Indian markets opened with a gap-down Monday as jobs data from the US and as debt crisis in Hungary hurt sentiments. All the sectoral indices were in the red led by metals, realty and auto stocks.
At 9:10 am, Bombay Stock Exchange’s Sensex was at 16736.99, down 380.70 points or 2.22 per cent. The index hit a low of 16686.73 and high of 17069.77 in early trade.
National Stock Exchange’s Nifty was at 5020.45, down 115.05 points or 2.24 per cent. The 50-share index hit a low of 5004.25 and high of 5132.95 in trade so far.
Broader markets were also witnessing selling pressure. BSE Midcap Index fell 2.13 per cent and BSE Smallcap Index moved 2.08 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 3.77 per cent, BSE Metal Index declined 3.74 per cent and BSE Auto Index fell 2.56 per cent.
Hindalco Industries (-5.11%), DLF (-4.58%), Sterlite Industries (-4.31%), Tata Motors (-3.56%), Reliance Infrastructure (-3.51%) were the top Sensex losers.
Reliance Communications (2.82%) and ONGC (1.28%) were the only two gainers.
The Reliance Communications board gave its approval to divestment of 26% in the company to a strategic or private equity investor and exploring merger and acquisition opportunities, the company said in a statement on Sunday.
Shares of oil&gas companies are likely to be in action as empowered group of ministers (EGoM) will meet to discuss deregulation of petrol, diesel and LPG prices today.
Meanwhile, the Asian markets were under pressure following disappointing economic reports from the US and Europe. Nikkei 225 fell 4.01 per cent, Taiwan Weighted was down 2.97 per cent and Hang Seng slipped 2.56 per cnet.
The US markets tumbled Friday on higher than expected unemployment in May's. The Dow Jones Industrial Average dropped 3.15 per cent, the Standard & Poor's 500 Index lost 3.44 per cent and the Nasdaq Composite Index fell 3.64 per cent.
Source http://economictimes.indiatimes.com/Market-News/articleshow/6018700.cms
At 9:10 am, Bombay Stock Exchange’s Sensex was at 16736.99, down 380.70 points or 2.22 per cent. The index hit a low of 16686.73 and high of 17069.77 in early trade.
National Stock Exchange’s Nifty was at 5020.45, down 115.05 points or 2.24 per cent. The 50-share index hit a low of 5004.25 and high of 5132.95 in trade so far.
Broader markets were also witnessing selling pressure. BSE Midcap Index fell 2.13 per cent and BSE Smallcap Index moved 2.08 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 3.77 per cent, BSE Metal Index declined 3.74 per cent and BSE Auto Index fell 2.56 per cent.
Hindalco Industries (-5.11%), DLF (-4.58%), Sterlite Industries (-4.31%), Tata Motors (-3.56%), Reliance Infrastructure (-3.51%) were the top Sensex losers.
Reliance Communications (2.82%) and ONGC (1.28%) were the only two gainers.
The Reliance Communications board gave its approval to divestment of 26% in the company to a strategic or private equity investor and exploring merger and acquisition opportunities, the company said in a statement on Sunday.
Shares of oil&gas companies are likely to be in action as empowered group of ministers (EGoM) will meet to discuss deregulation of petrol, diesel and LPG prices today.
Meanwhile, the Asian markets were under pressure following disappointing economic reports from the US and Europe. Nikkei 225 fell 4.01 per cent, Taiwan Weighted was down 2.97 per cent and Hang Seng slipped 2.56 per cnet.
The US markets tumbled Friday on higher than expected unemployment in May's. The Dow Jones Industrial Average dropped 3.15 per cent, the Standard & Poor's 500 Index lost 3.44 per cent and the Nasdaq Composite Index fell 3.64 per cent.
Source http://economictimes.indiatimes.com/Market-News/articleshow/6018700.cms
No comments:
Post a Comment