Business Standard

Pre-Market: Markets likely to extend losses

Global cues negative

Related News

The are likely to extend their losses in trade today tracking global cues.

Overnight, US markets edged down as government bond yields fell as Eurozone officials met to discuss the debt crisis. The Dow Jones industrial average was down 21 points at 13,182.

In Asia, weakness persisted with the Nikkei and Hang Seng down 0.8 per cent each. South Korea's Seoul Composite droppped 1 per cent to 1,923.

Back home, the is likely to seek support around 5,400 – 5,390, while it can face resistance around 5,425 – 5,435 levels,
technical analysts suggest. At 710 am Indian Standard Time, the SGX Nifty was trading at 3448 - up eight points.

Among individual stocks, keep a tab on United Spirits. According to reports, Diageo could announce acquisition of United Spirits today when they meet for quarterly numbers.

Hindustan Zinc may also be in focus today on reports that Vedanta Group may shell out up to 25 per cent more than planned earlier, for buying the Government's remaining stakes in the company.

Larsen & Toubro has sought shareholders' approval to raise up to 3,200 crore through sale of equity or other securities from public and institutional investors.

Alstom India has bagged a 700 crore contract, to be implemented alongwith BHEL, for supplying power equipment for Nuclear Power
Corporation's plant in Rajasthan.

Read more on:   
|
|
|

Pre-Market: Markets likely to extend losses

Global cues negative

The markets are likely to extend their losses in trade today tracking global cues.

The are likely to extend their losses in trade today tracking global cues.

Overnight, US markets edged down as government bond yields fell as Eurozone officials met to discuss the debt crisis. The Dow Jones industrial average was down 21 points at 13,182.

In Asia, weakness persisted with the Nikkei and Hang Seng down 0.8 per cent each. South Korea's Seoul Composite droppped 1 per cent to 1,923.

Back home, the is likely to seek support around 5,400 – 5,390, while it can face resistance around 5,425 – 5,435 levels,
technical analysts suggest. At 710 am Indian Standard Time, the SGX Nifty was trading at 3448 - up eight points.

Among individual stocks, keep a tab on United Spirits. According to reports, Diageo could announce acquisition of United Spirits today when they meet for quarterly numbers.

Hindustan Zinc may also be in focus today on reports that Vedanta Group may shell out up to 25 per cent more than planned earlier, for buying the Government's remaining stakes in the company.

Larsen & Toubro has sought shareholders' approval to raise up to 3,200 crore through sale of equity or other securities from public and institutional investors.

Alstom India has bagged a 700 crore contract, to be implemented alongwith BHEL, for supplying power equipment for Nuclear Power
Corporation's plant in Rajasthan.

image

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

Recommended for you

Advertisements

Quick Links

Market News

Sensex drops 297 points to end below 27,450; Infosys slumps 6%

The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.

Nifty ends 77 points lower; Infosys' Q4 earnings weigh

The 30-share Sensex provisionally ended down 252 points at 27,483 and the 50-share Nifty ended down 77 points at 8,321.

Gold recovers on wedding season demand, global cues

Metal adds Rs 190 to Rs 27,190 per 10 grams in National Capital, Silver up Rs 250 to Rs 36,500 per kg

Cairn India rebounds from 52-week low

The moved higher by 3% to Rs 221,bouncing back 9% from its 52-week low of Rs 202 touched on the NSE in early morning trade.

CNX IT index drops 3%; Infosys hits three-month low

Infosys,Tech Mahindra, Rolta India, Polaris Consulting, Tata Elxsi and KPIT Techno were down 4%-9% on the NSE.

 

Back to Top