INDIAN FACE
INDIAN EQUITY BENCHMARK
The S&P BSE Sensex gained 137 points or 0.34 per cent to end at 39,872 with Asian Paints (up over 6 per cent) being the top gainer and ITC (down 5 per cent) the biggest loser. HUL, Asian Paints, ICICI Bank, and IndusInd Bank contributed the most to the index's gains while ITC, TCS, and Infosys were the major drags.
GLOBAL FACE
Asian Market- Chinese stocks plunge 7% amid virus fears on first trading day after Lunar New Year holiday. The Shanghai composite fell 7.72% to close at about 2,746.61 while the Shenzhen component dropped 8.45% to end its trading day about 9,779.67. The Shenzhen composite also declined 8.414% to close at around 1,609.00. The indexes all fell around 9% in early trade during the session. In Japan, the Nikkei 225 fell 1.01% to close at 22,971.94 while the Topix index also declined 0.7% to end its trading day at 1,672.66. South Korea’s Kospi closed largely unchanged at 2,118.88.
U.S. Market- U.S. equity futures rose and European stocks fluctuated following steep losses at the end of last week and as investors digested the latest developments in the coronavirus outbreak. Shares plunged in China as markets there reopened after a long holiday.
European markets- European shares inch higher on Brexit relief; Coronavirus fears cap gains. European shares opened a tad higher on Monday as investors were relieved that the UK finally exited the EU, although concerns over the growing Chinese coronavirus dampened enthusiasm.
The S&P BSE Sensex gained 137 points or 0.34 per cent to end at 39,872 with Asian Paints (up over 6 per cent) being the top gainer and ITC (down 5 per cent) the biggest loser. HUL, Asian Paints, ICICI Bank, and IndusInd Bank contributed the most to the index's gains while ITC, TCS, and Infosys were the major drags.
GLOBAL FACE
Asian Market- Chinese stocks plunge 7% amid virus fears on first trading day after Lunar New Year holiday. The Shanghai composite fell 7.72% to close at about 2,746.61 while the Shenzhen component dropped 8.45% to end its trading day about 9,779.67. The Shenzhen composite also declined 8.414% to close at around 1,609.00. The indexes all fell around 9% in early trade during the session. In Japan, the Nikkei 225 fell 1.01% to close at 22,971.94 while the Topix index also declined 0.7% to end its trading day at 1,672.66. South Korea’s Kospi closed largely unchanged at 2,118.88.
U.S. Market- U.S. equity futures rose and European stocks fluctuated following steep losses at the end of last week and as investors digested the latest developments in the coronavirus outbreak. Shares plunged in China as markets there reopened after a long holiday.
European markets- European shares inch higher on Brexit relief; Coronavirus fears cap gains. European shares opened a tad higher on Monday as investors were relieved that the UK finally exited the EU, although concerns over the growing Chinese coronavirus dampened enthusiasm.