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LORD JESUS CHRIST SAYS

and whoever wants to be first must be slave of all. For even the Son of Man did not come to be served, but to serve, and to give his life as a ransom for many.”

19 Feb 2016

STOCK MARKET- LIVE; SENSEX TRADES ON A LACKLUSTRE NOTE AMID PROFIT -BOOKING,



9:30 a.m.: Broader markets were also facing a heat of mil selling. The BSE mid-cap index slipped 0.28 per cent and the small-cap index declined 0.13 per cent. From the mid-cap space, HPCL was the top loser, down 2.14 per cent. Indian Hotels, Mphasis, JSW Energy, J P Associates, Castrol India and Bajaj Finserv were also among the losers, down 1.3-1.8 per cent each.

9:25 a.m.: The Sensex fell over 100 points and the 50-share Nifty slipped below its crucial psychological level of 7,150 in the opening deals on Friday on the back of profit-booking amid weak global cues.

In the last two trading sessions, the benchmark Sensex surged over 450 points triggering a bout of profit-booking in trades today.

Meanwhile, selling pressure was visible across the sectors. Metal, capital goods, PSU banking, oil & gas and auto indices were down 0.35-1.25 per cent each.

From the Nifty-50 basket of stocks, 36 stocks were declining while onle 14 were advancing.

Vedanta, BHEL, Cairn India, Coal India, Hindalco, Axis Bank, Idea Cellular and Maruti Suzuki were among the top losers, down 1-2.7 per cent.

On the other hand, Punjab National Bank was the top gainer, the stock advanced 0.97 per cent to Rs 73.15 after reports suggested that Punjab National Bank (PNB) is weighing options of diluting stake in some of its subsidiaries and selling off real estate assets.

Wipro, Tech Mahindra, Cipla, Reliance Industries and UltraTech Cement were also among the gainers.

8:10 a.m.: The Sensex and Nifty are likely to open on a weak note in trades on Friday tracking subdued global cues and losses in the Nifty futures traded on the Singapore Stock Exchange.

The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.3 per cent or 20 points at 7,162.

Meanwhile, Asian shares slipped from near three-week highs hit earlier this month on Friday, as a rally in oil prices paused and investors remained cautious about the outlook of the global economy.

Oil prices dipped on Thursday following a rise in U.S. stockpiles but look set to post their first gains in three weeks after the battered market took heart from a tentative deal by major producers to freeze output at January's highs.

Japan's Nikkei fell 2.2 per cent, Hong Kong's Hang Seng declined 0.56 per cent and China's Shanghai Composite was down 0.04 per cent.

Overnight, Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.

Eight of the 10 major S&P sectors finished negative, led by a 0.9 per cent decline in energy, which had helped drive the recent rally.

The Dow Jones industrial average fell 40.4 points, or 0.25 per cent, to 16,413.43, the S&P 500 lost 8.99 points, or 0.47 per cent, to 1,917.83 and the Nasdaq Composite dropped 46.53 points, or 1.03 per cent, to 4,487.54.

Back home, foreign institutional investors bought shares worth Rs 418.64 crore and the domestic institutional investors bought shares worth Rs 712.12 crore on Thursday.


9:25 a.m.: The Sensex fell over 100 points and the 50-share Nifty slipped below its crucial psychological level of 7,150 in the opening deals on Friday on the back of profit-booking amid weak global cues.
In the last two trading sessions, the benchmark Sensex surged over 450 points triggering a bout of profit-booking in trades today.
Meanwhile, selling pressure was visible across the sectors. Metal, capital goods, PSU banking, oil & gas and auto indices were down 0.35-1.25 per cent each.
From the Nifty-50 basket of stocks, 36 stocks were declining while onle 14 were advancing.
Vedanta, BHEL, Cairn India, Coal India, Hindalco, Axis Bank, Idea Cellular and Maruti Suzuki were among the top losers, down 1-2.7 per cent.
On the other hand, Punjab National Bank was the top gainer, the stock advanced 0.97 per cent to Rs 73.15 after reports suggested that Punjab National Bank (PNB) is weighing options of diluting stake in some of its subsidiaries and selling off real estate assets.
Wipro, Tech Mahindra, Cipla, Reliance Industries and UltraTech Cement were also among the gainers.
8:10 a.m.: The Sensex and Nifty are likely to open on a weak note in trades on Friday tracking subdued global cues and losses in the Nifty futures traded on the Singapore Stock Exchange.
The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.3 per cent or 20 points at 7,162.
Meanwhile, Asian shares slipped from near three-week highs hit earlier this month on Friday, as a rally in oil prices paused and investors remained cautious about the outlook of the global economy.
Oil prices dipped on Thursday following a rise in U.S. stockpiles but look set to post their first gains in three weeks after the battered market took heart from a tentative deal by major producers to freeze output at January's highs.
Japan's Nikkei fell 2.2 per cent, Hong Kong's Hang Seng declined 0.56 per cent and China's Shanghai Composite was down 0.04 per cent.
Overnight, Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.
Eight of the 10 major S&P sectors finished negative, led by a 0.9 per cent decline in energy, which had helped drive the recent rally.
The Dow Jones industrial average fell 40.4 points, or 0.25 per cent, to 16,413.43, the S&P 500 lost 8.99 points, or 0.47 per cent, to 1,917.83 and the Nasdaq Composite dropped 46.53 points, or 1.03 per cent, to 4,487.54.
Back home, foreign institutional investors bought shares worth Rs 418.64 crore and the domestic institutional investors bought shares worth Rs 712.12 crore on Thursday.
 

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