A morning walk down Dalal Street | Selling pressure likely to aggravate once Nifty breaks key support of 10,000.
Indian Indices: Selling pressure is likely to aggravate once the index breaks the key support zone of 10000-9952. A breach of the support zone shall allow the index to tumble further till 9700 in the short term.
Global Market:
· Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.22% while the Hang Seng is down 1.12%. The Shanghai Composite is not trading.
· US Markets: Dow surges 400 points as tech jump leads recovery from Wednesday's sell-off.
· European markets: European markets finished broadly higher today with shares in France leading the region. The CAC 40 is up 1.60% while Germany's DAX is up 1.03% and London's FTSE 100 is up 0.59%.
· Major Headlines of the day:
· Asian shares struggle to shake off rout despite Wall St. bounce.
· Yes Bank says it 'is comfortable' despite Rs 2,620 cr loan exposure to IL&FS subsidiaries.
· HCL Tech working on an autonomous car platform, IoT to drive engineering and R&D.
· Bank of Baroda, Dena Bank and Vijaya Bank to appoint valuers for merger.
· Results to be announced today :- Atul,Coromandel Int,Dr Reddys Labs,Edelweiss,ICICI Bank,ITC,Kolte-Patil,Kirloskar Oil,Mahindra Life,Nestle,Shoppers Stop,UPL.
· Trend in FII flows:- The FIIs were Net Value of Rs -1495.71 segments while the DIIs were Net Value of 339.6 per the provisional figures.
Securities in Ban For Trade Date 26-OCTOBER-2018
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