Indian markets broke out
of narrow range and plunged sharply in the afternoon trade following by the
basket selling in stocks triggered by tension in Iraq. All sectoral indices were
ended in red except Pharma and Media sector.
Sensex dropped by 275 pts to 25246
and Nifty went down by 73 pts to 7558. European markets traded up.
- Indian markets ended down. Nifty & Sensex down by 0.96% & 1.08%.
- Asia-Pacific mkts mxd. Hang Seng down by 0.09% & Nikkei up 0.93%.
- Wall St Up. German 10-y Bond Auction 1.39. Dow Future down 13 pts.
Indian shares fall for second day
Indian shares fell for a
second straight session on Thursday, as oil stocks such as Oil and Natural Gas
Corp slumped on worries that higher gas pricing may be allowed only for
incremental output while violence in Iraq continued to weigh.
Indian rupee ends stronger
The
Indian rupee strengthened on Thursday after the U.S. Federal Reserve indicated
interest rates are likely to remain lower for some more time, pushing the
dollar sharply lower, but high global crude oil prices checked gains in the
local currency.
Rupee
ends at 60.08/09 per dlr vs 60.39/40 on Wednesday
Stock On IT
Information
technology stocks had a good outing. With stocks from realty, automobile and
healthcare sectors too bouncing back from their lows, the market staged a smart
recovery in the final hour, but still ended the day on a negative note. Rail
related stocks were in demand amid speculation the government will soon allow
FDI in railways. Capital goods, power and metal stocks closed weak. FMCG stocks
ended on a mixed note.
For
Latest Indian Equity Market Tips,Equity Trading Tips,Equity Tips, Stock Tips or
Stock Tips Provider Visit Our Site-http://www.capitalheight.com/stock-cash-premium.php or
call- at 0731-6615050
No comments:
Post a Comment