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.
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.
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.
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.
Cairo (AFP) - Under pressure from a jihadist insurgency, Egypt's President Abdel Fattah al-Sisi has boosted police and judicial powers with a new anti-terrorism law that also imposes hefty fines for "false" media reports.
MUMBAI: After a sharp correction in previous session, the S&P BSE Sensex is likely to open on a positive note taking cues from other global cues. However, trade may turn rangebound with stock specific movement. IT majors Wipro and HCL Technologies are likely to be in action ahead of quarterly earnings. Indian markets are witnessing selling pressure as domestic and global cues are weighing on sentiment. Weak earnings, tax issues and hurdles in passing the Land Acquisition Bill are likely to build the pressure on bulls.
NEW DELHI: The Sensex has plunged over 1000 points in four trading sessions, including today's decline, on earnings growth concerns, while weak cues across the region also dampened sentiment. The Sensex slipped as much as 446 points in trade on Monday, and is heading towards its lowest close in three weeks, dragged down by losses in technology, realty, FMCG and auto stocks.
Equitymaster submits: Indian stock markets had an extremely weak session today attributed to negative global cues. The BSE-Sensex closed below the psychological 18,000 barrier for the first time since the start of the new financial year 2011-12 (FY12). The markets opened in the red and selling pressure pushed the indices well below the dotted line.