Global factors that investors must be aware of!

Following weaker-than-anticipated earnings from two major US banks, JPMorgan Chase and Morgan Stanley, the major Wall Street indices fell on Thursday.

Surprisingly, FIIs were net buyers in the previous trading session, purchasing shares worth Rs 309.06 crore while DIIs sold equity worth Rs 556.40 crore. Following weaker-than-anticipated earnings from two major US banks, JPMorgan Chase and Morgan Stanley, the major Wall Street indices fell on Thursday.   

After reporting a 28 per cent decline in quarterly profit and suspending share buybacks while setting aside more money to cover potential losses, JPMorgan experienced a drop of over 4 per cent in the early deals. Morgan Stanley also suffered a loss of more than 3 per cent in the early trading hours after reporting missed profit forecasts for the first time in nine quarters. Following that, both these banks', as well as benchmark indices' initial losses, were trimmed.  

The markets in Asia were mixed as China's GDP fell short of expectations. The decline in tech stocks caused Hang Seng in Hong Kong to drop by more than 2 per cent. Alibaba's shares fell almost 6 per cent amid reports that law enforcement officials had called the company's executives to question them about the theft of a vast police database.   

Early in the session, the Indian domestic indices oscillated between marginal gains and losses but they managed to finish sharply higher. Gains were seen in the auto and consumer durables sectors while BSE Metal was the session's biggest loser.