5 factors that spooked D-Street bulls; Crude at $64 can play spoiler with stocks, economy

ET Markets Daily Brief | Tue, Nov 07, 2017 | 06:34 PM IST Follow ET Markets

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Tech view: Nifty forms Long Black Day; bears find favour If the index fails to restrict the fall, a steep drop towards the 20-DMA of 10,274 is likely. After Hours: Lupin catches cold; MMTC on a high on merger buzz Spike in crude oil prices was the main factor that dragged market from record highs. November 8 was a sad day? Well, not for D-Street; investors made Rs 35 lakh crore Sensex had plunged over 1,800 points in eight sessions following the announcement.

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Market Watch 7 Nov | 06:34PM| SENSEX NIFTY USD/INR GOLD 33370.76 ↓-360.43 10350.15 ↓-101.65 65.03 ↑0.35 29414.00 ↑70.00

Gainers Losers 7 Nov, 2017, 06:34PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Tips Industries Ltd. 117.00 20.00 134801 117.00 100.90 Jayshree Chemicals Ltd. 15.60 20.00 159130 15.60 15.00 Nagreeka Capital & Infrastructure Ltd. 24.60 20.00 31220 24.60 20.00

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FROM THE NEWSPAPER

HDFC Standard Life IPO subscribed 46% on Day 1 The issue received bids for 10,03,43,050shares against the issue size of 21,97,59,218 shares. Sensex cracks over 300 points: 5 factors that spooked D-Street bulls Going with market buzz, here are the five reasons that took market off its record high. Crude at $64 can hurt rupee, rates & markets; here's how Crude oil prices above $60 a barrel is a concern for India's domestic economy. Lupin slumps to 4-year low as USFDA issues warning letter for Goa, Indore plants The warning letter was issued on Monday for Pithampur unit II of Indore and its Goa plant. Steer clear! MACD charts show these 50 stocks are going to crack When the MACD falls below the signal line it gives a bearish signal on the charts.

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