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#Share #Market #Tips - #Asian #stocks fragile as #trade tensions escalate

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Japan's Nikkei average rose 0.9 percent and the Australian benchmark shed 0.2 percent in early morning trade. Asian shares came under pressure on Tuesday after Wall Street peers finished weaker, hurt by fresh worries about the US-China trade war and were on track for their biggest October decline since the 2008 financial crisis. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1 percent, tracking falls in US stocks. The index has fallen more than 12 percent this month. Japan's Nikkei average rose 0.9 percent and the Australian benchmark shed 0.2 percent in early morning trade. Major U.S. indices fell steeply in volatile trade after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping falter. The CBOE Global Markets volatility index, known as Wall Street's "fear gauge", jumped to as hi...

#MCX #Tips - #Oil prices fall on rising supply, #global #market woes

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US West Texas Intermediate (WTI) crude futures were at $66.78 a barrel, down 26 cents, or 0.4 percent, from their last settlement. Oil prices fell on Tuesday, dragged down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports. Front-month Brent crude oil futures were at $76.78 a barrel at 0040 GMT, down 56 cents, or 0.8 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $66.78 a barrel, down 26 cents, or 0.4 percent, from their last settlement. Oil has been caught up by broad financial market slumps this month, with stocks falling again on Monday after reports the US is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between the world's two largest economies. Oil was also being weighed down by signs of rising supply from top producers. ...

#Diwali sale on D-Street: Nearly 30 #Nifty #stocks fall 20-60% from 52-week highs

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As many as 15 out of 30 stocks in the S&P BSE Sensex are down 20-60 percent from their respective record highs. In the past two months, the Indian market wiped out gains it made in the year 2018. Benchmark indices, Sensex and Nifty50, are down about nearly 17 percent from their respective highs which suggest that even quality stocks are now available at attractive valuations. Just ahead of Diwali, more than 50 percent of the stocks in the S&P BSE Sensex and Nifty50 are down over 20 percent which suggests that bears have taken control, or bear phase has begun in these stocks. "This is a Diwali sale, investors should buy good stocks. I would buy IndusInd Bank at current levels. The management of IndusInd Bank is high in quality,” Dipen Sheth of HDFC Securities said in an interview with CNBC-TV18. “We are optimistic on NBFCs like Mahindra Finance and Chola Finance. RBL Bank is a long-term investment and it is possible to see 30-35% growth rates over the medi...

#Market Headstart: #Nifty likely to open flat; 3 #stocks which could give 6-14% return

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Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 33.5 points or 0.33 percent. Nifty futures were trading around 11,242-level on the Singaporean Exchange. The Nifty50 is expected to open on a flat-to-negative note on Tuesday following muted trend seen in other Asian markets. The index closed 220 points higher at 10,250 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 33.5 points or 0.33 percent. Nifty futures were trading around 11,242-level on the Singaporean Exchange. US stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about US-China trade policy tensions and a sharp drop in the big technology and internet shares, said a Reuters report. Asian shares came under pressure on Tuesday after Wall Street peers finished weaker, hurt by fresh worries about the US-China trad...

Indians spent over Rs 50k crore on Chinese phones in FY18

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Consumers in India spent more than Rs 50,000 crore in FY18 on purchasing smartphones made by just the top four Chinese brands, nearly twice what they spent on them in the previous fiscal. That trend is set to continue with Chinese brands dominating the Indian smartphone market, analysts and industry executives said.  The four — Xiaomi, Oppo, VivoNSE 0.00 % and Honor — along with a few other Chinese brands like Lenovo-Motorola, One-Plus, and Infinix, make up more than half of total Ind.  The Chinese brands are launching high-specification models at lower prices than South Korean, Japanese and Indian companies and have successfully established themselves as global brands, in line with the Indian consumer’s preference for products made by multinationals, two analysts said.  Counterpoint Research associate director Tarun Pathak said the top Chinese brands have easy access to the Shenzhen hardware and R&D hub and the supply chain ecosystem. “This has helped t...

#MCX #Tips - #Oil stable on small #market bounce, but investors eye #trade outlook

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Oil NSE -1.25 % prices held steady on Monday, supported by an early bounce in Asian stocks, but analysts said sentiment remains cautious after a plunge across financial markets last week triggered worries that global growth may be slowing.  Front-month Brent crude oil futures were at $77.77 a barrel at 0033 GMT, up 15 cents, or 0.2 percent, from their last close.  US West Texas Intermediate (WTI) crude futures were at $67.89 a barrel, up 30 cents, or 0.4 percent, from their l ..  Despite the gains and calmer financial markets early on Monday, sentiment among investors remained cautious after hefty losses last week.  Oil faced "downward pressure from lower growth forecasts around the globe," said Alfonso Esparza, the senior market analyst at futures brokerage Oanda.  There were also signs of a slowdown in global trade, with rates for dry-bulk and container ships - which carry most raw materials and manufactured goods - coming under press...

Pre-Dhanteras high prices, cash crunch take sheen off gold this season

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Gold is likely to lose its sheen this 'Dhanteras' due to liquidity crunch amidst rising prices and other investment options, say market experts and the industry.  If the sluggish sentiment prevails this will be the second consecutive year of poor sales.  In 2017, the Dhanteras season saw sales plunging more than 30 percent over the 2016 levels when sales were reasonably good as the note ban was announced post-Diwali.  But last year was one of the worst for the industry in recent years as it was after the note ban and GST implementation coupled with tighter KYC norms for high-value purchases.  "I am not expecting good business this 'Dhanteras' as the consumer sentiment is not so good due to lack of liquidity in the market.  "I am expecting sales to decline by 5-10 percent from last year or at best to be at par," All India Gem & Jewellery Domestic Council (GJC) chairman Nitin Khandelwal told PTI.  Bullion prices have been headi...