INDIAN FACE
INDIAN EQUITY BENCHMARK
The benchmark S&P BSE Sensex settled off day's low, but was still down 284.84 points, or 0.69 per cent, at 40,913.82 level. Reliance Industries was the top drag on the index, down 2.4 per cent, after global brokerage firm Macquarie downgraded the stock to 'underperform'. On the other hand, Bajaj Auto was up 1.4 per cent on the index after reporting an 8 per cent jump in net profit during Q3FY20.
GLOBAL FACE
Asian Market- Hong Kong's main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy. The Chinese yuan also tumbled below an important benchmark. China’s Coronavirus Crisis Drives Asian Markets Lower.
U.S. Market –– European stocks and US futures are also falling. The Dow (INDU), S&P 500 (SPX) and Nasdaq Composite (COMP) were all down roughly 0.6%.Dow futures drop over 200 points as coronavirus fears reboot, taking spotlight off earnings.
European markets-European markets tumbled on Thursday, weighed on by a rising coronavirus death toll and reacting to the U.S. Federal Reserve’s decision to keep interest rates on hold. European markets decline as coronavirus death toll rises.
The benchmark S&P BSE Sensex settled off day's low, but was still down 284.84 points, or 0.69 per cent, at 40,913.82 level. Reliance Industries was the top drag on the index, down 2.4 per cent, after global brokerage firm Macquarie downgraded the stock to 'underperform'. On the other hand, Bajaj Auto was up 1.4 per cent on the index after reporting an 8 per cent jump in net profit during Q3FY20.
GLOBAL FACE
Asian Market- Hong Kong's main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy. The Chinese yuan also tumbled below an important benchmark. China’s Coronavirus Crisis Drives Asian Markets Lower.
U.S. Market –– European stocks and US futures are also falling. The Dow (INDU), S&P 500 (SPX) and Nasdaq Composite (COMP) were all down roughly 0.6%.Dow futures drop over 200 points as coronavirus fears reboot, taking spotlight off earnings.
European markets-European markets tumbled on Thursday, weighed on by a rising coronavirus death toll and reacting to the U.S. Federal Reserve’s decision to keep interest rates on hold. European markets decline as coronavirus death toll rises.