Business Standard

Markets open on a flat note following muted global cues

FMCG and Metal names among the top losers in the opening trades, Health Care bucks trend

Related News

After a flat opening with a negative bias, edged higher on account of buying in Oil& Gas majors like Reliance Industries and ONGC. At 0945 hrs, the was up 21 points at 19,346 and the added two points at 5,855.

U.S. stocks fell for a second straight day on Thursday and the S&P 500 posted its worst two-day loss since November after reports cast doubt over the health of the U.S. and euro-zone economies.

In Europe, business activity indexes dealt a blow to hopes that the euro zone might emerge from recession soon, showing the downturn across the region's businesses unexpectedly grew worse this month.

The Dow Jones industrial average fell 0.34 percent, to 13,881 at the close. The Standard & Poor's 500 Index lost 0.63 percent, to 1,502. The Nasdaq Composite Index dropped 1.04 percent, to close at 3,131.

Asian shares edged higher on Friday, recouping the previous day's steep losses, as investors reassessed the Federal Reserve's commitment to its current accommodative policy while weak U.S. and European data clouded growth prospects, limiting gains.

Among the sectoral indices, FMCG and Metal indies started in the red, losing 0.1% each. All the others were in the green with Health Care leading gains, up 1.5%.

Read more on:   
|
|

Markets open on a flat note following muted global cues

FMCG and Metal names among the top losers in the opening trades, Health Care bucks trend

Markets open on a flat note following muted global cues
After a flat opening with a negative bias, edged higher on account of buying in Oil& Gas majors like Reliance Industries and ONGC. At 0945 hrs, the was up 21 points at 19,346 and the added two points at 5,855.

U.S. stocks fell for a second straight day on Thursday and the S&P 500 posted its worst two-day loss since November after reports cast doubt over the health of the U.S. and euro-zone economies.

In Europe, business activity indexes dealt a blow to hopes that the euro zone might emerge from recession soon, showing the downturn across the region's businesses unexpectedly grew worse this month.

The Dow Jones industrial average fell 0.34 percent, to 13,881 at the close. The Standard & Poor's 500 Index lost 0.63 percent, to 1,502. The Nasdaq Composite Index dropped 1.04 percent, to close at 3,131.

Asian shares edged higher on Friday, recouping the previous day's steep losses, as investors reassessed the Federal Reserve's commitment to its current accommodative policy while weak U.S. and European data clouded growth prospects, limiting gains.

Among the sectoral indices, FMCG and Metal indies started in the red, losing 0.1% each. All the others were in the green with Health Care leading gains, up 1.5%.
image

Read More

HDFC tumbles after Goldman Sachs downgrade to 'sell'

HDFC tumbles after Goldman Sachs downgrade to 'sell'

Recommended for you

Advertisements

Quick Links

Market News

Lower coupon on new 10-year bond signals interest rates set to fall further

The coupon on the old 10-year bond has come at 7.72%

Govt mulls company law exemptions for global financial services centre

Deemed a 'foreign jurisdiction', catering to international markets, companies in the IFSC would not target domestic consumers

Markets post third straight weekly gain

Rate cut hopes, positive global market bolster scrips, though declines outnumbered gainers

Narayana Murthy to head panel on startup funding platform

The panel will devise rules for a new funding platform for homegrown start-ups

Lupin to replace Tata Power in Sensex; DVRs to make index debut

Tata Motors DVRs to become part of BSE 100, BSE 200 and BSE 500 indices; will be the first DVR to be included in an index

 

Back to Top