Indian Market fell amidst a sell-off in global markets, Nifty plunged over 2%. The index ended 225 points, or 2.16%, lower at 10460.
Asian markets fell sharply yesterday, with the stock indices in Shanghai and Hanseng both falling sharply.
European markets were also lower yesterday, following steep losses in the US overnight amid fears over rapidly rising interest rates and an expected slowdown in global growth.
Last day, S&P 500 was down by 2.06%, Dow 30 by 2.13% and DAX 1.48%.
In the foreign exchange market, the rupee edged higher against the dollar. Rupee was hovering at 74.11, compared with its close of 74.21 during the previous trading session. Rupee hit a record low of 74.50 in early trades yesterday.
In options data, major players of the market FII & PRO have sold 121983 contracts in index options in the current expiry which suggests weakness in the market and we advise our clients to sell on rise being 10541 as the resistance for the market.
The US 10 Year T-Note is trading at 118.11. The Bond has broken its important low of 120.03 on 28th Feb 2018. The next support level is at 117.69 which is the low of Jan 2011. The US Dollar Index is trading at 94.68 .
Sector Performance as on 11th October
Large Cap Gainers and Lossers as on 11th October
Mid cap Gainers and Losers as on 11th October
NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION
FII and PRO in the current expiry have sold 121983 contracts in Index options.
Cash Market Data
In last 10 days, FII and PRO in combined have sold stocks in cash segment worth Rs. 399.12.
There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.
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