Global Markets Witness Sell-Off Amid Worries About A Prolonged Trade War Between The U.S. And China, & Crash In Argentina's Peso Currency

Stock Market Today by Shailesh Saraf – 13th August 2019

The sell-off on global markets came amid worries about a prolonged trade war between the U.S. and China after President Donald Trump recently indicated he feels no sense of urgency to resolve the dispute.

Trump told reporters that he is "not ready to make a deal" with China and suggested the U.S. could skip the next round of trade talks in September.

Asian markets are trading lower this morning as protests in Hong Kong and a crash in Argentina's peso currency brings down investors sentiment.

The dollar surged against higher-yielding currencies on Monday as a plummeting Argentinian peso sent shockwaves through emerging markets.

The shock also weakened of other emerging currencies perceived as vulnerable, especially at a time of slowing global growth.

The Indian benchmark Index Nifty showed strong rally on last two trading days from its low of 10783 to close at 11109 and rose 1.02% in the last week, however 11182 may act as hurdle for Nifty.

Sector Analysis:

On Friday, market ended in a positive zone. Top 5 major sectors which outperformed were Metals and Mining (2.20%), Realty (1.90%), Industrial Manufacturing (1.17%), Banks Psu l (1.13%) and Banks Private (1.08%). Top 5 minor sectors which has outperformed were Home Appliances (1.77%), Carbon (1.35%), Interior Construction (1.29%), Airlines (1.28%) and Packaging (1.25%).

US Data

The US 10 Year T-Note is trading at 130.27. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 97.403.

Open Interest Analysis:

FII & PRO are the major players in the Derivatives segment and have an upper hand in the market and their position provides direction to the market. In the Aug month expiry, they have started with the position of (-95363) contracts in Index option (both FII & PRO combined) when Nifty spot was trading at 11252.As on last trading day, they have a net position of (-87909):

Index Options

Index Options

Cash Market Data

In last 10 days, FII and DII in combined have bought stocks in cash segment worth Rs. 4455.20 Crores.

Cash Market Data

Sector performance as on last week

Sector performance as on last week

Small Cap Gainers as on last week, 2019- Major Sector & Minor Sector

Small Cap Gainers as on last week- Major Sector & Minor Sector

Large Cap Gainers & Losers as on last week

Large Cap Gainers & Losers as on last week

Mid Cap Gainers & Losers as on last week

Mid Cap Gainers & Losers as on last week

Results Today

Results Today

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