Sensex slips 58 pts; Teck, Auto stocks drag
19/08/2016 14:26
NIFTY Fut : Trend : SELL ZONE
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Indian equity benchmarks extended losses during the afternoon session on Friday amid tracking mixed cues from fellow Asian peers after hawkish comments from some US Federal Reserve officials. Markets saw selling pressure mainly in the Teck and auto sector stocks.
At 2:07 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,065.1, down by 58.34 points or 0.21 per cent while the NSE Nifty was at 8,658.45, down by 14.8 points or 0.17 per cent.
Investors remained on the sidelines as the US monetary policy tightening likely to result in volatility in capital flows to emerging markets such as Asia’s third biggest economy.
Meanwhile, shares of State Bank of India rose over 3 per cent after its board has approved a share swap ratio for merging its associate banks.
On the global front, Asian markets ended mixed on worries over a near-term US rate hike as the Federal Reserve Bank of San Francisco President John Williams stressed that the world’s biggest economy is strong enough to warrant a rise in interest rates soon.
19/08/2016 14:26
NIFTY Fut : Trend : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Indian equity benchmarks extended losses during the afternoon session on Friday amid tracking mixed cues from fellow Asian peers after hawkish comments from some US Federal Reserve officials. Markets saw selling pressure mainly in the Teck and auto sector stocks.
At 2:07 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,065.1, down by 58.34 points or 0.21 per cent while the NSE Nifty was at 8,658.45, down by 14.8 points or 0.17 per cent.
Investors remained on the sidelines as the US monetary policy tightening likely to result in volatility in capital flows to emerging markets such as Asia’s third biggest economy.
Meanwhile, shares of State Bank of India rose over 3 per cent after its board has approved a share swap ratio for merging its associate banks.
On the global front, Asian markets ended mixed on worries over a near-term US rate hike as the Federal Reserve Bank of San Francisco President John Williams stressed that the world’s biggest economy is strong enough to warrant a rise in interest rates soon.
