wiry rina 805 Taker tabe 335525 054 Prormaning by Aye Bia Sunn (TSH) Ma Tur Ecoyomic Times Markets English Eakion | Teday's Paper Home ETPrime Markets News Industry RISE Polis Wealth Mutual Funds Tech Jobs Opinion NRI Panache ET NOW Cryptocurrency + Stocks + IPOWEPOS Live cam) Markets Data Market Moguls. Expert Views Technicals » Commodities + More » Market crash leaves investors poorer by Rs 7 lakt crore. Key factors dragging Nifty lower By Nikhil Agarwal, ETMarkets.com Last Updatec: Sep 26,2022, 119 AM IST une course swe Synopsis After today's market crash, investors became poorer by around Rs 7 lakh crore as the market capitalisation of all BSE-listed companies dropped to Rs 269.86 lakh crore. Punching holes in Nifty’s decoupling theory that 'ndian Indices ‘was doing the rounds till a few days ago, the ‘son 0110 |26 Sep2072 domestic equity market on Monday tumbled for Nifty FMCG the fourth day in a rows the global macro Srvance 9004 3 construct remained unfavourable. Sensex tumbled ity Next 50 over 1000 points intraday while Nifty slipped below the 17,000 mark, Peers ees “ Nifty Bank After today’s market crash, investors became poorer by around Rs7lakh crore “ as the market capitalisation of all BSE-listed companies dropped to Rs 269.86 lakh crore. "Although India is seen as a bright spot in times of global Nifty Mideap 100 slowdown concerns, domestic markets will not be completely insulated from Advance 87 Gecine 6 overseas turmoil and would continue to see bouts of intra-day volatility," said Prashanth Tapse of Mehta Equities. Nifty Alpha 50 Here are the 8 key factors making traders nervous on Monday: w © Fear around Powell's next hike Market Dashboard Although US Fed's 75bps rate hike was anticipated but the sustained aggressive stance indicating 125 bps hikes in the next two policy meetings by December 2022 has spooked the market. TOP GAINERS To Infosys 1255 PM | 26 Sep 2072 "A hard landing is becoming the base case scenario for many and that means more economic pain along with a much weaker stock market is coming," said _| Asian Paints 1255 PM [26 Sep 2022Edward Moya, Senior Market Analyst, OANDA. © Dollarindex Amid the flight to safety of the US dollar in turbulent times, the US dollar index continued to rally and was around the 114-mark. The Indian rupee, as a result, hit a fresh all-time low of 81.55 against the greenback. A depreciating rupee makes India less attractive for foreign investors. © Bond yields Due to the sharp rise in US bond yields, Indian bond yields have also moved up sharply with 2-year bond yields moving to a3-year high. India's 10-year benchmark govt bond yield was at 7.4173%. US 2-year bond yield was up 13 per cent at around 4.26 while the benchmark 10-year Treasury stood at around 3.75, its highest level since 2010. © Global markets Last Friday, the Dow Jones had ended at its lowest closing value since November 2020. For the week, the Dow dropped 4% while the S&P 500 slid 4.6% and the Nasdaq tumbled 5.1%, Goldman Sachs has sliced their end of year S&P 500 target from 4,300 points to 3,600, which would be below the June low. In other Asian markets, MSCI's broadest index of Asia-Pacific shares outside Japan was down 1% to a two-year low, It is heading for a monthly loss of 11%, the largest since March 2020. Japan's Nikkei fell 2.2%. © Filoutflows ‘The rise in bond yields and rupee depreciation is making foreign institutional investors or Fils pull out money from Dalal Street. Flls sold Indian equities worth around Rs 2,900 crore last Friday. "The global macro construct is not favourable for equity markets in the short run. The dollar index above 113 and the US 10-year yield at 3.73% is likely to aggravate FPI outflows which have been gathering momentum during the last 3 days,” said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. © Recession fears Divis Labs. 1255 PM |26 Sep 2022 Tech Mahindra 1255 PM [26 Sep 2022 View Al Popular in Markets |, Dalal treet debut: Harsha Engineers lists at 36% premium over issue price Axis Bank among six money-n solid short-term returns ‘What should you dowith “BIH, M&M Fin and Tata Stee? BI likely to raise repo rate by50 basis points this week 5,_ Nifty to face volatile bouts, * may find support at 17,000 DISCOVER MUTUAL TRENDING IN MARKETS‘The fears around global recession are increasing with every passing day. Noted Economist Nouriel Roubini, who predicted the financial crisis in 2008, says the US and the rest of the world is about to face an ugly and long recession. The "Dr Doom’ said the S&P 500 could fall by 30% in a normal recession and 40% in a brutal recession. The 5% cut in MSCI World Index last week indicates the bearish undertone of global equity markets. © Expensive valuation Despite positive macros including India's decoupled economy, pickup in credit growth and tax collection, India remains one of the most expensive stock markets in the world. © Technical factors Nifty's support was seen at 17,166, a breach of which in the morning led toa sharper fall, Analysts said 17,490 could be the resistance for Nifty in the near term. On Friday, the index had formed a long bearish candle on the charts which is broadly negative. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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