Market on ‘crash’ course_ 7 reasons why sensex tanked over 500 points – the economic times

NEW DELHI: Domestic equities took a beating on Monday morning, with the BSE benchmark sliding nearly 550 points, while NSE barometer Nifty50 plunged 1.6 per cent to test the 8,700 level.

The downturn was in line with the global turmoil after a prominent US policy maker on Friday hinted at a rate hike by the US Fed in the near future. 4 main gases in the atmosphere But a possible Fed rate hike is not the only reason that sent the domestic market tumbling.

US Fed hints at rate hike: The S&P500 index in the US slumped 2.45 per cent while Dow Jones tanked 2.13 per cent on Friday after Boston Fed President Eric Rosengren, known to be a dovish policymaker, said the US central bank faced increasing risk if it waited too long to raise interest rates. Gas x strips side effects The Fed is scheduled to review money policy on September 21-22.

“Longer-term structural issues remain, and there has been little change in the underlying inflation. Gas news australia But better growth and job gains have boosted Fed hope of a rate hike this year,” Morgan Stanley Investment Management said in a note.

GAAR worry returns to haunt FIIs: Foreign direct investors who use Mauritius to bet on domestic equities have started feeling the heat of the end of a zero-tax regime. Gas and water mix The tax office has started questioning the claims of their nominees — special purpose vehicles and entities floated in the tax haven — for tax benefit, ET reported.

In the course of recent arguments before the authority of advance ruling (AAR), the counsels of the tax department have challenged the Mauritius structures of at last four foreign private equity and strategic, the report said.

German data, North Korea nuke test hurt sentiment: Concerns over the health of the global economy heightened after Germany, Europe’s largest economy, recorded the steepest drop in exports in July in nearly a year.

Data by Federal Statistics Office Data showed German exports dropped 2.6 per cent during the month, recording their biggest monthly drop since August 2015. Electricity storage association Most European markets had settled up to 1.5 per cent down on Friday.

The North Korean nuke tests and fears that UN sanctions may fail to restrict the country from any further tests had already dampened sentiments in Asia. Gas smoker ribs Friday was a day of global rout. Electricity in salt water experiment And on Monday, the proceedings began from where they had left on Friday.

Caution ahead of IIP data: Domestic factory output data for July and manufacturing output data scheduled for release later in the day were expected to raise a bit of concern that there has been no material improvement in economic activity.

“A sustainable positive growth in IIP data could only reflect that the industrial output is on its way to recovery. Gas prices going up Protracted weakness in exports, subdued demand and low credit flow along with a slow pickup in investment activity are likely to keep the volume of output as indicated by the index of industrial production (IIP) muted. Electricity 101 pdf D&B expects IIP to have grown 2-2.5 per cent in July,” Dun & Bradstreet India said in a note.

Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments, said: “We are expecting soft IIP numbers amid sluggishness in core sector data, which accounts for 38 per cent of the country’s total industrial production. Gas news in hindi The data point was released earlier this month. La t gastrobar opiniones In core sector data, demand for crude oil, natural gas and refinery segments remained high, while demand for coal, fertilisers, cement, electricity and steel slowed down.”

FPI flows, technical charts may ditch rally: Technical charts were already turning negative for the market, as investors feared that a possible rate hike by the US Fed could reverse dollar flow into the country.

“My reading is that the global liquidity situation is fluid as every economy is following a loose monetary policy. 6 gas laws But if the US Fed decides to increase rates at the next sitting, it could probably be the beginning of at least a slowdown in global liquidity, which could probably result in a correction in inflows. Electricity outage Should that slowdown continue, the market will go back into a trading range or a comatose kind of situation that we had seen earlier,” R Sreesankar of Prabhudas Lilladher told ETNow recently.

Technical setup negative: “Lack of followup buying since last three sessions after the recent breakout should be a worrisome factor for the bulls. Electricity pick up lines However, strong support can be expected in the gap zone between the 8,848 and 8,824 levels. Electricity estimated bills If the Nifty50 fails to recoil from the said support zone and slips below the 8,800 level, one should conclude the recent breakout as a failed one,” said Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory at Chartviewindia.in.

Valuations turning rich: A report by Prabhudas Lilladher suggested that the Nifty50 with an earnings of Rs 446.20 is trading at a PER of 17.9 times one-year forward earnings.

“The earnings momentum is lacking. Gas and bloating after miscarriage If we look at the first quarter results so far, our track of roughly 2,500-odd companies tells us that net profits have actually underperformed on a year-on-year basis. Gas unlimited sugar land tx They have fallen by close to 4.5 odd per cent. Electricity and magnetism quiz questions So, the market’s upward move is something that was surprising us,” Mahantesh Sabarad, Deputy HoR, SBI Cap Securities recently told ETNow.

Profit booking in banking shares: Selling in shares of banking and financial stocks took a toll on the benchmark indices. K electric jobs Shares of SBI fell about 2.5 per cent on profit taking. E payment electricity bill mp This stock has risen 23 per cent in the past one quarter. Gas arkansas PNB, which has risen 71 per cent in the past quarter, fell 2.5 per cent, Indian Bank shed 4 per cent after rising over 100 per cent in the past one quarter. 1940 gas station photos (This stock though is not a part of Nifty50).