The selling pressure after the gap-down opening has ceased for the moment on the Nifty. The 50-share index is holding the support of 5300 and the rupee too has managed to bounce back after falling below 64 per dollar mark. The sell-off in Asian markets on concerns over the US Federal Reserve's decision on bond programme was also hurting the Indian equities. The key indices Sensex opened the day at 18142.80, down 325 points and slipped below 18000 key level but gradually trimmed its early losses. On global cues, US stocks lost ground on Monday, with each of the major indexes falling for a fourth straight session, as investors were hesitant to make new bets ahead of an expected shift in Federal Reserve policy that could lead to higher interest rates. Asian market were also under pressure ahead of the Fed decision. Midcap and Small cap on BSE were seen lower with declines of 0.67% and 0.20% respectively. On Sectoral front, all the sectors are trading in red with Consumer durable leading by a decline of 3.41% as we write this.
Further the declining shares outnumbered advancing one by 870 to 640 on BSE, whereas 83 shares are unchanged.
Further the declining shares outnumbered advancing one by 870 to 640 on BSE, whereas 83 shares are unchanged.
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