sensex today live: Share Market Crash Today LIVE Updates: Sensex tanks 600 pts, Nifty tests 17,400; Adani Ent falls 5%, HDFC Bank 2%
11:24 AM
Boeing says to set up freight conversion facility in India
Boeing Co will set up in India a facility to convert passenger aircraft into freight planes to capitalise on growing global demand for cargo, executives from the U.S. aviation firm said on Friday.
The facility will add to Boeing’s $1 billion supply chain sourcing from India and will help support India’s ambitions to become a global cargo hub, Chief Strategy Officer Marc Allen told reporters in New Delhi. He did not give any details about when the facility will be set up or the size of the investment.
11:14 AM
Slower, but still solid US job growth expected in February
The Labor Department’s closely watched employment report on Friday is also expected to show wage gains maintaining their upward trend, underscoring a persistently tight jobs market. The anticipated slowdown in job gains follows January’s torrid pace, which led financial markets to expect that the Fed would sustain its monetary policy tightening campaign into summer.
10:47 AM
Nikkei down sharply as bank shares drag after BOJ policy decision
Japanese stocks – particularly banking and tech stocks – were already under pressure following a slump on Wall Street overnight.
The Nikkei dropped 1.6% to 28,180.73 as of 0411 GMT, after touching a more than six month high of 28,734.79 in the previous session.
10:34 AM
Wall Street examines risks around short-dated options as warnings rise-sources
So-called zero day to expiry options (0DTE), which refers to contracts that expire in less than 24 hours, offer retail and institutional traders a relatively cheap, though high-risk, way to bet on intra-day swings in stock prices. They could be tied to the price of indices, exchange traded funds or single stocks.
Some have warned that this type of option, which offers an opportunity for traders to amplify market bets, could cause an extreme selloff.
10:18 AM
Market Live Updates: Asian stocks follow Wall St lower ahead of US jobs update
Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices edged lower.
Wall Street’s benchmark S&P 500 index fell Thursday by its biggest one-day margin this year after Federal Reserve Chair Jerome Powell warned rates might be raised faster than expected to cool stubbornly high inflation.
09:59 AM
Market Live Updates: Gold drifts lower in run-up to US payrolls data
Spot gold was down 0.1% at $1,828.90 per ounce, as of 0334 GMT. U.S. gold futures also fell 0.1% to $1,832.90.
Bullion is likely to decline this week and is down about 1.4% for the period.
The sell-off in US markets yesterday was triggered by a crash of 60% in SVB Financials- a bank that mainly funds start ups. This impacted sentiments and banking stocks took a beating on concerns that rising interest rates might trigger loan repayment defaults. This is a US-specific issue and will not have an impact on Indian banking stocks. But the sentiment impact can be negative. Today’s US jobs report will be crucial in influencing the Fed’s policy response and the market direction. If the jobs data show declining jobs growth, the Fed will not be as aggressive as the market fears and equity markets will remain resilient. So investors may wait for this near-term uncertainty to pass. However, sharp corrections, particularly in banks, may be used to buy the leading names in private sector banks.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
08:11 AM
Market Live Updates: Troubled US startup-lender spooks share markets, bonds rally
Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup lender unleashed fears of broader banking-system stress.
07:58 AM
Market Live Updates: Oil little changed, worries over rate hikes persist
Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days.
07:29 AM
Sensex Today Live: SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 140 points, or 0.79 per cent, lower at 17,478, signaling that Dalal Street was headed for negative start on Friday.
07:29 AM
Tech View: Nifty charts hint at bearish reversal
Indicating the formation of a bearish engulfing type pattern, Nifty today formed a long bear candle on the daily charts. The formation of such a pattern after a reasonable upside could be considered a bearish reversal pattern, analysts said.
07:29 AM
Sensex Today Live: Tokyo stocks open lower
Tokyo stocks opened lower on Friday following sharp Wall Street falls, while investors awaited the final Bank of Japan policy decision under outgoing Governor Haruhiko Kuroda.The benchmark Nikkei 225 index was down 0.86 percent, or 246.77 points, to 28,376.38 in early trade, while the broader Topix index lost 1.03 percent, or 21.39 points, to 2,049.70.
07:29 AM
Market Live Updates: Wall Street falls on bank stocks tumble, jobs report jitters
Wall Street’s three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday’s jobs report could spur more aggressive interest rate hikes from the Federal Reserve.
07:28 AM
Market Live Updates: Rupee falls 11 paise to close at 82.06 against US dollar
The rupee pared its initial gains to settle down by 11 paise at 82.06 against the US dollar on Thursday as the support from the weak dollar was negated by a sell-off in domestic equity markets.
07:28 AM
Sensex Today Live: Sensex, Nifty on Thursday
The 30-share BSE benchmark Sensex declined 542 points or 0.90% to settle at 59,806. The broader NSE Nifty dropped 165 points or 0.93% to end at 17,590.
