Sarthakreturns

  US markets traded mixed post Tuesday's sell-off on concerns about rising yeilds. Dow rose 0.26%, S&P 500 added 0.16%,  tech heavy Nasdaq was the laggard falling 0.24%, small cap Russell 2000 lost 0.20%. US dollar index rose sharply to move near 94.35, both Cboe Vix and US 10 year eased a bit at 22.56 and 1.51% respectively.  Crude futures traded flat after witnessing some profit taking on Tuesday on risk-off trade. WTI traded near 74.75, Brent near 78.5. Indian stocks ended down, a day ahead of September expiry, on global equity sentiments. Sensex fell 0.43%, Nifty that almost turned positive towards the final hour, failed to do so, closing 0.21% down. Mid and Small cap stocks outperformed with strong gains after a while. For the day watch for September expiry related moves in individual stocks and some stability in benchmarks. Continue to watch for emerging trends in sectors that are underperforming or ignored and showing some improvement in outlook. They may outpe...

Stocks sank on Tuesday with technology stocks leading the way lower as investors nervously eyed a swift rise in US Treasury yields.  Nasdaq saw a drop of   more than 2.80% its worst day since March. S&P 500 also dropped 2%, its worst day since May while the Dow shed more than 1.60%. A new disappointing report on consumer confidence in September added to the risk-off mood in markets. US dollar index moved higher to 93.73, 10 year moved further near 1.55% and Cboe Vix jumped above 23.  Crude futures saw some profit taking post hitting 3 year highs, Brent fell near 78, WTI near 74. Indian stocks fell near 0.60% at the close recovering from intraday cuts in excess of 1.5% on global risk-on sentiments. IT, Fmcg and Reality stocks were the top losers for the day. Oil & Gas and Power sector stocks outperformed the markets on Tuesday. Mid and small cap stocks also saw similar cuts to underperform for yet another day.  For the day watch for continuation of volati...

 US stocks were mixed on Monday as Treasury yields rose, traders braced for the final week of a volatile September and US lawmakers trying to avert government shutdown. Dow added 0.20%, S&P slipped by 0.28% and Nasdaq Composite shed 0.52%. Energy stocks and bank shares pushed higher into positive zone. The small cap Russell 2000 outperformed on Monday with gains of 1.46%. US dollar index moved higher near 93.40, 10 year topped 1.5% for the first time since June on improving economic prospects, Cboe Vix moved higher near 19. Crude futures continued to trade higher, WTI moved above 75, Brent above 79. Indian indices turned choppy into record high zones as rotational trade into new sectors helped indices to stay just above the flat line but some profit booking in heavyweight sectors like IT and FMCG took index lower from intraday highs. Auto stocks were star performers gaining almost 3% offsetting weakness in IT names that were down 3%. Mid and small cap names were also mixed for ...

  After moving sharply higher for two straight days, US stocks showed a lack of direction over the course of the trading session on Friday. The major averages spent the day bouncing back and forth across the unchanged line. Dow gained 0.10%, S&P added 0.15%, Nasdaq closed just below the flat line. The small cap Russell 2000 saw cuts of close to 0.49%. US dollar index inched up higher to trade near 93.30, Cboe Vix declined to close below 18. US 10 year traded higher above 1.46%. Crude futures continued to move higher near 2018 highs on stockpiles fall from US and China and rising demand. WTI moved near 75, Brent near 79.  Indian markets moved higher into fresh record zones, Sensex topped 60k for the first time in history and Nifty almost scaled to 18k on and intraday basis. Mid and small cap index however failed to carry the optimism and closed marginally in red.  For the week watch out for September series expiry related volatilty and some rotational trade within heav...

  US markets surged from September slump, Dow recorded its best two day rally in six months on the hopes that the economy can sustain gradual tapering of stimulus and ease of trouble in Chinese property market.Dow gained 1.48% on energy and banking names, S&P saw gains of 1.21%, Nasdaq added 1.04% to overnight trade. The small cap Russell 2000 outperformed with gains of 1.82%. US dollar index saw a sharp pullback near 93.06 level, Cboe Vix fell below 19, US 10 year posted biggest single day gain since March to close near 1.43%.  Crude futures also moved higher on risk-on trade, WTI moved above 73, Brent crossed 77.  Indian stocks hit fresh record highs as Sensex almost touched 60k and Nifty topped above 17800 on global risk-on trade. Property names continued to outshine the market with names like DLF, Godrej properties, Oberoi realty seeing double digit gains. Banking and financial services stocks also saw some gains. Mid and Small cap stocks had a mixed day underperf...

  US stocks moved higher after the Fed announced that it was likely to begin reducing its monthly bond purchases as soon as November and signalled that interest rate increases may follow more quickly than expected. US triplets rose close to 1% to register best gains since July 2021.The small cap Russell 2000 outperformed with gains close to 1.48%.  US dollar moved higher, post Fed announcement, near 93.45, 10 year fell near 1.30%, Cboe Vix also declined near 20 (but still trades in cautious zone).  Crude futures traded flat to mildly positive, WTI moved just above 72, Brent remained flat near 75.5.  Indian stocks turned cautious ahead of Fed meet and the crucial outcome on Evergrande payment obligation due today. Reality stocks were the star performers along with new driven names like Zee, in an otherwise dull market. Metal stocks also staged some comeback as fears on Chinese property defaults eased.  For the day watch for stock specific volatility on Weekly opt...

  Worries about spreading troubles from China’s property markets snapped an extended streak of calm in stock indices and sent the S&P 500 to its worst day since May.Dow fell 1.78%,  S&P dropped 1.70%, Nasdaq  fell 2.19%. The S&P 500 and Nasdaq are on track for their worst months since last September, while Dow is headed toward its biggest monthly decline since October 2020. The small cap Russell 2000 lost 2.44%. Cboe Vix once again moved sharply higher near 26, $ index traded steady near 93.22, 10 year fell near 1.31% on risk-off trade.  Crude futures also saw some profit taking on risk-off trade, WTI fell below 71, Brent near 74. As indicated Nifty retreated from resistance zone of 17700-18000 on global equity worries and profit taking. Metal and Banking names took indices down. Sensex fell almost 0.89% and Nifty lost close to 1.07%. Mid and Small cap stocks lost close to 2% each.  For the day watch for some more give backs in individual names ahead...