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(20-1-2015 - LiveBombayStockExchange) - Bull run continues for Indian stock markets as the build-up for the union finance budget gained some momentum. Benchmark Indian stock indices including the 30 component SENSEX and National Stock Exchange's NIFTY 50 reached all time high's during the day's trade today. Nearly 200 components of
Showing posts with label bse today. Show all posts
Showing posts with label bse today. Show all posts
Tuesday, January 20, 2015
Friday, January 16, 2015
BSE SENSEX | NIFTY close miserly in green
(16/1/2015 StockInvestingTips Bureau) - It turned out to be a lacklustered day for Indian stock markets. Benchmark indices opened in red today as investors booked profits from recent bull run. Soon Sensex recovered and remained rangebound through-out the
Thursday, January 15, 2015
Indian Stock markets in off-beat mood as RBI cut rates
(15/1/2015 - StockInvestingTips Bureau) - It turned out to be surprisingly good day for Indian stock markets today. Sudden reduction in repo rates by RBI from current 8 percent to 7.75 pts, a reduction by 25 basis points. provided much needed boost to investor sentiments. It came in as a surprise as any decision on repo rate was to be announced by RBI on february 3, 2015. Special thanks to falling oil prices, which helped in easing inflation.
It should be noted that it is first repo rate cut of 2015 and first since may 2013. Bombay Stock Exchange's benchmark index SENSEX anded the day at 28075.55 pts, up by a whopping 728.73 pts which is a increase of 2.5 percent. Similarly broader index NIFTY 50 also closed up by 216.60 pts at 8494.15 pts. Realty sector was happiest as optimism about fall in home loan prices rose.
It should be noted that it is first repo rate cut of 2015 and first since may 2013. Bombay Stock Exchange's benchmark index SENSEX anded the day at 28075.55 pts, up by a whopping 728.73 pts which is a increase of 2.5 percent. Similarly broader index NIFTY 50 also closed up by 216.60 pts at 8494.15 pts. Realty sector was happiest as optimism about fall in home loan prices rose.
Wednesday, January 14, 2015
Weak global cues hits Indian Investor sentiments
(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.
Tuesday, January 13, 2015
Indian stock markets decline as investors book profits
Greetings from StockInvestingTips, your one stop website for daily stock market tips and updates from Indian stock markets.
Major Indian stock indices including Bombay Stock Exchange's benchmark SENSEX and National Stock Exchange's NIFTY 50 index closed in red today as investors booked profits from previous rallies. Falling oil prices also lowered investor sentiment.
The 30 component BSE's SENSEX ended the day at 27425.73, down by 159.54 points. National Stock Exchange's broader index NIFTY ended the day at 8299.40, declining by 28.30 points today.
All the sectoral indices remained in red with healthcare and FMCG sector indices only the exceptions. Crude oil is all set to fall further as OPEC has decided against the output cut, probably they can sustain their economies until US starts feeling pinch of increased production cost of shale oil. Oil is all set to fall until mid of 2015 with price predicted to touch as low as 30 USD per barrel.
Major Indian stock indices including Bombay Stock Exchange's benchmark SENSEX and National Stock Exchange's NIFTY 50 index closed in red today as investors booked profits from previous rallies. Falling oil prices also lowered investor sentiment.
The 30 component BSE's SENSEX ended the day at 27425.73, down by 159.54 points. National Stock Exchange's broader index NIFTY ended the day at 8299.40, declining by 28.30 points today.
All the sectoral indices remained in red with healthcare and FMCG sector indices only the exceptions. Crude oil is all set to fall further as OPEC has decided against the output cut, probably they can sustain their economies until US starts feeling pinch of increased production cost of shale oil. Oil is all set to fall until mid of 2015 with price predicted to touch as low as 30 USD per barrel.
Wednesday, December 17, 2014
SENSEX | NIFTY continue in decline mode
Welcome to StockInvestingTips, your one stop website for daily updates from Indian stock markets.
Downward trend of major Indian stock indices continued today as benchmerk indices including BSE's SENSEX and NSE's NIFTY ended the day in red. Bombay Stock Exchange's SENSEX has already lost 1900 points in this month and with weak global economic sentiments,it is set to decline further.
The S&P BSE Sensex closed down by 71.31 points at 26,710.13. The 30 component index hit a low of 26,469.42 and a high of 26,871.91 in days trade.
Broader index NSE's Nifty declined by 37.80 points at 8029.80. The index hit a low of 7,961.35 and a high of 8,082 in day's trade today.
News about LIC purchasing stocks helped in improving investor confidence and key stock indices gained towards end of day after falling by over 250 points today.
Downward trend of major Indian stock indices continued today as benchmerk indices including BSE's SENSEX and NSE's NIFTY ended the day in red. Bombay Stock Exchange's SENSEX has already lost 1900 points in this month and with weak global economic sentiments,it is set to decline further.
The S&P BSE Sensex closed down by 71.31 points at 26,710.13. The 30 component index hit a low of 26,469.42 and a high of 26,871.91 in days trade.
Broader index NSE's Nifty declined by 37.80 points at 8029.80. The index hit a low of 7,961.35 and a high of 8,082 in day's trade today.
News about LIC purchasing stocks helped in improving investor confidence and key stock indices gained towards end of day after falling by over 250 points today.
Tuesday, December 16, 2014
SENSEX drops more then 500 points as Global Stocks decline
Welcome to StockInvestingTips, your one stop blog for daily updates from Indian stock markets.
Benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY declines by nearly 2 percent today as weak global sentiments and strong US dollar made Financial institutions to take out money from BRICS stock markets for investing in some less riskier options.
The 30 component BSE's SENSEX ended the day at 26781.44 down by 538.12 points, whereas broader index NSE's NIFTY closed lower by 152 points at 8067 level. All of the BRICS nations are feeling the heat as China which is biggest of the group reported declining industrial output on weak demand and India too would feel the heat in coming months.
INR declined wrto USD and ended the day at 63.53/USD and is all set to breach 65/USD mark in coming days. Meanwhile crude oil dropped below $60 per barrel mark today and closed at $59/barrel and is predicted to fall till second quarter of 2015.
Indian Stock markets shall see Foreign investors taking out their money from the markets in coming days and we will see correction in Indian stock markets in coming days.
Benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY declines by nearly 2 percent today as weak global sentiments and strong US dollar made Financial institutions to take out money from BRICS stock markets for investing in some less riskier options.
The 30 component BSE's SENSEX ended the day at 26781.44 down by 538.12 points, whereas broader index NSE's NIFTY closed lower by 152 points at 8067 level. All of the BRICS nations are feeling the heat as China which is biggest of the group reported declining industrial output on weak demand and India too would feel the heat in coming months.
INR declined wrto USD and ended the day at 63.53/USD and is all set to breach 65/USD mark in coming days. Meanwhile crude oil dropped below $60 per barrel mark today and closed at $59/barrel and is predicted to fall till second quarter of 2015.
Indian Stock markets shall see Foreign investors taking out their money from the markets in coming days and we will see correction in Indian stock markets in coming days.
Wednesday, June 11, 2014
Indian stock markets decline on profit booking
[11/6/2014] Indian stock indices declined today as investors booked profits, thus ending a 4 day winning streak. 30 component benchmark SENSEX declined by 110 points today and ended the day at 24,473.89 points. NSE's NIFTY 50 declined by 29.55 points to close at 7626.85 points. Investors booked profits from power, metal and consumer durable stocks, which led the list of losers. BSE's Realty index declined by 4.21 percent today.
Tuesday, June 10, 2014
Indian stock markets closes flat | Realty index declines 3 perc
[10/6/14] Benchmark Indian stock indices including SENSEX and NSE's NIFTY 50 both ended the day almost flat.
IT and Pharma sector led the gainers list. 30 component SENSEX closed up by just 3.48-point at 25,583.69. 14 out of 30 components of SENSEX closed higher while 16 of them declined today.
National Stock Exchange's NIFTY 50 closed up by 1.80 points at 7,656.40 . Indian stock indices are highly overpriced at the moment and correction might be around the corner, probably union budget would be trigering point for correction. Sector-wise consumer durables index gained the most by rising 3.55 percent, followed by IT by 2.32 percent and healthcare index by 1.97 percent. On other hand Realty index suffered the most by closing 2.96 percent down, PSU index closed lower by 1.28 percent and oil and gas index declined by 0.96 percent.
National Stock Exchange's NIFTY 50 closed up by 1.80 points at 7,656.40 . Indian stock indices are highly overpriced at the moment and correction might be around the corner, probably union budget would be trigering point for correction. Sector-wise consumer durables index gained the most by rising 3.55 percent, followed by IT by 2.32 percent and healthcare index by 1.97 percent. On other hand Realty index suffered the most by closing 2.96 percent down, PSU index closed lower by 1.28 percent and oil and gas index declined by 0.96 percent.
Monday, June 9, 2014
SENSEX | NIFTY closes at record high as speculations about Union Budget rise
[9/6/14] As the days for preesentation of Union Finance budget approaches near and industry awaits maiden budget by finance minister Arun jaitely, speculations in Indian stock markets are already on rise. President Pranab Mukherjee's address to new parliament raised some hope about a budget targeting lower fiscal deficit, thus there might be some cuts in subsidies.
Benchmark Indian stock indices including Bombay Stock Exchange's 30 component SENSEX and National Stock Exchange's NIFTY 50 ended the day at all-time high closing rate. Most followed SENSEX closed today at 25,549.97, up 153.51 points, Index touched an all-time intraday high of 25,644.77 today. While NSE's NIFTY 50 closed at 7,645.80, up 62.40 points, touching an all-time intraday high of 7,673.70 today. Only loser was the oil and gas index which declined by 0.42 percent today. Market breadth was positive on the NSE with 1126 gainers against 434 losers.
As the speculations about Union finance budget keeps on rising, Indian indices might keep moving upwards till the budget is presented, There would be probably correction after budget is presented.
Benchmark Indian stock indices including Bombay Stock Exchange's 30 component SENSEX and National Stock Exchange's NIFTY 50 ended the day at all-time high closing rate. Most followed SENSEX closed today at 25,549.97, up 153.51 points, Index touched an all-time intraday high of 25,644.77 today. While NSE's NIFTY 50 closed at 7,645.80, up 62.40 points, touching an all-time intraday high of 7,673.70 today. Only loser was the oil and gas index which declined by 0.42 percent today. Market breadth was positive on the NSE with 1126 gainers against 434 losers.
As the speculations about Union finance budget keeps on rising, Indian indices might keep moving upwards till the budget is presented, There would be probably correction after budget is presented.
Friday, June 6, 2014
Upward momentum of SENSEX | NIFTY continues up by 1.5 perc
[6/6/2014] Greetings from StockInvestingTips - Upward trend of benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY 50 closed up by nearly 1.5 percent today. SENSEX touched a all time high of 25419 points during day's trade today.
30 component SENSEX closed at 25,396.46 points up by 376.95 points, while broader index NSE's NIFTY ended the day's proceedings at 7583.40 points up by 109.30 pts. Other main thing to notice is that 770 listed companies at Bombay Stock Exchange reached 52 week high today
30 component SENSEX closed at 25,396.46 points up by 376.95 points, while broader index NSE's NIFTY ended the day's proceedings at 7583.40 points up by 109.30 pts. Other main thing to notice is that 770 listed companies at Bombay Stock Exchange reached 52 week high today
Thursday, June 5, 2014
SENSEX closes above 25K for first time ever | NIFTY gains
[5/6/2014] Major Indian Stock Indices indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's CNX NIFTY 50 closed higher today as Foreign investors made fresh purchases of Metals, Power and Oil and Gas sector stocks. It is first time in hhistory of Bombay Stock Exchange that SENSEX is closing above the 25K mark.
The 30-share BSE SENSEX ended the day at 25,019.51, up by 213.68 points, The index hit high of 25,044.06 during day's trade today. Almost all of the sectors gained today with shares of metal, oil and gas, power, PSUs, FMCG and IT leading the list of gainers.
The 50-share broader index NSE Nifty ended the day up by 71.85 points at a new peak of 7,474.10 . Foreign Institutional investors purchased stocks worth 192 crores today. Indian stock indices might remain in upward direction until union budget is presented in parliament.
The 30-share BSE SENSEX ended the day at 25,019.51, up by 213.68 points, The index hit high of 25,044.06 during day's trade today. Almost all of the sectors gained today with shares of metal, oil and gas, power, PSUs, FMCG and IT leading the list of gainers.
The 50-share broader index NSE Nifty ended the day up by 71.85 points at a new peak of 7,474.10 . Foreign Institutional investors purchased stocks worth 192 crores today. Indian stock indices might remain in upward direction until union budget is presented in parliament.
Wednesday, June 4, 2014
Indian Stock Indices decline on profit bookings
[4/6/2014] Major Indian stock indices including the Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY 50 closed lower today as investors booked profits after reaching the record high. IT , FMCG and Oil and Gas sector saw selling and led the list of losers at the Stock markets across country.
The 30 component Bombay Stock Exchange's SENSEX opened higher today, however profit booking ended the day at 24,805.83, down by 52.76 points. It touched a day's low of 24,773.93 points today. BSE's IT index was down by 1.27 percent, BSE's Oil and Gas index down by 1.01 percent, FMCG index declined by .23 percent today.
The broad-based NSE's CNX NIFTY 50 also slipped from record high closing by losing 13.60 points end at 7,402.25 points today.
The 30 component Bombay Stock Exchange's SENSEX opened higher today, however profit booking ended the day at 24,805.83, down by 52.76 points. It touched a day's low of 24,773.93 points today. BSE's IT index was down by 1.27 percent, BSE's Oil and Gas index down by 1.01 percent, FMCG index declined by .23 percent today.
The broad-based NSE's CNX NIFTY 50 also slipped from record high closing by losing 13.60 points end at 7,402.25 points today.
Monday, June 2, 2014
[2/6/14] Speculation over RBI meet boosts Investor sentiments, SENSEX , NIFTY rise
Greetings from StockInvestingtips.in, your one stop blog for daily updates about Indian stock markets. Major Indian Stock indices including BSE's SENSEX and National Stock Exchange's NIFTY ended the day on positive note today. Indian Stock markets saw purchasing activity through out the day as investors speculations increased over upcoming meeting of Reserve Bank of India.
The 30 component BSE's SENSEX index closed at 24,687.81, up 470.47 points. The most watched Indian stock index touched a day's high of 24709.09 points, whereas NSE's broader index NIFTY ended the day at 7,356.85, up by 126.90 points. It touched a low of 7,239.50 during day's trade. The S&P BSE Midcap Index closed up by 2.28 percent and the S&P BSE Smallcap Index also up by 2.05 percent at close. However S&P BSE FMCG Index closed down by 0.98 percent and the S&P BSE Healthcare Index also closing lower by 0.99 percent today.
The 30 component BSE's SENSEX index closed at 24,687.81, up 470.47 points. The most watched Indian stock index touched a day's high of 24709.09 points, whereas NSE's broader index NIFTY ended the day at 7,356.85, up by 126.90 points. It touched a low of 7,239.50 during day's trade. The S&P BSE Midcap Index closed up by 2.28 percent and the S&P BSE Smallcap Index also up by 2.05 percent at close. However S&P BSE FMCG Index closed down by 0.98 percent and the S&P BSE Healthcare Index also closing lower by 0.99 percent today.
Thursday, May 29, 2014
[29.5.14] - BSE SENSEX | NIFTY ends lower on selling pressure
It turned out to be not a good day for almost all Indian stock indices as Stock markets witnessed heavy selling pressure as may end nears. Benchmark stock indices including Bombay Stock Exchange's SENSEX ended the day at 24,234.15, down 321.94 points The most watched index touched a high of 24,528.20 and a low of 24,206.50 during the day's trade today. Broader index NSE's NIFTY closed at 7,246.70, down 82.95 points. The broader index touched a high of 7,325.40 and a low of 7,224.40 during the day's trade today.
Almost all the sectoral indices at Bombay Stock Exchange ended the day in red. Infosys led the pack of losers as it closed down by nearly 7 percent after market reacted negatively on yet another high profile exit from the board of the second biggest IT company. Only BSE's Healthcare index closed up by mere 0.02 percent today.
Almost all the sectoral indices at Bombay Stock Exchange ended the day in red. Infosys led the pack of losers as it closed down by nearly 7 percent after market reacted negatively on yet another high profile exit from the board of the second biggest IT company. Only BSE's Healthcare index closed up by mere 0.02 percent today.
Wednesday, May 28, 2014
Indian Stock Markets closes flat as investors remain clueless
As the freshness of Narendra Modi appointed as Prime minister of India begins to lessen, Indian stock investors looked clueless today in choosing the stock to invest into. As a result benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY ended flat today, Dalal street saw sparse selling and purchasing intensity.
30 component BSE's SENSEX closed up by 6.58 points at 24,556.09. The index fluctuated between high of 24,643.33 and low of 24,488.81 in day's trade today. National Stock Exchange index Nifty 50 ended up by 11.65 points at 7,329.65 after touching day's high of 7,344.75 and a low of 7,302.60. 16 out of 30 SENSEX components remained in green and 14 closed lower.
30 component BSE's SENSEX closed up by 6.58 points at 24,556.09. The index fluctuated between high of 24,643.33 and low of 24,488.81 in day's trade today. National Stock Exchange index Nifty 50 ended up by 11.65 points at 7,329.65 after touching day's high of 7,344.75 and a low of 7,302.60. 16 out of 30 SENSEX components remained in green and 14 closed lower.
Tuesday, May 27, 2014
Benchmark Indian stock indices ends in red on profit booking
StockInvestingTips serviceBenchmark Indian Stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY 50 ended the day in red today as investors booked profits from banking stocks and other stocks after helping markets in reaching record high on a strong and stable election results. 21 out of 30 SENSEX components closed lower today.
The 30 component BSE's SENSEX closed the day at 167.37 points at 24,549.51 The index reached intraday high of 24,777.31 and low of 24,422.33, while the broader index National Stock Exchange's NIFTY also closed lower by 41.05 points at 7318.00 . Only good news about economy coming today is that the fiscal account deficit remained at 1.17 percent of GDP. Meanwhile Indian rupee fell below 59/USD mark today.
The 30 component BSE's SENSEX closed the day at 167.37 points at 24,549.51 The index reached intraday high of 24,777.31 and low of 24,422.33, while the broader index National Stock Exchange's NIFTY also closed lower by 41.05 points at 7318.00 . Only good news about economy coming today is that the fiscal account deficit remained at 1.17 percent of GDP. Meanwhile Indian rupee fell below 59/USD mark today.
Thursday, August 29, 2013
Indian Stock Indices rise but still long way to go before fully recovering
Greetings from StockInvestingTips, your one stop website for daily updates and analysis about Indian stock indices including SENSEX and NIFTY.
Indian stock markets witnessed some heavy purchasing activity as Oil and Gas sector stocks led the list of gainers today as RBI said that it would give USD directly to the oil marketing companies for purchasing activities. The Bombay Stock Exchange's 30 component SENSEX closed 405 points up at 18401.04. National Stock Exchange's NIFTY 50 also closed higher by 125 points today at 5409.05 points.
Almost all of the sectoral indices closed in green at BSE with oil and gas sector index ending the day higher by 2.86 percent from yesterday's close at 8,094.62, followed by metal index closed up by 2.38 percent, whereas FMCG index closed higher by 2.29 percent and capital goods index rose by 2.20 percent.
Still Indian economy and stock markets have long way to go before it erases the crash post the sudden fall in INR valuation, rupee closed the day at 66.6/USD, Gold gained 297 points, hence providing slight hint that stock purchase might have been done by speculators and Markets might fall tomorrow on profit booking.
Indian stock markets witnessed some heavy purchasing activity as Oil and Gas sector stocks led the list of gainers today as RBI said that it would give USD directly to the oil marketing companies for purchasing activities. The Bombay Stock Exchange's 30 component SENSEX closed 405 points up at 18401.04. National Stock Exchange's NIFTY 50 also closed higher by 125 points today at 5409.05 points.
Almost all of the sectoral indices closed in green at BSE with oil and gas sector index ending the day higher by 2.86 percent from yesterday's close at 8,094.62, followed by metal index closed up by 2.38 percent, whereas FMCG index closed higher by 2.29 percent and capital goods index rose by 2.20 percent.
Still Indian economy and stock markets have long way to go before it erases the crash post the sudden fall in INR valuation, rupee closed the day at 66.6/USD, Gold gained 297 points, hence providing slight hint that stock purchase might have been done by speculators and Markets might fall tomorrow on profit booking.
Tuesday, August 27, 2013
INR at 66+/USD | SENSEX all set to breach 15K mark in coming months
Greetings from StockInvestingTips, your one stop website for daily updates and analysis about Indian stock markets.
Benchmark Indian stock indices including the 30 component BSE's SENSEX and National Stock Exchange's NIFTY index closed below the 18k and 5300 mark today as INR fell below record 66/USD today and is all set to fall further at 72 level in coming months. With economy looking in doldrums and Financial system/policy making in complete collapse , it looks like value of INR is not finally controlled by the country itself and is remotely owned by the US. As more dollars move out of India back to USA, Indian economists busy in preparation for wooing voters for 2014 elections, Future for the country of 1.2 billion looks very gloomy.
With government rising the oil prices and all set to raise the price of diesel by whopping INR 5 per litre in coming days and at the same time passing the food security bill, thus contradicting it's own effort of curtaining fiscal deficit to under 5 percent. The financial system of the country is on brink of collapse. Food inflation is consistently at 10 percent levels.
BSE's SENSEX ended the day at 17,968.08, down 590.05 points. National Stock Exchange's NIFTY 50 index closed the day's proceedings at 5,287.45, down 189.05 points.
Benchmark Indian stock indices including the 30 component BSE's SENSEX and National Stock Exchange's NIFTY index closed below the 18k and 5300 mark today as INR fell below record 66/USD today and is all set to fall further at 72 level in coming months. With economy looking in doldrums and Financial system/policy making in complete collapse , it looks like value of INR is not finally controlled by the country itself and is remotely owned by the US. As more dollars move out of India back to USA, Indian economists busy in preparation for wooing voters for 2014 elections, Future for the country of 1.2 billion looks very gloomy.
With government rising the oil prices and all set to raise the price of diesel by whopping INR 5 per litre in coming days and at the same time passing the food security bill, thus contradicting it's own effort of curtaining fiscal deficit to under 5 percent. The financial system of the country is on brink of collapse. Food inflation is consistently at 10 percent levels.
BSE's SENSEX ended the day at 17,968.08, down 590.05 points. National Stock Exchange's NIFTY 50 index closed the day's proceedings at 5,287.45, down 189.05 points.
Wednesday, August 21, 2013
Mayhem at Dalaal street continues | INR all set to hit 65 by this weekend
Greetings from LiveBombayStockExchange, your one stop website for daily updates and analysis from Indian stock indices.
Bloodbath at Dalaal street and major Indian stock indices continued as falling rupee played havoc and prevented fresh buying, All the sectoral indices closed down as investors took out their money for investing in tangible assets like gold, silver and Forex. Indian stock markets shall continue downward trend and INR is all set to reach 70/USD mark in couple of months time from now(as predicted by top banks). It may touch this mark a little earlier as economy remains fundamentally weak, government is preparing for 2014 elections instead of working for stabilizing the economy. FII's are reluctant to come as there is no assurance of investor friendly policies. Investor sentiments are hampered further with government effort to sell stake in PSU's to foreign players, but none of FII's have expressed any sort of interest in it.
Bloodbath at Dalaal street and major Indian stock indices continued as falling rupee played havoc and prevented fresh buying, All the sectoral indices closed down as investors took out their money for investing in tangible assets like gold, silver and Forex. Indian stock markets shall continue downward trend and INR is all set to reach 70/USD mark in couple of months time from now(as predicted by top banks). It may touch this mark a little earlier as economy remains fundamentally weak, government is preparing for 2014 elections instead of working for stabilizing the economy. FII's are reluctant to come as there is no assurance of investor friendly policies. Investor sentiments are hampered further with government effort to sell stake in PSU's to foreign players, but none of FII's have expressed any sort of interest in it.
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