Sensex nosedives at open amid global sell-off; rate sensitive stocks drag
12/09/2016 09:32
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices belled the day on bearish note on Monday tracking a slump across markets in Asia as central banks in the world’s biggest economies start to question the benefits of loose monetary policies, curbing risk taking appetite. Uncertainty over the outlook for global monetary policies also spurred volatility in capital flows in emerging market economies. The focus will be on IIP data and retail inflation numbers to be released today which will offer further cues over the health of Asia’s third biggest economy.
At 9:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28405.85, down by 391.4 points or by 1.36 per cent, and the NSE Nifty was at 8745.7, down by 121 points or by 1.36 per cent.
On the sectoral front, all the thirteen indices, barring IT stocks, were trading in red while rate sensitive realty and financial stocks were leading the decline, falling as much as 2.58 per cent and 2.06 per cent respectively.
On the global front, Asian stocks were bleeding in red amid jitters over the outlook for monetary policies in some of the world’s biggest economies. Boston Federal Reserve Bank of President Eric Rosengren urged policymakers to tighten interest rates as waiting too long may overheat the US economy. Traders are also weighing Mario Draghi’s surprise decision to play down the prospect for further stimulus in the Euro area. Shanghai Composite was down over 2 per cent, Hang Seng lost over 2.8 per cent and Japan’s Nikkei 225 shed over 1.7 per cent as a stronger yen hit exporter stocks.
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12/09/2016 09:32
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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At 9:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28405.85, down by 391.4 points or by 1.36 per cent, and the NSE Nifty was at 8745.7, down by 121 points or by 1.36 per cent.
On the sectoral front, all the thirteen indices, barring IT stocks, were trading in red while rate sensitive realty and financial stocks were leading the decline, falling as much as 2.58 per cent and 2.06 per cent respectively.
On the global front, Asian stocks were bleeding in red amid jitters over the outlook for monetary policies in some of the world’s biggest economies. Boston Federal Reserve Bank of President Eric Rosengren urged policymakers to tighten interest rates as waiting too long may overheat the US economy. Traders are also weighing Mario Draghi’s surprise decision to play down the prospect for further stimulus in the Euro area. Shanghai Composite was down over 2 per cent, Hang Seng lost over 2.8 per cent and Japan’s Nikkei 225 shed over 1.7 per cent as a stronger yen hit exporter stocks.
Powered by : Dion Global Solutions Ltd.
