ETMarkets Morning Podcast: What's buzzing on D-Street this morning?

A Very Good Morning to all ETMarkets readers. This is Saloni Goel, and I am here with the morning briefing of news, views and cues before you start your day on Dalal Street.

The domestic equity market has come under the bear grip, as there is no sign when this corrective momentum is going to ease.

The Nifty slipped below its 50-day moving average at 9,792 on Monday, which is a bad omen. It remains to be seen if fresh shorts are able to lend support to the index at lower ..

On Monday, the Nifty50 formed a bearish candle on daily chart, which has negative implications, if follow-up selling emerges. The index is just a few points away from the major support trend line. If this trend line is broken decisively, then the short-term trend may continue to see selling pressure towards the 9,600 level, say analysts.

Early this morning, Nifty futures on the Singapore Stock Exchange were trading 67.50 points, or 0.69 per cent, lower at 9,782, indicating a gap-down opening for the domestic market.

Asian markets also began the day on a cautious note. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent. South Korean shares added 0.5 per cent, despite lingering worries about tensions on the Korean peninsula. Japan's Nikkei stock index dipped 0.1 per cent, while Australian ..

US stocks ended lower in overnight trade. The Dow Jones Industrial Average index gained 29 points, the S&P500 index advanced 2.82 points while the Nasdaq Composite index fell 3.40 points.

Macro cues are not that strong too. Earnings estimate of the Sensex has been cut by 10 per cent and that of the Nifty by 8 per cent for this financial year. Yet, Nifty has gained about 6 per cent in local currency terms, being the second best among emerging markets after the Philippines.

The rupee's rise this year against the US dollar is well documented, but the currency has weakened against most other major currencies. Since the start of 2017, the Indian currency has weakened 5.56 per cent against the euro, 3.90 per cent against the Australian dollar and 10.38 per cent against the Mexican peso.

FDI flow into the country grew 37 per cent to $10.4 billion during the first quarter of this financial year, DIPP said on Monday. India received $7.59 billion FDI during April-June 2016-17, it said. The main sectors that attracted highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.

A BSE move on Monday to compulsorily delist 200 companies with effect from Wednesday and bar promoters of these companies from accessing the securities market for 10 years has kept Dalal Street abuzz this morning. These companies belong to various sectors ranging from chemicals and pharma to finance and textiles.