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:   
|
|

Read More

HDFC tumbles after Goldman Sachs downgrade to 'sell'

HDFC tumbles after Goldman Sachs downgrade to 'sell'

Quick Links

 

Market News

Grain Board urged for wheat export boost

Wheat export in April-May last year was $475 mn, which came down to $367 mn in the same period this year

Coffee exports decline 5.4% in Jan-Aug

However, exporters' earnings were up 4% to Rs 3,590 cr on higher unit value realisations

BSE-USE merger gets regulatorynod

Two exchanges had agreed to merge with each other in May this year

Sensex, corp earnings set to double in 4 years: BofA-ML

Says Indian Sensex is the best performing market among major global markets so far this year

Nifty ends above 8,000 for the first time on GDP data

Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, to surpass the 8,000 mark

Back to Top