Asian markets were trading mixed. China’s Shanghai Composite was flat at 2,050.71.
Hong Kong’s Hang Seng was down 0.11% or 20.83 points at 19,532.08.
Japan’s Nikkei was down 0.84% or 75.76 points at 8,908.02.
Singapore’s Straits Times was up 0.11% or 3.20 points at 3,015.02.
South Korea’s Seoul Composite was flat at 1,905.49.
Taiwan’s Taiwan Weighted gained 0.31% or 22.75 points at 7,394.19.
The US accelerate their losses in the final minutes of trading to close near session lows, with the S&P 500 closing just below the key 1,400 level, a day ahead of the Fed’s Jackson Hole meeting and following reports that Spain may delay its decision on seeking a bailout. The CBOE volatility index jumped to close near 18.
Dow Jones Industrial Average fell 0.81% or 106.77 points at 13000.71. Nasdaq Composite slipped 1.05% or 32.48 points at 3048.71. Standard & Poor’s 500 shed 0.78% or 11.01 points at 1399.48.
On economic data front, jobless claims were unchanged last week holding at a seasonally adjusted 374,000. Consumer spending gained 0.4% in July, climbing by the most in five months. Meanwhile, income increased 0.3%.
In key data to watch out for in US today, factory orders are expected may grow by 2%. Also global market watch out for consumer sentiment data.
In the currency space, the euro stabilises after slipping to 1.24 ahead of the Jackson Hole meet.
In commodities, Brent crude prices holding above USD 112 levels supported by supply concerns and geopolitical. Meanwhile, Nymex crude eases further to sub USD 95 levels.
Indian ADRs ended lower on Thursday. In the IT space, Patni was down 2.95% at USD 18.11, Infosys was down 0.8% at USD 42.41 and Wipro was down 0.62% at USD 7.98.
In the Telecom space, MTNL was down 9.27% at USD 1.37 and Tata Communication was up 0.61% at USD 8.2. In the Banking space, ICICI Bank was down 1.45% at USD 32.66 and HDFC Bank was down 0.09% at USD 34.08.
In the other space, Dr Reddys was down 1.35% at USD 29.89, Tata Motors was down 0.52% at USD 20.99 and Sterlite was down 0.14% at USD 7.25.
The US markets eased off their session lows but still ended in the red, with the S&P 500 snapping a six-day winning streak, amid fears of a global economic slowdown. The CBOE volatility index fell below 14 to its lowest level in almost five years.
Dow Jones Industrial Average was down 0.29% or 38.52 points at 13169.43. Nasdaq Composite was up 0.05% or 1.66 points at 3022.52. Standard & Poor’s 500 was down 0.13% or 1.76 points at 1404.11.
In key data to watch out for in the US today, the producer price index for the month of July is expected to edge up 0.2%. And retail sales may see a 0.3% growth in July.
In the currency space, the euro holds on to its yesterday gains ahead of the GDP data due from Germany and France.
In commodities, Brent crude prices retreat to USD 113 levels after touching an intraday high of USD 115 levels yesterday.
Indian ADRs ended lower on Monday. In the IT space, Infosys was down 0.93% at USD 41.4, Wipro was down 0.61% at USD 8.1 and Patni was down 0.58% at USD 18.6505.
In the Banking space, ICICI Bank was down 1.52% at USD 34.39 and HDFC Bank was down 0.93% at USD 35.25. In the Telecom space, Tata Communication was down 1.97% at USD 8.42 and MTNL was up 1.33% at USD 1.216.
In the other space, Dr Reddys was down 1.57% at USD 29.41, Tata Motors was down 1.09% at USD 20.81 and Sterlite was up 0.5% at USD 8.09.
F&O cues:
Nifty options suggest market range of 5200-5400
Total Puts add 15.4 lakh shares in Open Interest
Total Calls shed 3.6 lakh shares in Open Interest
Highest OI buildup seen in 5000 Put & 5500 Call
5000 Put sheds 1.75 lakh shares in Open Interest
5500 Call adds 29K shares in Open Interest
5300 Put adds 8.82 lakh shares in Open Interest
5200 Put adds 5.25 lakh shares in Open Interest
4900 Put adds 4 lakh shares in Open Interest
5400 Call sheds 5.95 lakh shares in Open Interest
5300 Call adds 22K shares in Open Interest
Total Nifty Futures added 10.4 lakh shares in OI
Stock Futures adds 1.7 cr shares in OI
Nifty PCR rose to 1.2 from 1.17
India VIX closed at 16.01 down by 0.37%
FIIs in F&O on August 13
FIIs net sell Rs 28 cr in Index Futures; Index Futures Open Int Contracts up by 22065
FIIs net sell Rs 410 cr in Index Options; Index Options Open Int Contracts up by 17193
FIIs net sell Rs 442 cr in Stock Futures; Stock Futures Open Int Contracts up by 5226
The US markets ended narrowly mixed in lackluster trading, with the Dow breaking a four-day winning streak, as investors digested a better-than-expected jobless claims report against waning optimism over the ECB to tackle the region’s debt crisis. Nevertheless, the 5 day rally on the S&P 500 has helped it move nearly 10% higher from the lows of early June.
Dow Jones Industrial Average was down 0.08% or 10.45 points at 13165.19. Nasdaq Composite was up 0.25% or 7.39 points at 3018.64. Standard & Poor’s 500 was up 0.04% or 0.58 points at 1402.8.
On economic data front, weekly jobless claims unexpectedly fell last week, slipping 6,000 to a seasonally adjusted 361,000. Trade deficit narrowed in June as lower oil prices curbed imports. And wholesale inventories in June posted their steepest decline since September.
In key data to watch out for in US today, data may show that export prices declined by 0.1% versus the 1.7% plunge in June. Meanwhile, import prices could see a 0.2% rise for the month of June.
In the currency space, the euro slips below 1.23 to the dollar as traders booked profits on recent gains.
In commodities, crude prices gain with Brent above USD 113 levels lifted by stronger-than-expected economic data in the US and a lower outlook for North Sea Brent production.
From the precious metals, gold prices gain on fresh stimulus hopes in China.
Indian ADRs ended mixed on Thursday. In the IT space, Patni was up 0.79% at USD 18.6, Infosys was up 0.34% at USD 41.59 and Wipro was up 0.25% at USD 8.07.
In the Telecom space, MTNL was up 2.54% at USD 1.21 and Tata Communication was down 1.49% at USD 8.58. In the Banking space, HDFC Bank was up 0.06% at USD 35.32 and ICICI Bank was down 0.4% at USD 34.97.
In the other space, Sterlite was up 3.1% at USD 7.99, Dr Reddys was down 0.73% at USD 29.9 and Tata Motors was down 3.57% at USD 21.34.
F&O cues:
Nifty options suggest market range of 5200-5400
Total Puts add 6.7 lakh shares in Open Interest
Total Calls add 17.6 lakh shares in Open Interest
Highest OI buildup seen in 5000 Put & 5500 Call
5000 Put sheds 94K shares in Open Interest
5500 Call sheds 3.7 lakh shares in Open Interest
5400 Call adds 6.3 lakh shares in Open Interest
5300 Put adds 1.8 lakh shares in Open Interest
5100 Put adds 1.1 lakh shares in Open Interest
Total Nifty Futures added 3.3 lakh shares in OI.
Stock Futures adds 93.3 lakh shares in OI
Nifty PCR fell to 1.15 from 1.17.
India VIX closed at 16.33 down by 0.24%
FIIs in F&O on August 09
FIIs net buy Rs 27 cr in Index Futures; Index Futures Open Int Contracts up by 15419
FIIs net buy Rs 438 cr in Index Options; Index Options Open Int Contracts up by 42998
FIIs net sell Rs 331 cr in Stock Futures; Stock Futures Open Int Contracts up by 24381
* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.
Asian markets were trading mixed. China’s Shanghai Composite was flat at 2,050.71.
