Markets continue to trade in red; IT, Teck stocks drag
22/08/2016 13:26
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Indian equity benchmarks continued to trade in the negative territory during the afternoon session on Monday as traders indulged in selling mainly in the IT and Teck sector stocks amidst tracking mixed cues from fellow Asian peers.
At 1:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,970.7, down by 106.3 points or 0.38 per cent while the NSE Nifty was at 8,624.65, down by 42.25 points or 0.49 per cent.
Meanwhile, caution prevailed ahead of the US Fed officials annual conference on Friday after hawkish comments from key Fed officials last week on interest rate hike.
Further, the government had announced the appointment of Urjit Patel as the next RBI governor on Saturday, too influenced sentiment at D-Street.
On the global front, Asian markets were mixed amid uncertainty over a near-term US rate hike.
22/08/2016 13:26
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At 1:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,970.7, down by 106.3 points or 0.38 per cent while the NSE Nifty was at 8,624.65, down by 42.25 points or 0.49 per cent.
Meanwhile, caution prevailed ahead of the US Fed officials annual conference on Friday after hawkish comments from key Fed officials last week on interest rate hike.
Further, the government had announced the appointment of Urjit Patel as the next RBI governor on Saturday, too influenced sentiment at D-Street.
On the global front, Asian markets were mixed amid uncertainty over a near-term US rate hike.
