New Document top_band
 
Business Standard

Markets open soft on global cues

BSE Oil & Gas index down by almost 1%

Read more on:    Sensex | Bse | Nse | Stock Market
Related News

Markets have started the day on a lower note tracking weak Asian cues. At 9:35, the was down 38 points at 16,187 and the Nifty dipped 16 points to 4,906.

Overnight, US stocks and the euro edged lower on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.

Dow Jones industrial average and the Standard & Poor's 500 Index ended down 0.1% each, respectively.

However, Asian shares inched higher on Friday. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%, while Japan's Nikkei stock average opened up 0.6%.

Back home, all the sectoral indices are trading in red zone. Oil & Gas, Metal, PSU and Bankex indices have declined by nearly 1% each. Sectors like Auto, Realty, Technology, Capital Goods, Consumer Durable, Power and Healthcare have slipped marginally.

From the Oil & Gas space, ONGC has declined by over 1%. The stock witnessed significant buying demand yesterday as the subsidy burden on the company would get reduced after the government late Wednesday hiked petrol prices.

Banking and financial shares like HDFC, ICICI Bank, SBI and HDFC Bank have slipped between 0.3-1%. 

IT stocks like Infosys, TCS and Wipro have declined between 0.2-1%.

Other notable losers include Hindalco, JSPL, CIL, Cipla and Sterlite.

On the gaining side telecom major Bharti Airtel is the top Sensex gainer, up over 1%. The company has acquired 49% stake in US telecom major Qualcomm for an initial investment of Rs 907 crore.

Among other shares, Jet Airways has slipped by nearly 2% after posting a consolidated net loss of Rs 354 crore in the March quarter, compared with a loss of Rs 200 crore in the year-ago period.

The market breadth in BSE remains marginally positive with 599 shares advancing and 511 shares declining.

Read more on:   
|
|
|

Read More

Markets post best gains in 3-months on Fed optimism

The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE

Quick Links

 

Market News

QFIs exempted from paying fees to convert to FPI structure

All existing FIIs and their sub-accounts are required to pay $1,000 to obtain registration certificate to act as an FPI

FII inflows hit $5 bn in July; cross $25 bn so for this yr

Market analysts maintain that foreign investors have been betting on the Indian market mainly on account of the reforms agenda of the new govt

Top-seven cos add nearly Rs 77k cr in m-cap

TCS shines the most; ONGC, SBI and ICICI Bank suffered losses

Stock markets may see volatile trading amid derivatives expiry: experts

Markets would also be keenly watching the developments in Ukraine and Israel Crisis and the same would have a considerable effect on global risk ...

Markets retreat from record highs on profit-booking

Heavyweights TCS, HUL, HDFC, RIL led rally over the week; corporate results, Fed meeting among key triggers awaited

Back to Top