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LORD JESUS CHRIST SAYS

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened. Matthew 7:7-8

22 Mar 2016

STOCK MARKET- LIVE- SENSEX EDGES LOWER,NIFTY TRADES BELOW 7,700.



9:24 a.m.: The Sensex and Nifty edged lower in the opening deals on the back of mild profit-taking after the benchmark indices touched their highest levels in over two months.

The Sensex slipped nearly 50 points while the Nifty moved below its crucial psychological level of 7,700.

Mild selling pressure was visible in select banking, FMCG, and IT stocks. The Bank Nifty and the Nifty IT indices slipped 0.3 per cent each.

From the Nifty-50 basket of stocks, 32 stocks were declining while 18 were advancing.

Adani Ports was the top Nifty loser, down 1.74 per cent to 
The Sensex slipped nearly 50 points while the Nifty moved below its crucial psychological level of 7,700.
Mild selling pressure was visible in select banking, FMCG, and IT stocks. The Bank Nifty and the Nifty IT indices slipped 0.3 per cent each.
From the Nifty-50 basket of stocks, 32 stocks were declining while 18 were advancing.
Adani Ports was the top Nifty loser, down 1.74 per cent to Rs.240. Ambuja Cements, ACC, HDFC, Infosys, Bank of Baroda, Hero MotoCorp, Axis Bank, Punjab National Bank, ICICI Bank, ITC and Cipla were also among the losers.

On the other hand, BHEL, Lupin, Bosch, Mahindra & Mahindra and Tata Steel were among the gainers.

8:00 a.m.: The Sensex and Nifty are likely to open on a flat note tracking listless trading of Nifty futures on the Singapore Stock Exchange amid subdued global cues.

The Singapore Nifty or commonly known as the SGX Nifty was up 0.1 per cent or 7 points at 7,718.

Meanwhile, most on the other Asian markets were also trading on a subdued note as hawkish comments from US Federal Reserve officials stoked uncertainty about policy makers' intentions less than a week after Fed Chair Janet Yellen had set out a more cautious path to rate increases this year.

China's Shanghai Composite was down 0.3 per cent and Hong Kong's Hang Seng slipped 0.07 per cent. On the other hand Japan's Nikkei surged over 2 per cent, reopening after a public holiday on Monday and getting a tailwind from a weaker yen.

Overnight, Wall Street closed little changed on Monday as investors searched for fresh catalysts and showed concerns about fully-extended share prices after a five-week rally.

The session, which closed slightly higher and opened slightly lower, followed a market-friendly move by the US Federal Reserve last week that pushed the S&P 500 and Dow into positive territory for the year.

The Dow Jones industrial average closed up 21.57 points, or 0.12 per cent, to 17,623.87, the S&P 500 gained 2.02 points, or 0.1 per cent, to 2,051.6 and the Nasdaq Composite had added 13.23 points, or 0.28 per cent, to 4,808.87.

Back home, foreign institutional investors (FIIs) continued to buy shares in the Indian stock markets. The FIIs bought shares worth 
On the other hand, BHEL, Lupin, Bosch, Mahindra & Mahindra and Tata Steel were among the gainers.
8:00 a.m.: The Sensex and Nifty are likely to open on a flat note tracking listless trading of Nifty futures on the Singapore Stock Exchange amid subdued global cues.
The Singapore Nifty or commonly known as the SGX Nifty was up 0.1 per cent or 7 points at 7,718.
Meanwhile, most on the other Asian markets were also trading on a subdued note as hawkish comments from US Federal Reserve officials stoked uncertainty about policy makers' intentions less than a week after Fed Chair Janet Yellen had set out a more cautious path to rate increases this year.
China's Shanghai Composite was down 0.3 per cent and Hong Kong's Hang Seng slipped 0.07 per cent. On the other hand Japan's Nikkei surged over 2 per cent, reopening after a public holiday on Monday and getting a tailwind from a weaker yen.
Overnight, Wall Street closed little changed on Monday as investors searched for fresh catalysts and showed concerns about fully-extended share prices after a five-week rally.
The session, which closed slightly higher and opened slightly lower, followed a market-friendly move by the US Federal Reserve last week that pushed the S&P 500 and Dow into positive territory for the year.
The Dow Jones industrial average closed up 21.57 points, or 0.12 per cent, to 17,623.87, the S&P 500 gained 2.02 points, or 0.1 per cent, to 2,051.6 and the Nasdaq Composite had added 13.23 points, or 0.28 per cent, to 4,808.87.
Back home, foreign institutional investors (FIIs) continued to buy shares in the Indian stock markets. The FIIs bought shares worth Rs. Rs. 1,396.33 crore while domestic institutional investors sold shares worth Rs. 618.77 on Monday.

Shares of companies dealing in the defence sector such as Reliance Defence, BEML, Offshore Engineering Company, Bharat Electronics, Rolta, Reliance Infrastructure and Bharat Forge will be on investors' radar after the government cleared new defence procurement policy. The policy will focus on India-made products and allows fast-track route to acquire weapons.


Shares of companies dealing in the defence sector such as Reliance Defence, BEML, Offshore Engineering Company, Bharat Electronics, Rolta, Reliance Infrastructure and Bharat Forge will be on investors' radar after the government cleared new defence procurement policy. The policy will focus on India-made products and allows fast-track route to acquire weapons.
 

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