Markets extend losses; metal, capital goods weigh
14/09/2016 11:51
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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At 11:12 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,288.97, down by 64.57 points or 0.23 per cent while the NSE Nifty was at 8,701.85, down by 13.75 points or 0.16 per cent.
Domestic market sentiment dampened on disappointing IIP data which showed that industrial output contracted by 2.4 per cent in July, registering the worst performance in 8 months due to declining output in manufacturing and capital goods sectors, curbing risk taking appetite.
Meanwhile, retail inflation in August eased to a 5-month low of 5.05 per cent.
Markets saw selling pressure mainly in the metal, capital goods and auto sector stocks.
On the global front, Asian markets were trading in the red tracking an overnight slump from Wall Street as investors braced for the prospect of less global monetary stimulus. The US Fed is weighing up options to hike borrowing costs at a time when central banks in Europe and Japan are questioning the need for a further boost to stimulus.
14/09/2016 11:51
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks continued to trade in a negative territory during the late morning deals on Wednesday on disappointing macroeconomic data and tracking weak cues from fellow Asian peers amid worries that global central banks turning less accommodative.At 11:12 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,288.97, down by 64.57 points or 0.23 per cent while the NSE Nifty was at 8,701.85, down by 13.75 points or 0.16 per cent.
Domestic market sentiment dampened on disappointing IIP data which showed that industrial output contracted by 2.4 per cent in July, registering the worst performance in 8 months due to declining output in manufacturing and capital goods sectors, curbing risk taking appetite.
Meanwhile, retail inflation in August eased to a 5-month low of 5.05 per cent.
Markets saw selling pressure mainly in the metal, capital goods and auto sector stocks.
On the global front, Asian markets were trading in the red tracking an overnight slump from Wall Street as investors braced for the prospect of less global monetary stimulus. The US Fed is weighing up options to hike borrowing costs at a time when central banks in Europe and Japan are questioning the need for a further boost to stimulus.
