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BREAKING NEWS:- PRIMARY SCHOOL MA STD. 3 TO. 5 MA PERIOD SYSTEM AMALI KARVA BABAT GCERT NO LATEST PARIPATRA.
3 Thi 5 Nu Time table babat no Paripatra.
The market continued to reel under selling pressure on Monday. Liquidity crunch fears, consistent selling by FIIs, rupee volatility, rising crude oil prices and trade war tensions weighed on sentiment.
The Nifty has broken psychological 11,000 levels, falling 175.70 points or 1.58 percent to 10,967.40. The 30-share BSE Sensex dropped 536.58 points or 1.46 percent to 36,305.02.
"We usually see such volatile moves prior to the market bottom or top but it's too early to confirm the same," Jayant Manglik, President, Religare Broking said.
Crude Oil Prices
Crude oil prices increased sharply as US markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran with will be effective from November. In addition, the expectations of major traders and banks that prices could rise over $90 per barrel in coming months also supported.
Brent crude futures were at $79.92 per barrel, up by 1.45 percent from their last close and US West Texas Intermediate (WTI) crude futures rose by 1.31 percent to $71.71 a barrel at the time of writing this article.
US commercial crude oil inventories are at their lowest level since early 2015. And while output remains around the record of 11 million barrels per day (bpd), recent subdued US drilling activity points towards a slowdown, reports Reuters.
Commodity merchants Trafigura and Mercuria said that Brent could rise to $90 per barrel by Christmas and even above $100 in early 2019 as markets tighten once US sanctions against Iran are implemented from November.
JP Morgan expects the sanctions could lead to a loss of 1.5 million bpd, while Mercuria warned that as much as 2 million bpd could be knocked out of the market.
Trade War Fear
The US-China trade war continues to be in focus as both countries imposed fresh tariffs on each other's goods today.
World’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that has rattled financial markets.
US tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of US products took effect today morning (as per Indian time).
The two countries have already slapped tariffs on $50 billion worth of each other’s goods earlier this year.
Soon after the fresh duties went into effect, China accused the United States of engaging in “trade bullyism” and said it was intimidating other countries to submit to its will through measures such as tariffs, reports Reuters quoting official Xinhua news agency.
But Beijing also said it was willing to restart trade negotiations with the United States if the talks are “based on mutual respect and equality,” Xinhua said, citing a white paper on the trade dispute published by China’s State Council.
3 Thi 5 Nu Time table babat no Paripatra.
The market continued to reel under selling pressure on Monday. Liquidity crunch fears, consistent selling by FIIs, rupee volatility, rising crude oil prices and trade war tensions weighed on sentiment.
The Nifty has broken psychological 11,000 levels, falling 175.70 points or 1.58 percent to 10,967.40. The 30-share BSE Sensex dropped 536.58 points or 1.46 percent to 36,305.02.
"We usually see such volatile moves prior to the market bottom or top but it's too early to confirm the same," Jayant Manglik, President, Religare Broking said.
Crude Oil Prices
Crude oil prices increased sharply as US markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran with will be effective from November. In addition, the expectations of major traders and banks that prices could rise over $90 per barrel in coming months also supported.
Brent crude futures were at $79.92 per barrel, up by 1.45 percent from their last close and US West Texas Intermediate (WTI) crude futures rose by 1.31 percent to $71.71 a barrel at the time of writing this article.
US commercial crude oil inventories are at their lowest level since early 2015. And while output remains around the record of 11 million barrels per day (bpd), recent subdued US drilling activity points towards a slowdown, reports Reuters.
Commodity merchants Trafigura and Mercuria said that Brent could rise to $90 per barrel by Christmas and even above $100 in early 2019 as markets tighten once US sanctions against Iran are implemented from November.
JP Morgan expects the sanctions could lead to a loss of 1.5 million bpd, while Mercuria warned that as much as 2 million bpd could be knocked out of the market.
Trade War Fear
The US-China trade war continues to be in focus as both countries imposed fresh tariffs on each other's goods today.
World’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that has rattled financial markets.
US tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of US products took effect today morning (as per Indian time).
The two countries have already slapped tariffs on $50 billion worth of each other’s goods earlier this year.
Soon after the fresh duties went into effect, China accused the United States of engaging in “trade bullyism” and said it was intimidating other countries to submit to its will through measures such as tariffs, reports Reuters quoting official Xinhua news agency.
But Beijing also said it was willing to restart trade negotiations with the United States if the talks are “based on mutual respect and equality,” Xinhua said, citing a white paper on the trade dispute published by China’s State Council.
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