Markets extend losses; Lupin, Tata Steel shares dip
22/08/2016 10:26
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The key domestic benchmark indices were trading in a negative terrain in the morning trading session on weak cues from Asian markets.
Traders remained jittery as investors chose to take some profits off the table amid hawkish comments from New York Fed President William Dudley and San Francisco Fed President John Williams over US interest-rate increases.
Traders may be getting some encouragement with the appointment of Urjit Patel, a known inflation fighter, as Raghuram Rajan’s successor at the Reserve Bank of India. Patel’s appointment is also an indirect acknowledgment of Raghuram Rajan’s work and legacy.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28020.18 down by 56.82 points or by 0.2 per cent, while the NSE Nifty was at 8646 points, trading lower by 20.9 points or by 0.24 per cent.
On the global front, Asian stocks were trading lower today amid uncertainty whether the US Federal Reserve is readying an interest rate hike this month. US stocks registered small losses in the previous trading session with traders holding their horses ahead of a speech from Federal Reserve chair Janet Yellen at Jackson Hole this week.
22/08/2016 10:26
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NIFTY FUT TREND : SELL ZONE
Traders remained jittery as investors chose to take some profits off the table amid hawkish comments from New York Fed President William Dudley and San Francisco Fed President John Williams over US interest-rate increases.
Traders may be getting some encouragement with the appointment of Urjit Patel, a known inflation fighter, as Raghuram Rajan’s successor at the Reserve Bank of India. Patel’s appointment is also an indirect acknowledgment of Raghuram Rajan’s work and legacy.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28020.18 down by 56.82 points or by 0.2 per cent, while the NSE Nifty was at 8646 points, trading lower by 20.9 points or by 0.24 per cent.
On the global front, Asian stocks were trading lower today amid uncertainty whether the US Federal Reserve is readying an interest rate hike this month. US stocks registered small losses in the previous trading session with traders holding their horses ahead of a speech from Federal Reserve chair Janet Yellen at Jackson Hole this week.
