Indian Markets May Remain Weak Amid Weak Global Cues
Indian markets may remain weak amid weak global cues, selling pressure re-emerged late in the US market following news that the Trump administration imposed Visa restrictions on Chinese officials over abuses of Muslim minorities in the Xinjiang region. The new Visa restrictions came just two days before the U.S. and China are scheduled to resume high-level trade talks in Washington. S&P 500 tumbled 45.73 points or 1.6 percent to 2893.
Indian shares ended lower for the sixth day running on Monday as investors awaited macroeconomic data. The Nifty Index moved in the range before ending the session down 48 points, or 0.43 percent, at 11126.
On 7-Oct’19, market ended almost flat. No major sector performed well. Films were the only minor sector which has performed and up by 3.12%.
Top 5 companies which performed were Venkys India (6.86%), Shriram Transport Finance Company (4.15%), Britannia Industries (3.80%), Whirlpool of India (3.53%) and Central Depository Services (India) (3.25%).
The US 10 Year T-Note is trading at 131.71. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 98.792.
Sector performance as on 7th Oct, 2019
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Small Cap Gainers as on 7th Oct
Large Cap Gainers & Losers as on 7th Oct, 2019
Mid Cap Gainers & Losers as on 7th Oct, 2019
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