Sensex, on Monday, closed 184 points down at 29,237. Market turned volatile on Asian weakness following Donald Trump’s failure to push through his key health care legislation raised doubts whether he will be able to push through tax reforms and mega-spending packages. Among sectors, Healthcare, Oil & gas and Metals lost over 0.8% to 2.6% each. Among stocks Asian paints, Reliance and Tata Steel lost over 2.1% to 3.2% each. Market breadth was negative with 1,135 advances against 1,666 declines.
Nifty closed 63 points down at 9,045. Today, we expect markets to open on a positive note on the back of positive global cues.
US Markets closed on a mixed note. Dow closed 0.2% lower while Nasdaq closed 0.2% higher. US markets, today, will see data releases on Goods Trade Balance, Prelim Wholesale Inventories m/m, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Richmond Manufacturing Index and FOMC Member Kaplan Speaks.
Asian markets are trading on a positive note; Nikkei is trading 1.1% higher while Hang Seng is trading 0.5% higher. SGX Nifty is trading 25 points higher at 9,098. Indian ADRs ended the day on a mixed note. Among financial ADRs, ICICI Bank closed 1.7% higher, while HDFC Bank gained 2.3%. Among IT ADRs, Wipro gained 0.6% and Infosys gained 0.5%. Tata Motors ADR gained 0.9%.
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