Thursday, January 3, 2019

Nifty breaches 10700; Sensex dives 378 points; Finance, metal stocks weigh


Stock Tips Tomorrow, Share Market Tips, Share Tips, Stock Tips, Live Market Update, MCX Trading Tips, NCDEX Tips, Online Market Update, Stock Trading Tips Tomorrow, Free Intraday Trading Tips
Indian benchmark indices slumped over 1% on Thursday following a selloff in Asian markets, and as investors turned cautious ahead of corporate earnings beginning next week. The Indian rupee weakened against the US dollar for the second session, tracking losses in Asian currencies. The BSE Sensex closed 377.81 points, or 1.05%, down at 35,513.71, and the Nifty 50 ended 120.25 points, or 1.11%, lower at 10,672.25.Among major movers, shares of Dena Bank and Vijaya Bank slumped, while Bank of Baroda shares jumped after BoB announced share swap ratio of their proposed merger. Select auto stocks, including Eicher Motors and M&M, extended losses following disappointing December vehicles sales data.The BSE midcap and smallcap indices fell 1.46% and 1.03%, respectively. All the sectoral indices on BSE, barring FMCG and telecom, posted losses, with metal losing most at over 2%. Oil and gas, basic materials and energy were down over 1.3%.HCL Tech, Titan, Bajaj Auto, Asian Paints, Hindustan Unilever and Bharti Airtel were among the major gainers on the key indices, whereas Eicher Motors, M&M, Vedanta, Tata Steel, HPCL and ONGC were among the top losers.“It’s the anxiety on global front which is haunting our markets now. And it may continue to linger for some time and then earnings season would take over,” said Jayant Manglik, President, Religare Broking Ltd. “Nifty may see fresh fall below 10,650 and the next target could be 10,500.”In global markets, European stocks and US equity-index futures slumped after Apple added to global growth concerns with a cut in its sales outlook. Stocks in Asia were mixed, while there were wild moves in the currency markets as the yen surged. Oil prices slipped nearly 2% amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019.Source- Live Mint

3 comments:

  1. Am here to share my testimony of what a good trusted loan company did for me. My name is Nikita Tanya, from Russian and I’m a lovely mother of 3 kids I lost my funds on trying to get a loan it was so hard for me and my children, I went online to seek for a loan assistance and I fall into the hands of scammed, I was scam over $4,500.00 dollars, all my access where all gone, taken away from me. all hope was lost until one faithful day when I met this friend of mine who recently secured a loan from Le_Meridian Funding Service She introduced me to this honest loan company who helped me get a loan in less that 24 hours which was April 2th 2015 without any stress, I will forever be grateful to Mr Benjamin, for helping me get back on feet again. You can contact them via email: lfdsloans@lemeridianfds.com, they do not know I’m doing this for them, but i just have to do it because a lot of people are out there who are in need of a loan assistance and they have been scammed like me please come to this company and be saved.WhatsApp:(+1 989-394-3740)

    ReplyDelete
  2. Thanks for sharing the information. That’s a awesome article you posted. I found the post very useful as well as interesting. I will come back to read some more Nifty FMCG

    ReplyDelete