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Indian Markets Fell Sharply Taking Weak Cues From Asian And European Markets
Stock Market Today by Ripples Advisory – 3rd January 2019
Indian markets fell sharply taking weak cues from Asian and European markets as manufacturing data from China and Weak December sales data from automakers and disappointed investors.
China's manufacturing sector contracted for the first time in 19 months in December, due to ongoing trade frictions between the world's two largest economies. The Caixin/Markit manufacturing PMI dropped to 49.7 from 50.2 in November, marking the first contraction since May 2017.
The Nifty Index fell 118 points or 1.08% to close at 10792. The Index made a high of 10895 and a low of 10735. The smallcap Index also fell 66 points or 1.02% to close at 6411 after making a high of 6496.
In option segment, FII+PRO in combined have sold 98116 contracts in Index Options in the current expiry, which indicate further weakness in the market.
The US 10 Year T-Note is trading at 122.48. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.145.
Cash Market Data-
In the last 10 days, DII has sold shares in the cash segment worth Rs. 58.76 Crore.
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The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
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