Sellers ruled the roost and were in absolute overdrive on Monday. Eventually the US markets touched monthly lows, with the worst single-session percentage loss in one month. 95% of the companies in the S&P 500 finished with a loss as well. The Dow closed 187.13 points lower (-2.13%) to end the day at 8,612.13. The index just tumbled as it opened and just about managed to stay afloat through the day. The NASDAQ closed 42.42 points lower (-2.28%) to finish at 1,816.38.

The Indian ADRs continued to languish in the red on Monday. Patni Computers (PTI) was the biggest gainer, up 0.41%, closing at $10.45. HDFC Bank (HDB) was the biggest loser, down  4.78%, closing at $101.92.

The European markets followed their American counterparts and also fell sharply on Monday. The UK’s FTSE closed 115.94 points down (-2.61%), ending at 4,326. Germany’s DAX closed 179.30 points down (-3.54%), ending trading at 4,890.

As of 9:45 am IST, the Asian markets were witnessing reasonable losses. While Japan’s Nikkei is currently trading 255.01 points lower, down 2.54%, the Hang Seng is currently trading 540.08 points lower, down 2.92%.

WTI Brent crude oil closed at $69.98 per barrel, down $0.64 (-0.91%). Nymex light crude July futures closed at $70.00, down $0.62 (-0.88%). August COMEX gold futures closed at $932.30 per ounce, up $4.80 (+0.52%).

As of 9:50 am IST, the Yen (¥) rose against the USD, by ¥1.23 to ¥96.57. The Euro (€) rose €0.0006 to €0.7243 against the dollar. The Pound (￡) fell by ￡0.0023 to ￡0.6152 against the dollar.

The rupee fell by Rs. 0.09 to close at Rs. 47.70/72 on Friday, against the greenback.

Tags: Asian Equities, Comex Gold, Commodities, Currencies, DAX, DJIA, Dow, Euro, European equities, FTSE, Hang Seng, International Markets, NASDAQ, Nikkei, Nymex Crude, NYSE, Pre-market summary, Rupee, Rupee/USD, US equities, USD, USD/Euro, USD/JPY, WTI Brent Crude, Yen

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