Stock Cash Tips or Sector Performance-
Markets Are Trading In A Range, Stock Specific Buying Can Be Seen If Companies Post Strong December Quarter Numbers
Stock Market Today by Ripples Advisory – 14th January 2019
Most of the markets around the world are trading in a range with no clear direction. The Indian Markets have reacted to this range movement of world indices and is trading in a range of 300 points from last 10-12 trading sessions. However, as the companies are declaring the December quarter results, thus stock-specific buying can be seen in the market.
China Export decline by (-)4.4%, where the expectation was (+)3%. The import data was (-) 7.60%, where the expectation was (+)5%. The Chinese market has reacted to this data and Hongkong has fallen from 26613 to 26168, a fall of almost 450 points and is currently trading at 26294. The Japanese market is closed today on coming of Age (adults) day. However, Nikkei futures opened and are trading 200 points down. The Index made a high of 20247 and made a low of 20007 and is currently trading at 20047.
The US 10 Year T-Note is trading at 122.21. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 95.188.
Sector Performance-
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