Markets recovering from lower level
The market drifted lower in opening trade, tracking mostly weak global markets.The markets are trading weak but have recovered from some of the loses.
At 12.10 pm the BSE sensex is trading at 13140.70 down by 42 points,while the Nifty index is trading at 3845.55 down by 17.10 points.
Index heavyweight Hindustan Lever was trading at Rs 206.25 up 0.44% from its previous close of Rs 205.35.Index heavyweight Reliance was trading at Rs 1,382.10 down 0.35% from its previous close of Rs 1,387.00.Tech major Infosys was trading at Rs 2,023.20 up 1.55% from its previous close of Rs 1,992.35.Cigarette major ITC was trading at Rs 158.75 down 1.09% from its previous close of Rs 160.50.Refinery major HPCL was trading at Rs 252.85 up 0.04% from its previous close of Rs 252.75.
Asian stocks fell on Thursday (12 April), with Japan's Nikkei posting one of the biggest declines as technology shares slid, dented by concern about the economic outlook for the United States and a rise in oil prices. Minutes of the US Federal Reserve's March meeting, released on Wednesday, hinted at a need for further interest rate increases in the US to fight inflation. Japan’s Nikkei was down 1%. Key benchmark indices in Hong Kong, Singapore, and Taiwan were down between 0.11 - 0.86%.
US stocks fell on Wednesday, as markets faced up to reality that the Federal Reserve may raise interest rates again to quash inflation. The Dow Jones industrial average fell 89.23 points, or 0.71%, to 12,484.62. The Standard & Poor's 500 Index slid 9.52 points, or 0.66%, to 1,438.87. The Nasdaq Composite Index lost 18.30 points, or 0.74%, to 2,459.31.
Rising US interest rates do not bode well for emerging markets, since cash in emerging markets may become a casualty as a result.
At 12.10 pm the BSE sensex is trading at 13140.70 down by 42 points,while the Nifty index is trading at 3845.55 down by 17.10 points.
Index heavyweight Hindustan Lever was trading at Rs 206.25 up 0.44% from its previous close of Rs 205.35.Index heavyweight Reliance was trading at Rs 1,382.10 down 0.35% from its previous close of Rs 1,387.00.Tech major Infosys was trading at Rs 2,023.20 up 1.55% from its previous close of Rs 1,992.35.Cigarette major ITC was trading at Rs 158.75 down 1.09% from its previous close of Rs 160.50.Refinery major HPCL was trading at Rs 252.85 up 0.04% from its previous close of Rs 252.75.
Asian stocks fell on Thursday (12 April), with Japan's Nikkei posting one of the biggest declines as technology shares slid, dented by concern about the economic outlook for the United States and a rise in oil prices. Minutes of the US Federal Reserve's March meeting, released on Wednesday, hinted at a need for further interest rate increases in the US to fight inflation. Japan’s Nikkei was down 1%. Key benchmark indices in Hong Kong, Singapore, and Taiwan were down between 0.11 - 0.86%.
US stocks fell on Wednesday, as markets faced up to reality that the Federal Reserve may raise interest rates again to quash inflation. The Dow Jones industrial average fell 89.23 points, or 0.71%, to 12,484.62. The Standard & Poor's 500 Index slid 9.52 points, or 0.66%, to 1,438.87. The Nasdaq Composite Index lost 18.30 points, or 0.74%, to 2,459.31.
Rising US interest rates do not bode well for emerging markets, since cash in emerging markets may become a casualty as a result.
Labels: Nifty.Sensex
posted by SY at 12:09 PM
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