilizing after a sharply lower start to the year
    despite pressure from a fresh decline in oil prices. European stocks came off session
    highs but posted strong gains by Tuesday's close after a positive trading day in Asia,
    a mixed bag of earnings and a rebound in mining stocks. Crude futures slumped
    again in early Asian trade on Wednesday, with U.S. oil falling to its lowest since
    September 2003 below $28 a barrel on worries over a global supply. That came as
    the International Energy Agency, which advises industrialized countries on energy
    policy, warned on Tuesday that oil markets could "drown in oversupply". U.S. crude
    futures were trading down 46 cents at $28.00 a barrel after dropping to $27.92 in
    yesterdays session - a new low since September 2003. While Brent futures dropped
    19 cents to $28.57 a barrel after settling up 21 cents, or 0.7 per cent, in the
    previous session hovering close to a 12-year low.

    National:
    Nifty -- snapped three-day losing streak and ended with the gains of over a percent
    on Tuesday tracking a firm trend across the global equities after data depicting
    Chinas slowest growth since 2009 raised hopes of further government stimulus. A
    broad-based rally was witnessed across the bourses as participants bought battered
    blue -chips at attractive valuations. Sentiments remained upbeat from the
    beginning of trade with the report of India Ratings & Research that the Indian
    economy is expected to grow by 7.9 percent in the next fiscal and may progress at
    a similar pace over a couple of years extending beyond 2019. It also added that the
    various macro parameters show that India has and is likely to perform better than
    its peers in the near term. Meanwhile, investors got additional boost with the rupee
    recovery, which snapping its three-day losing streak, edged higher against the
    dollar at the Interbank Foreign Exchange, on fresh selling of the American currency
    by exporters and banks.
    Nifty was up by 84.40 points or 1.14% to settle at 7,435.10. Nifty January 2016
    futures closed 7438.10 on Tuesday at a premium of 3.00 points over spot closing of
    7,435.10, while Nifty February 2016 futures ended at 7457.20 at a premium of
    22.10 points over spot closing. Nifty January futures saw contraction of 0.43 million
    (mn) units, taking the total outstanding open interest (OI) to 20.81 million (mn)
    units.
    The top gainers from the F&O segment were Aditya Birla Nuvo, Engineers India and
    Reliance Capital. On the other hand, the top losers were Bharti Infratel, MindTree
    and NMDC. In the index options segment, maximum OI was being seen in the 74008200 calls and 7000-7700 puts. In yesterday's session, while the traders preferred

    to exit 7200 put, heavy buildup was seen in the 6900 put. On the other hand,
    traders exited from 7700 Call, while 7500 call witnessed considerable OI addition.
    Among Nifty calls, 7500 SP from the January month expiry was the most active call
    with an addition of 0.52 million open interests. Among Nifty puts, 7400 SP from the
    January month expiry was the most active put with an addition of 0.03 million open
    interests. The maximum OI outstanding for Calls was at 7700 SP (5.86 mn) and that
    for Puts was at 7300 SP (6.42 mn). Nifty Put Call Ratio (PCR) finally stood at 0.84 for
    January month contract.

    You might also like