A morning walk down Dalal Street | RBI could raise rates by 25 bps, Nifty may continue to remain weak.
Indian Indices: Most economists feel that the RBI could well raise rates by 25 bps on Friday. Volatility is not cooling down which is not giving the relief to bulls and suggests a tight bear grip in the market.
Global Market:
· Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.80% while the Hang Seng is down 0.49%. The Shanghai Composite is not trading.
· US Markets: Dow falls the most in 2 months on fears of rising rates as 10-year yield hits highest since 2011.
· European markets: European markets finished broadly lower today with shares in France leading the region. The CAC 40 is down 1.47% while London's FTSE 100 is off 1.22% and Germany's DAX is lower by 0.35%.
· Major Headlines of the day:
· Rising US bond yields hit global markets, Asian stocks fragile
· Sandeep Bakhshi dons a heavy hat after Chanda Kochhar's exit from ICICI Bank.
· Trend in FII flows:- The FIIs were Net Value of Rs -2760.63 cash segment while the DIIs were Net Value of 1823.59 per the provisional figures.
Securities in Ban For Trade Date 05-OCTOBER-2018
NIL
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