Asia’s main equity gauge is poised to succumb, joining four major regional benchmark indexes into bear-market territory. the MSCI Asia Pacific Index slipped 0.5 percent to 149.68 as of 10:10 a.m. in Hong Kong, taking its slump from a Jan. 26 peak to 20 percent.
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RBL Bank, Persistent Systems Shares Slip Sharply
Gold Silver Reports (GSR) – RBL Bank Persistent Systems Shares Slip Sharply — HDFC Bank rose 2.2% to Rs 2010 after the company reported 20.6% increase in its net profit to Rs 5005.73 crore in September quarter from Rs 4151.03 crore a year ago. Persistent Systems Ltd fell 13% to Rs 577.60 after the company reported lower than expected earnings.
HCL Technologies Falls On Heavy Volumes
HCL Technologies Falls On Heavy Volumes — Shares of the Noida-based software services company fell as much as 4.94 percent to Rs 973.65 on heavy volumes.
Housing Finance Companies Extend Slide As Moody’s Sees More Pain
Housing Finance Companies Extend Slide As Moody’s Sees More Pain – Shares of housing finance companies continued their losing streak on Friday.
Reliance Industries Falls Despite Meeting Estimates In Q2
Reliance Industries Falls Despite Meeting Estimates In Q2 – Shares of the Mukesh Ambani-led oil-to-telecom conglomerate fell as much as 7 percent, the most since Oct. 5, to Rs 1,070.25 despite meeting Bloomberg consensus estimates in July-September quarter.
Sensex, BSE MidCap Valuation Gap Shrinks Sharply in FY19
With the BSE MidCap index seeing a sharp fall this year, its valuation premium over larger set of stocks is shrinking at a rapid pace. From beginning of this fiscal, the premium of BSE MidCap index to Sensex has slipped 65.11% to current levels from the highs it had touched on 3 September.
History Says The Market Sell-off isn’t Over And This Drop Will be ‘Sharper Than The First’
Stocks could see another swoosh before the market is able to build on, or even hold, this week’s gains.