Sai Proficient Blog

Wednesday, 9 August 2017

Asia stocks steady, Treasury prices off highs as risk aversion settles-Sai Proficient

Asian stocks steadied and US Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle.

MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed after dropping 0.6 percent the previous day.

Japan’s Nikkei rose 0.2 percent and Australian shares gained 0.1 percent. South Korea’s KOSPI was little changed.

Asian stocks were supported after seeing Wall Street shares closed barely lower overnight, trimming losses, as investors appeared to brush off geopolitical concerns.

Tuesday, 8 August 2017

Asian shares, US stock futures, dollar slip on rising Korean tensions- Sai Proficient

Asian shares and US stock futures slipped while US Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang’s warning that it is “carefully examining” plans for a missile strike on the US Pacific territory of Guam.

Just hours after US President Donald Trump told North Korea that any threat to the United States would be met with “fire and fury,” a spokesman for the Korean People’s Army said in a statement carried by the North’s state-run KCNA news agency that it was considering a strike aimed at US military bases on Guam.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan’s Nikkei was 1.2 percent lower as the stronger yen sapped investors’ appetite.

South Korean shares were down 0.9 percent and the won was 0.6 percent lower at 1,134.10 at 0048 gmt.

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Monday, 7 August 2017

Sensex falls 150 pts, Nifty tests 10,000 banks, oil stocks drag-Sai Proficient

Equity benchmarks erased opening gains, with the Nifty testing 10,000 level due to selling pressure in banking & financials and oil stocks.

The 30-share BSE Sensex was down 143.89 points at 32,129.78 and the 50-share NSE Nifty fell 43.05 points to 10,014.35.

About two shares declined for every share rising on the BSE.

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Sunday, 30 July 2017

Sensex, Nifty continue to trade higher; HDFC falls again, Pharma down -Sai Proficient

Equity benchmarks continued to trade higher, with the Sensex rising 84.66 points to 32,394.54 and the Nifty up 17.30 points at 10,031.80.

The rally was driven by Kotak Mahindra Bank, L&T, ICICI Bank, Maruti Suzuki, ONGC and Tata Steel that gained up to 3 percent.

Healthcare stocks were under pressure today, with Sun Pharma, Dr Reddy’s Labs, Lupin and Cipla down up to 2 percent.

HDFC slipped 0.5 percent again after recovery in early trade. FMCG majors ITC and HUL were also down up to 1 percent.

The market breadth was positive as about 1,161 shares advanced against 899 declining shares on the BSE.

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