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 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.
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.
NEW DELHI: The S&P BSE Sensex pared most of its morning gains and slipped in red in opening trade on Monday, led by losses in L&T, HDFC, Bharti Airtel, TCS and ITC. Tracking the momentum, the 50-share Nifty index also came under pressure and was trading below its crucial psychological level of 8600, weighed down by losses in FMCG, auto, IT, capital goods and oil & gas stocks.
For most of the past five years I've argued that one of the dominant features of this recovery was risk aversion. The Great Recession so scared and shocked the world that risk aversion became exceptionally high.
By Equitymaster: Indian stock markets had a weak outing today as sentiment was mainly negative throughout today's session. Indices opened in the red and continued to trade below the dotted line on profit-booking in index heavyweights. It seems that investors are choosing to play it safe ahead of key announcements next week. Next week will see the announcement of the Union Budget as well as the monetary policy of the Reserve Bank of India (RBI).
A US publisher plans to come out with a book next month featuring a collection of Twitter messages sent during the protests in Egypt that led to the ouster of president Hosni Mubarak.The 160-page book, "Tweets from Tahrir," named for the Cairo square at the epicenter of the anti-government protests, is to be published on April 21 by OR Books.OR Books said the collection "brings together a selection of key tweets in a compelling, fast-paced narrative" and paints "an exhilarating picture of an uprising in real-time."