Saturday, June 25, 2016

Global markets lose $2.1 trillion in Brexit rout

Gold
Britain’s shock vote to pull out of the European Union wiped $2.1 trillion from global equity markets Friday as traders panicked in the face of a new threat to the global economy.

Still, the pound crashed 10 per cent to a 31-year low at one point, before rebounding slightly for a 9.1 per cent loss against the greenback in late trade.

The euro also plummeted, dropping 2.6 per cent on the dollar.

Benefitting from a massive safety selloff, gold jumped nearly five per cent and the yen surged 4.2 per cent against the dollar and 7.0 per cent on the euro. The dollar at one point fell below 100 yen for the first time since November 2013.

US 10-year treasury bond yields hit their lowest since 2012 at 1.42 per cent before edging higher, while the German 10-year bund fell into negative territory for the second time in history.
In all $2.1 trillion in value was wiped off of equities worldwide, according to S&P Dow Jones Indices.

London’s benchmark FTSE 100 index plummeted 7.5 per cent at the open, but recovered partially after British Prime Minister David Cameron said he would step down and central banks pledged support.

Among top European banks, Lloyds lost 21 per cent and Societe Generale plunged 20 per cent, while losses at others ran 14-18 per cent.

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Indian ADRs: ICICI Bank gains 4%, Dr Reddy’s Lab up 3%

Epic Research Update :  Indian ADRsEpic Research Update : Indian ADRs

Indian ADRs ended higher on Thursday.
In the IT space,
Infosys rose 2.15 percent at USD 18.98 and Wipro added 0.57 percent at USD 12.32.
In the banking space, 

ICICI Bank jumped 3.94 percent to USD 7.38 and HDFC Bank gained 0.88 percent at USD 66.72.
In the other sectors,
Tata Motors added 2.62 percent at USD 36.79 and Dr Reddy’s Laboratories advanced 3.18 percent at USD 47.98.
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Worst day in 10 months as Wall Street reacts to ‘Brexit’


Worst day in 10 months as Wall Street reacts to Brexit The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain’s decision to leave the European Union caught traders wrong-footed.

The Dow Jones industrial average fell 611.21 points, or 3.39 percent, to 17,399.86, the S&P 500 lost 76.02 points, or 3.6 percent, to 2,037.3, and the Nasdaq Composite dropped 202.06 points, or 4.12 percent, to 4,707.98.

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Friday, June 24, 2016

NIFTY TOP LOSERS

NIFTY TOP LOSERS
TATAMOTORS -8.25%

TATAMTRDVR -7.50%

TATASTEEL -6.59%

HINDALCO -5.73%

LT -4.82%


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NIFTY TOP GAINERS

NIFTY TOP GAINERS
GAIL +0.65%

M&M +0.60%

ASIANPAINT +0.60%

BAJAJAUTO +0.39%

CIPLA +0.16%

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Epic Research Closing Bell

Epic Research Closing Bell
NIFTY CLOSE @ 8,088.60 (-181.85)


SENSEX CLOSE @ 26,397.71 (-604.51)


BANK NIFTY CLOSE @ 17,426.05 (-466.40)

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Brexit: Sensex tanks 604 pts, Nifty tad below 8100; Tata Motors down 8%

The Sensex recouped 500 points loss in last couple of hours of trade, especially after recovery in Europe but still ended sharply lower after the UK voted to leave European Union.
The index fell 604.51 points or 2.24 percent to 26397.71 and the Nifty slipped 181.85 points or 2.20 percent to 8088.60. 

About 1823 shares declined against 709 advancing shares on BSE. 

Tata Motors cracked 8 percent and Tata Steel fell 6 percent as both companies have huge exposure to Europe. 

European markets were down 5-8 percent.


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Sensex off day’s low, down 600pts on Brexit; Nifty reclaims 8100

Stock-Market-Chart1The Sensex recovered nearly half of its losses in last hour of trade, down 578.72 points or 2.14 percent to at 26423.50. The Nifty declined 174.85 points or 2.11 percent to 8095.60.


About three shares declined for every share advancing on Bombay Stock Exchange.


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Sensex off day’s low, down 700 pts on Brexit; Nifty above 8050

stock-market-chartThe market continued to bleed though it recouped nearly 400 points losses on the Sensex in afternoon trade following recovery in Europe. The United Kingdom’s decision to leave European Union hurt market sentiment globally today.

The 30-share BSE Sensex fell 687.60 points or 2.55 percent to 26314.62 and the 50-share NSE Nifty slipped 213.45 points or 2.58 percent to 8057.

The market breadth was recovered a bit as about five shares declined for every share falling against earlier ratio of 10:1.

France’s CAC, Germany’s DAX and Britain’s FTSE reduced its losses to 4-7 percent from 7-10 percent earlier, led by short covering as investors digested Brexit event.

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Carnage contiues on D-St on Brexit woes; wild moves in currency

Epic Research Update : Indian RupeeEpic Research Update : Indian Rupee

The market carnage continues on Dalal Street. The Sensex is down 885.11 points or 3.3 percent at 26117.11, and the Nifty is down 278.85 points or 3.4 percent at 7991.60.

About 281 shares have advanced, 2030 shares declined, and 112 shares are unchanged.

Tata Motors, Tata Steel, ICICI Bank, Axis Bank and L&T are losers in the Sensex. Currency market is seeing wild moves with the pound falling around 10 percent today.

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