Asian markets are mostly lower. US market witnessed a sell-off with S&P 500 cracking over 2%, Dow recording its biggest drop in two years plunging 2% and Nasdaq nose-diving by 2.4% to sub-5000 levels.
On Monday, rupee ended at 63.84 against the US dollar. The current implied volatility suggests market is not anticipating bigger fallout from the Greece event though bouts of intraday volatility are a given. On the call front, 8500 continues to hold the maximum OI, indicating traders are buying options to hedge their portfolio.
China’s stock market has officially entered bear territory after falling for three days in a row. Asian markets are mostly lower. US market witnessed a sell-off with S&P 500 cracking over 2%, Dow recording its biggest drop in two years plunging 2% and Nasdaq nose-diving by 2.4% to sub-5000 levels.
No comments:
Post a Comment