Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Topic
Global markets● −9% net tone today
- Indian equities may remain volatile short term, while the medium-term Nifty 50 outlook is positive
- Japanese bond yields hovered near multi-decade highs as inflation concerns persisted
- Prediction markets expanded into US stocks, indexes and corporate events, raising oversight concerns
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23 Oct
Nasdaq Leads Stocks Higher as Hiring Softens
- Nasdaq led stocks higher as hiring softened
- Bond yields turned higher and oil fell as the G-7 agreed to release diesel and crude
- Lower crude prices can ease costs for Indian oil-marketers, airlines and other fuel-intensive sectors
Data▲
The Underwhelming Jobs Data That Sparked a Stock Rally
- September jobs data eased fears of further rate increases, sending the Nasdaq to an intraday high
Investors worried over bloodbath as Nifty 50 sees longest weekly losing streak in 25 yrs - Outlook for H2 from experts
- Nifty 50 and Sensex fell 3.1% and 2.7%, respectively, during an eighth consecutive losing week
- A prolonged selloff pressures Indian equities, including Tube Investments of India
US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Nasdaq Composite advanced 1.24%
- S&P 500 surged 0.82%, while the Dow Jones Industrial Average rose 0.61%
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International mutual funds: Check fresh SIP and lump sum investment options; one PGIM scheme to reopen on October 8
- International mutual fund investment restrictions are changing within days
- Lump-sum options remain limited; some funds continue accepting investments
- Changing access may affect Indian investors seeking overseas exposure through mutual funds
Global equity funds attract $34.76 billion for a second straight week
- Global equity funds drew $34.76 billion in the week through September 30
- Inflows continued for a second straight week amid optimism around AI investment
Indian Equities Are Falling: These Are The Reasons
- Foreign investors have been pulling money from Indian markets
- FII outflows pressure Indian equities, including Nifty and Sensex constituents
Asian shares fall amid bond and FX swings ahead of US jobs data
- Asian stock markets dipped amid turbulence in bond and currency markets
- Elevated oil prices were driven by military strains in the region
- Higher crude prices pressure Indian oil importers and fuel retailers
US dollar reaches 17-month high as global bond rout hits euro
- The US dollar climbed to a 17-month high as global bond yields rose
- Investor anxiety over inflation and rising yields weighed on the euro
- A stronger dollar and higher global yields can weigh on the rupee and Indian equities
Sleepless on Wall Street: All-night stock exchanges coming soon
- US equity exchanges will add an overnight session from 9 p.m. to 4 a.m. starting December 6
- The extended hours aim to cater to growing demand for overnight trading
Tesla EV sales beat Wall Street’s expectations again, and the stock jumps
- Tesla EV sales beat Wall Street expectations, lifting the stock
- The company had its best three-month vehicle-sales period this year
- Tesla’s sales momentum may shape sentiment toward Indian EV makers such as Tata Motors
Rupee sinks to 96.31, logs biggest fall in over 2 months
- The rupee fell to 96.3150 against the US dollar, its biggest drop in over two months
- The decline was attributed to escalating US bond yields
- A weaker rupee raises import costs for Indian companies and can weigh on foreign investor returns
Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
- Oil prices stayed elevated amid a widening military buildup
- Higher yields and elevated crude may pressure Indian equities and raise costs for oil-sensitive sectors
Data●
Wall Street Set To Open In Green? Slipping Oil Among Three Reasons Fueling US Stock Futures
- US stock futures rose, with cooling oil prices among the global cues
- The report said the cues could indicate a positive Wall Street opening
- Lower crude prices can ease costs for Indian oil importers and support broader equities
Data▼
Eurozone inflation hits its highest level in three years at 3.8% as energy costs soar
- Eurozone annual inflation reached 3.8%, its highest level since September 2023
- Higher European energy costs may pressure Indian exporters and raise imported inflation risks
European shares edge higher after bond-driven selloff as investors await inflation data
- European stocks made a modest recovery after a sharp selloff
- Investors are focused on upcoming inflation data
Equities post eighth straight weekly loss as global headwinds intensify
- Sensex fell 570.59 points, or 0.79%, to 71,909.70
- Nifty 50 fell 198.50 points as equities posted an eighth straight weekly loss
US bond yields: Trump may disappoint stocks, gold investors with these 2 steps to resolve debt crisis | Experts' view
- Experts warn Trump's proposed steps to resolve the debt crisis could disappoint stocks and gold investors
- US yield moves can affect Indian equities and gold prices
Emerging markets outperform developed markets as bond rout deepens
- Emerging markets are outperforming developed markets amid a deepening bond rout
- Fiscal discipline, institutional strength and anti-inflation policies have helped shield developing countries
Friday's rally in the S&P 500 might not be enough, but Linde is out of this world
- The Homestretch update says Friday’s S&P 500 rally might not be enough
Nvidia’s chip financing strategy faces Wall Street scrutiny
- Nvidia’s financing plan has prompted debate over whether its chips and infrastructure can sustain the AI boom
- AI infrastructure demand affects Indian IT services and semiconductor-linked companies
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Data●
Three reasons why this Wall Street market-making powerhouse says investors should reload on stocks now
- Scott Rubner says September’s stock-market reset points to a strong finish to the year
Deal●
Global Markets | Japan's Nikkei retreats from 6-week high as investors lock in gains
- Japan’s Nikkei retreated from a six-week high as investors locked in gains
Japan government bond yields fall as global markets steady
- Japan’s 10-year government bond yield fell to its lowest level since mid-September