Indian Markets
The BSE benchmark Sensex was choppy in the opening trade following mixed Asian cues. The 30-share BSE Sensex fell 2.6 points to 16,773.29 and the 50-share NSE Nifty was down just 0.15 points at 5,030.30.
Indian markets fell for the fifth consecutive session on Wednesday due to lack of clarity in the financial issues related to Greece & Italy. The Nifty witnessed huge volatility in the last couple of hours of trade as it tried twice to attempt full recovery but could not make it. While the BSE Sensex finally closed 107 pts or 0.6% lower at 16,776, the Nifty lost 38 pts or 0.8% to close at 5,030
US Markets
Dow Jones dropped 191 points, or 1.6%; S&P 500 lost 21 points, or 1.7%; and the Nasdaq composite fell 47 points, or 1.7%.
All the Indian ADRS ended in the red except Satyam, which rose by 1.8%. The other IT ADRs ended in the red with Wipro and Infosys losing 3.2% and 2.2% respectively. MTNL and Tata Communications fell by 2.8% and 1.8% respectively. Tata Motors and Dr Reddys ended lower by 1.6% and 1.4% respectively. ICICI Bank and HDFC Bank fell by 2% and 0.4% respectively.
Asian Markets
Today, all the Asian indices are trading in the red except Shanghai, which is marginally in the green. Hang Seng and Strait Times are trading lower by 0.9% and 0.8% respectively. Taiwan and Nikkei are down by 0.3% each while Kospi is down 0.1%.
Commodities
Among the metals, Aluminium and Copper fell by 0.9% while Nickel rose by 0.8%. Zinc ended higher by 0.3%. Oil for December delivery added $3.22 to $102.59 a barrel. Gold futures for December delivery fell $7.90 to $1,774.30 an ounce.
Outlook for Today
Today, we expect the Indian Markets to open in the red on the back of weak global cues and remain weak throughout the session. Among the sectors, IT, Capital Goods, Infrastructure and Oil & Gas stocks look weak
Source- hdfc sec, moneycontrol
No comments:
Post a Comment