Markets extend losses; Sensex slumps over 400 points
The broader markets, are, however underperforming the larger peers with BSE Midcap and Smallcap indices down by 1.31% and 1.37%, respectively. The market breadth is negative with 1,616 declines against 593 advances on the BSE. Nifty Trading Tips
The India Meteorological Department (IMD) on Tuesday revised its projection of the 2015 monsoon from slightly less than normal to deficient as the El Niño weather phenomenon gained strength, pushing parts of the country to the brink of an expected drought.Meanwhile, India's services activities fell for the first time in 13 months in May as demand remained subdued, showed a widely-tracked HSBC purchasing managers' index (PMI). This, coupled with the news of deficient rains does not augur well as now almost three-fourth of the economy faces problems. PMI was down to 49.6 points in May from 52.4 in April. Jackpot Stocks Trading Tips
The rupee recovered marginally by five paise at 63.77 against the US dollar at Interbank Foreign Exchange after the greenback weakened overseas.All sectors are trading in red on the Sensex with consumer durables and FMCG being the major laggards, losing over 2%. Bankex and Auto have dropped between 0.5-1.5 % on the Sensex. Commodity Market Astrology Tips
Rate-sensitive sectors are also witnessing selling pressure after the Reserve Bank of India at its monetary policy review yesterday signalled that it would await data on monsoon forecast and keep check inflation before any further rate cuts. Stock Market Trading Tips
From the financial space, Axis Bank, ICICI Bank, SBI have lost between 0.5- 1.5% each whereas HDFC twins gained around 1% on the Sensex.Shares of index heavyweight ITC have declined further over 4% on the BSE after reports that Maharashtra government has put a ban on sale of loose cigarettes. Further, ITC has turns ex-dividend today, for dividend of Rs 6.25 per share for the year ended 31 March 2015. Himanshu Tiwari Astrologer Blog
On the gaining side, Coal India is leading the chart on BSE with around 1.6% gains. Other notable gainers on the Sensex are Wipro, Reliance Industries, NTPC, all gaining between 0.7-1.1 % each.
Shares of Adani Enterprise have plunged 80% to Rs 124 on the Bombay Stock Exchange (BSE)on reports stating that the company separated its port and power arm and merged them with Adani Ports and Adani Power business. Financial Astrology
The India Meteorological Department (IMD) on Tuesday revised its projection of the 2015 monsoon from slightly less than normal to deficient as the El Niño weather phenomenon gained strength, pushing parts of the country to the brink of an expected drought.Meanwhile, India's services activities fell for the first time in 13 months in May as demand remained subdued, showed a widely-tracked HSBC purchasing managers' index (PMI). This, coupled with the news of deficient rains does not augur well as now almost three-fourth of the economy faces problems. PMI was down to 49.6 points in May from 52.4 in April. Jackpot Stocks Trading Tips
The rupee recovered marginally by five paise at 63.77 against the US dollar at Interbank Foreign Exchange after the greenback weakened overseas.All sectors are trading in red on the Sensex with consumer durables and FMCG being the major laggards, losing over 2%. Bankex and Auto have dropped between 0.5-1.5 % on the Sensex. Commodity Market Astrology Tips
Rate-sensitive sectors are also witnessing selling pressure after the Reserve Bank of India at its monetary policy review yesterday signalled that it would await data on monsoon forecast and keep check inflation before any further rate cuts. Stock Market Trading Tips
From the financial space, Axis Bank, ICICI Bank, SBI have lost between 0.5- 1.5% each whereas HDFC twins gained around 1% on the Sensex.Shares of index heavyweight ITC have declined further over 4% on the BSE after reports that Maharashtra government has put a ban on sale of loose cigarettes. Further, ITC has turns ex-dividend today, for dividend of Rs 6.25 per share for the year ended 31 March 2015. Himanshu Tiwari Astrologer Blog
On the gaining side, Coal India is leading the chart on BSE with around 1.6% gains. Other notable gainers on the Sensex are Wipro, Reliance Industries, NTPC, all gaining between 0.7-1.1 % each.
Shares of Adani Enterprise have plunged 80% to Rs 124 on the Bombay Stock Exchange (BSE)on reports stating that the company separated its port and power arm and merged them with Adani Ports and Adani Power business. Financial Astrology
posted by Naresh Jain @ 23:19
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