SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
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:   
|
|
|

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

Quick Links

Market News

More legs to rally in banking stocks

Banks with lower CASA franchise, higher long duration bonds to gain more from rate cuts

Sun Pharma, SPARC hit new high on USFDA nod for ELEPSIA XR

SPARC surged 8% to Rs 445, Sun Pharma and Ranbaxy Lab rallied 6% each at Rs 997 and Rs 777 on BSE respectively.

Port shares in focus; Essar Ports, Gujarat Pipavav hits 52-week high

Essar Ports, Gujarat Pipavav Port and Adani Port and SEZ rallied between 4-18% on BSE in intra-day trade.

Eicher Motors rebounds after block deal

The stock up 2% at Rs 16,226, bouncing back 7.4% from its intra-day low of Rs 15,111 on BSE.

Banking shares rally after RBI cuts repo rate

PNB, BOB, Kotak Mahindra Bank, Canara Bank, BOI, Axis Bank, ICICI Bank, HDFC Bank and SBI up 2-3% on NSE.

 

Back to Top