Culture

Sensex slips 69 points, Nifty below 10500 in late morning trade

Sensex slips 69 points, Nifty below 10500 in late morning trade”

Sector-wise, Nifty PSU Bank and Nifty IT ended in the green, while Nifty Pvt Bank and Nifty Fin Services ended as top losers. The Dow Jones Industrial Average plunged 381 points to close at 25,029, the Nasdaq Composite Index tumbled 57 points to finish at 7,273 and the S&P 500 lost 30 points to end the day at 2,714.

Overseas, Asian markets closed lower with the Japan's Nikkei, China's Shanghai and Hong Kong's Hang Seng falling 1 per cent each while European indices - France's CAC, Germany's DAX and Britain's FTSE - were down 0.3 per cent each.

Indian stock markets are likely to start Wednesday's session on a lower note, with the SGX Nifty trading down 79.00 points at 10483 on Singapore Exchange. At 11:26 am, the Sensex was trading at 34,093, down 90.87 points, while the broader Nifty50 was ruling at 10,474, down 18.85 points.

In economic releases, reports on durable goods orders and consumer confidence painted a mixed picture of the economy.

Foreign portfolio investors (FPIs) sold shares worth a net of Rs 906.86 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,046.67 crore yesterday, provisional data showed.

"After witnessing better than expected GDP data for the third quarter, domestically, the focus of the markets in immediate near term will be on passage of budget in parliament session, GST council meeting and implementation of e-way bill as well as advance tax collection figures by mid-March", said Teena Virmani, vice-president at Kotak Securities.

Gitanjali Gems hit its lower circuit after falling almost 5 per cent to Rs 21.35. The main reason for the fall was that the Central Bank in its policy review did not reduce its rate.

Other banking stocks too ended in the red.

United States stocks ended lower as Wall Street digested data that were seen as underlining the economy's robust health.

Major Sensex gainers on Tuesday were: Bharti Airtel, up 2.07 per cent at Rs 431.05; Dr Reddy's Labs, up 1.82 per cent at Rs 2,234.15; NTPC, up 1.53 per cent at Rs 165.50; Hero MotoCorp, up 1.34 per cent at Rs 3,587.95; and Reliance Industries, up 1.21 per cent at Rs 949.95.



Like this

loading...
loading...

Latest


02 March 2018
Should You Buy Office Depot Inc (NASDAQ:ODP) At $2.9?
Now we see the performance from the period beginning the first day of the current calendar or fiscal year up to the current date. In terms of moving averages, the 200-day is now at 4.19, the 50-day is 3.31, and the 7-day is resting at 2.96.

02 March 2018
Puerto Rico Power Grid Snaps Leaving Nearly 1 Million In The Dark
More than 100 Duke Energy crews from Central Florida are heading home after working for 45 days to restore power in Puerto Rico . Some 15 percent of power customers remain in the dark, and more than 700 families are still living in hotels across the island.

02 March 2018
Ricciardo ends opening day of Barcelona testing on top
Red Bull driver Daniel Ricciardo ended the first day of 2018 Formula 1 pre-season testing at Barcelona with the fastest time. During one run, Ricciardo opted to use intermediate tyres on a dry track, with tyre warm-up proving to be a huge challenge.

02 March 2018
Kentucky Teachers Crowd Public Hearing Of New GOP Pension Bil
Democratic Attorney General Andy Beshear has identified at least 21 ways he believes the pension bill runs afoul of the law. They say they will wait a few days for the public to review and comment on the changes before reconvening for a vote.

02 March 2018
Wisconsin vs. Michigan State - 2/25/18 College Basketball Pick, Odds, and Prediction
The sophomore guard hit a trio of threes in a row for Michigan State to give them a ten point lead, their largest to that point. Nate Mason scored 18 points and passed NBA Hall of Famer Kevin McHale for fifth place on Minnesota's all-time scoring list.

02 March 2018
Stocks Hurt By Unusual Move- Express Scripts Holding Company (NASDAQ:ESRX)
It increased, as 18 investors sold MCO shares while 182 reduced holdings. 17 funds opened positions while 27 raised stakes. As per Thursday, June 8, the company rating was maintained by Cowen & Co. 1 analysts gave its stock an Outperform rating.

02 March 2018
OnePlus 6 Display Notch Revealed In New Leak
Does the prospect of a notch put you off? But more interesting (or disappointing) is what the front of the phone might look like. A company that's not participating in the world's biggest mobile trade show, OnePlus (not Apple), is also making the headlines.

02 March 2018
Multiple flights cancelled and schools closing
The budget airline has blamed the "weaker Glasgow market" and the high Air Passenger Duty rates for the cutes. At Luton Airport, easyJet has cancelled multiple flights and Ryanair has also cancelled it Dublin journeys.

02 March 2018
Virginia Judge Demands Removal of Tarps Covering Confederate Monuments "Within 15 Days"
The Charlottesville City Council had voted unanimously to place "mourning shrouds" over the statues to honour the three dead. Virginia state police troopers Jay Cullen and Perke MM Bates died when their helicopter crashed as they policed the event.

02 March 2018
Fiat heads to Geneva with special edition 124 Spider, Abarth 695
We have always thought the Fiat Abarth 124 would be much better if it had a hardtop, and it seems like Italian automaker heard us. Starting with Abarth 124 GT, this one is an upgraded version of Abarth 124 Spider in the area of looks and performance.