ECONOMY ANALYSIS
- Sensex ends in red on weak global cues; tech, pharma down
- India to raise Rs 50 bn by selling stakes in ITC, L&T, Axis Bank
- RBI to cut rates by 75 bps in 2015: BofA-ML
- Infosys, Tech Mahindra, Mindtree dip on Citi downgrade
- KEC Int up 5% on new orders in T&D, cable, solar businesses
- India plans to raise near 50 billion rupees through ETF by March
MARKET ANALYSIS
- The S&P BSE Sensex ended a volatile session on flat-to-negative note as global markets remained under pressure on concerns of global economic growth. Outflows of dollars from emerging markets including India also added to the woes.
- The International Monetary Fund has cut global growth forecast and that for emerging market economies as a whole. The IMF expects global economy to grow by 3.8 per cent next year, lower than its July forecast of 4 per cent.
- The 30-share index ended at 26,246.79, down 25.18 points or 0.10 per cent. It touched a high of 26,338.31 and a low of 26,150.09 in trade today.
- The Nifty closed at 7,842.70, down 9.70 points or 0.12 per cent. It touched a high of 7,869.90 and a low of 7,815.75 in trade today.
- The market breadth was negative on the BSE with 1343 gainers against 1562 losers.
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