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(Jan 14, 2015, StockInvestingTips Bureau) - Indian investor sentiment continues to remain low as benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY 50 ended again in red today. Weak global sentiments have fed stock market bears all over the world and Indian stock markets are no different. Dwindling oil prices have put pressure on Oil and Gas sector as the stock prices of oil companies are falling after flooding of shale oil by USA across the globe.
Why are oil prices falling globally?
30 component SENSEX closed lower by 78.91 points and settled for the day at 27346.82 points. Similarly NSE's NIFTY 50 closed at 8277.55 points, down by 21.85 points. 19 out of 30 components of SENSEX ended in red. ITC led the list of losers today after government agreed to pass strong anti smoking bill. Almost all of the sectoral indices including FMCG index, Realty, banking, oil and gas index, Consumer durables ended in red today whereas IT index ended the day in green.
As global investor sentiment still remains weak we should see more selling in coming days particularly in oil and gas sector stocks.
Why are oil prices falling globally?
30 component SENSEX closed lower by 78.91 points and settled for the day at 27346.82 points. Similarly NSE's NIFTY 50 closed at 8277.55 points, down by 21.85 points. 19 out of 30 components of SENSEX ended in red. ITC led the list of losers today after government agreed to pass strong anti smoking bill. Almost all of the sectoral indices including FMCG index, Realty, banking, oil and gas index, Consumer durables ended in red today whereas IT index ended the day in green.
As global investor sentiment still remains weak we should see more selling in coming days particularly in oil and gas sector stocks.
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