Foreign investors have pulled out over Rs 9,300 crore ($1.3 billion) from the capital markets— both equity and debt—in the last four trading sessions on the unabated fall in rupee and the rise in crude oil prices. The latest withdrawal comes following a net outflow of over Rs 21,000 crore in the last month. Prior to that, they had put in a net amount of Rs 7,400 crore in July-August.

Autodesk Inc. (ADSK) traded on unusually high volume on Oct. 05, as the stock lost 0.07% to close at $152.00. On the day, Autodesk Inc. saw 3.24 million shares trade hands on 29,501 trades. Considering that the stock averages only a daily volume of 2.02 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Shutterstock Inc. (SSTK) traded on unusually high volume on Oct. 05, as the stock lost 2.22% to close at $49.71. On the day, Shutterstock Inc. saw 342,495 shares trade hands on 3,037 trades. Considering that the stock averages only a daily volume of 222,942 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Westrock Company (WRK) traded on unusually high volume on Oct. 05, as the stock lost 2% to close at $50.56. On the day, Westrock Company saw 2.61 million shares trade hands on 16,552 trades. Considering that the stock averages only a daily volume of 1.58 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Hortonworks Inc. (HDP) traded on unusually high volume on Oct. 05, as the stock lost 4.9% to close at $23.28. On the day, Hortonworks Inc. saw 2.84 million shares trade hands on 25,362 trades. Considering that the stock averages only a daily volume of 1.64 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Summary

• • WallStars show positive broker target price upsides. 19 of 81 were tagged “safer” for dividends.

In a market wrap, analysts at ANZ explained that US equities have been under pressure after yesterday’s hawkish comments by US Fed Chair Powell and a confrontational speech aimed at China by US Vice President Pence saw a repricing of risk.

SK will post strong earnings in the third quarter, said NH Investment and Securities on Oct. 5 maintaining a “buy” recommendation and 440,000 won (US$389.00) target price.

Canada’s main stock index dropped some of its strength on Friday, propped up by gains in mining and industrial shares and strong jobs data.

Summary

• Brazilian equities were up sharply on Tuesday and Wednesday, driven by polling results on the upcoming Presidential election.
• I believe that candidate Jair Bolsonaro’s rejection rate, however, could make a win in the run-off election of October 28th a tough proposition.
• I believe market fears to be a bit exaggerated, even in the event of a left-wing victory later this month. But volatility should be expected.