Asian stock markets were mixed early Thursday, following flat trading on Wall Street as renewed worries over Europe's banking system and a strong yen weighed on investor sentiment.Japan's Nikkei 225 index ...
If it was Greece's intention to crush the Chinese stock market instead of Europe's, well - it succeeded. Because despite the PBOC and politburo throwing everything but QE at the stock market, China stocks closed down sharply on Thursday after another wild trading day as investors shrugged off regulators' intensified efforts to put a floor under the sliding market, by cutting trading fees and easing margin rules, which has now crashed 25% in about two weeks wiping out $2.5 trillion of the peak $10 trillion in Chinese stock market cap as of June 14.
NEW DELHI: The 50-share Nifty index is expected to open lower on Friday following muted trend seen in other Asian markets. If the index fails to build on the momentum, it may then retest its crucial support level of 8,700 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 6 points higher at 8,717 indicating flat opening on the domestic market. The markets would also react to TCS results for the quarter ended March 31 which came out post market hours on Thursday. Revenue fell for the IT major by 0.8% to $3.9 billion.
NEW DELHI: The 50-share Nifty index is expected to open flat on Thursday following mixed trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological level of 8,350 in trade today. At 08:00 a.m., Nifty India stock futures in Singapore were trading 2 points lower at 8363 indicating a flat opening on the domestic market. Tata Consultancy Services (TCS) which is scheduled to report its results for the quarter ended June 30 will remain in focus today.
Hong Kong (AFP) - Most Asian markets rose on Thursday as dealers took a positive lead from Wall Street and Europe, while the euro held its gains after Greece and its creditors met for crunch talks on reforming its bailout.
By Equitymaster: With selling activity picking up great speed towards the end of the session, indices in the Indian stock markets closed the day deep in the red. Sensex lost to the tune of 405 points (down 2.3%) whereas NSE-Nifty edged lower by 137 points. BSE Mid cap and BSE Small cap indices closed lower by 2.3% and 1.7% respectively. Almost all the stocks on the BSE-Sensex closed the day in the red.