Market information

The nifty and the sensex plunged over 2% at the closing session on monday due to persistent selling by funds and retail investors owing to weak global cues and continued capital outflows.

Domestic sentiment was also hit as investors remained cautious ahead of RBI's third qtr monetary policy review, quarterly earnings and the outcome of the federal open market committee meet.

The sensex ended at 20707 down 426 points and the nifty ended at 6135 down 130 points.

All bse sectoral indices ended in the red with realty, banking, metal and auto indices posting steep losses of 6.82%, 3.97%, 3.81% and 3.33%, respectively.

Among sensex stocks Tata motors, Tata steel, Icici Bank, Tata power and Maruti were the major losers. HUL, ITC and cipla were the only three sensex stocks that ended in the green.

both European and Asian shares plunged after a rout in emerging market currencies spurred concern the global economic recovery is faltering.

Expectations of continued stimulus withdrawal by the US federal reserve added to the market's gloom. Fed officials are seen cutting the asset purchases by another $10 billion at their regular two day policy meeting beginning on Tuesday.
Share on Google Plus

About Saravana Iyyappan C

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment

0 comments: