Reuters - The BSE Sensex on Monday posted its worst monthly fall in more than two years, tracking weak global markets as anti-government protests in Egypt led to risk aversion, with inflation and rate rise fears further dampening sentiment.
NEW DELHI: The S&P BSE Sensex plummeted 586.65 points on Tuesday amid weak GDP data and a slump in equity markets the world over, as a contraction in August PMI stoked fears of a sharper slowdown in the Chinese economy. The 30-pack index settled the day 2.23 per cent lower at 25,696.44. The 50-pack Nifty shed 185.45 points, or 2.33 per cent, to close at 7,785.85. Selling was seen across the board, with all the 12 BSE sectoral indices ending in the red. 28 of the 30 Sensex stocks ended the day in red. Hindalco and Axis Bank were the top losers, down 5 per cent each.
NEW DELHI: The domestic stock market will remain closed today on account of Maharashtra Day that is being observed in the financial capital Mumbai. The commodity exchanges too will remain shut, but will resume trading in the evening session. Both NSE and BSE will begin trading on Monday, where a slew of important earnings will be test investors' nerves. So far, the market sentiment remained fragile.
BENGALARU: The BSE Sensex, is set to rise slightly over the next year but remain well below the record highs expected just three months ago, a Reuters poll found. Tracking the sell-off in global stocks, shares have lost about 9 per cent since August and are nearly 7 per cent lower so far in 2015. The poll of more than 35 equity analysts conducted over the past week forecast the Sensex would rise slightly to end this year at 27,500 and reach 29,000 by mid 2016. The index closed on Monday at 25,616.84.
NEW DELHI: The S&P BSE Sensex surged 343 points in trade on Monday to reclaim its crucial psychological level of 28000, after Euro zone leaders reached a unanimous agreement to move forward with a bailout loan for Greece. "Euro summit has unanimously reached agreement. All ready to go for ESM programme for Greece with serious reforms and financial support," European Council President Donald Tusk announced on Twitter, referring to the European Stability Mechanism bailout fund.
Hong Kong (AFP) - Nervous investors dumped high-yielding, risky assets on Tuesday on fears about the global economy, with the Indonesian rupiah and Malaysian ringgit taking a hit and most Asian stock markets retreating.
NEW DELHI: September began on a weak note for the stock market, with the S&P BSE Sensex falling over 700 points in trade on Tuesday, weighed down by weak macro data which came after market hours on Monday. The decline was led by heavy selling in rate-sensitive stocks. Overnight losses in the US market, China growth concerns resurfacing after PMI contracted in August, and a rate hike by US Federal Reserve in September weighed on sentiment. Benchmark stock indices plunged over 6 per cent each in August. Worse, experts fear they are not likely to do any better during the rest of the year.
MUMBAI: Stocks jumped the most in nine months on Monday as weaker-than-expected US jobs data and reports of a revamp of bankrupt state-owned power distribution companies cheered investors. The Sensex recorded its biggest single-day percentage gain in nearly nine months, mirroring gains in Europe and the rest of Asia on hopes the US Federal Reserve may not hike rates in 2015 due to a weak jobs market. But sentiment remains cautious with the Volatility Index — a measure of traders' expectation of near-term risks in the market — closing marginally lower at 19.12 over the previous session.
NEW DELHI: The S&P BSE Sensex plunged over 450 points in trade today on weak GDP and PMI readings. Global cues too were unsupportive. The 50-share Nifty index fell over 1 per cent and was testing its crucial psychological level of 7,850. The domestic GDP growth stood at 7 per cent in the June quarter, data released post the market hours of Monday show. This was lower than 7.5 per cent growth at which the domestic economy grew in the preceding quarter.