Domestic Markets slump; Rupee closes positive
Domestic Markets slump; Rupee closes positive
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Domestic Market during the day.
Asian markets finished lower with shares in Japan leading the fall. The Nikkei 225 was down 1.11% while China's Shanghai Composite was off 0.95% and Hong Kong's Hang Seng closed lower by 0.69%.
A range bound movement was seen in market with negative influence, as investors were cautios in putting fresh long positions ahead of US job data expected later today.
Sensex ended below 74.59 points or 0.27% at 27,126 from its previous closing of 27,201.49. While NSE closed at 8,323 down 14.70 points or 0.18%. The 30-stock index was negative with 14 advances and 16 declines, and that of 50-stock index recorded 23 advances, 27 declines and 1 remaining unchanged.
The Indian rupee traded positive on Friday trading session. The local currency closed at 67.338 down 0.157 paise or 0.23%.
Shares of telecom sector slumped on BSE index on DoT (Department of Telecommunication) stating that the Comptroller and Auditor General of India (CAG) report has point out six of the leading telecom companies in India understated their revenues. Bharti Airtel was top loser at Rs. 354.40 down by 2.45%. Other major telecom service providers who performed negative were Reliance Communication at Rs. 50.65 (3.43%), Idea Cellular at Rs. 101.90 (2.86%) and Tata Communication marginally down at Rs. 479.35.
European markets are higher today with shares in Germany leading the region. The DAX is up 0.48% while London's FTSE 100 is up 0.13% and France's CAC 40 is up 0.04%.
At 1.34 pm, BSE trades below 81 points at 27,120.70; while NSE down by 18.35 points at 8,319.55.
Commodity Round Up
Sensex holds 27,000 mark amidst sell-off
FMCG index dipped by 147.75 points on NSE index. There was a huge selling pressure in the index. Only Emami and Hindustan Unilever were trading up at Rs. 1,109.15 and Rs. 921.20 respectively.
On Nifty Bank index, IndusInd Bank was the only stock that surged marginally at Rs. 1,108.70 ahead of Q1FY17 earnings. The investors remain positive for the bank by holding their position as first quarter of current fiscal earning are expected to be good.
Nifty Bank was heated by 151 points at 17,934 with all stocks performing red. All stocks were down except IndusInd Bank.
During Friday morning trading session, Sensex and Nifty opened uninspired just like their previous closing. The volatility is muted led by some tumble in FMCG and banking stocks. Sensex was trading below 81 points at 27,120.61; while Nifty at 8,318.80 down by 19 poinst. The 30-stock script was negative with 14 advances and 16 declines. Nifty too recorded a negative status with just 16 advances and 35 declines.
SGX Nifty weak amid mixed global cues
Asian markets are lower today as Chinese, Hong Kong and Japan shares fall. The Shanghai Composite is off 0.69% at 2,996.11, while the Hang Seng is down 0.80% at 20,540.30. The Nikkei 225 also was below 0.39% at 15,217.24.
The rupee was trading stable at 67.375 down by 0.119 paise and 0.18%. The local currency opened at 67.495.
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