Post Session- Sensex out modest gains amid mixed Asian cues
21/08/2014 16:33
The key domestic benchmarks ended with modest gains on Thursday as the Sensex advanced by 45 points as foreign investors boosted buying in blue-chips amid hopes of a revival in Asia’s third biggest economy. Consumer durables and banking stocks led the gains. All eyes are on the Q1 GDP data to be released next week. Mixed cues from Asian stocks weighed on sentiment, trimming gains in the Sensex.
Asian stocks ended mixed after the US Federal Reserve signaled that it may raise interest rates sooner than earlier anticipated if the employment target is met quicker than expected. China’s Shanghai Composite ended lower after HSBC said that China’s manufacturing gauge dropped to 50.3 this month from 51.7 in July, with a reading above 50 signaling expansion, indicating a worsening slowdown in the world’s second biggest economy. Hang Seng closed down while Japan’s Nikkei 225 ended up as a weaker yen boosted the appeal of exporter stocks.
The BSE SENSEX closed at 26,360.11, up by 45.82 points or by 0.17 per cent and the NSE Nifty ended at 7,891.1, up by 15.8 points or by 0.2 per cent.
21/08/2014 16:33
The key domestic benchmarks ended with modest gains on Thursday as the Sensex advanced by 45 points as foreign investors boosted buying in blue-chips amid hopes of a revival in Asia’s third biggest economy. Consumer durables and banking stocks led the gains. All eyes are on the Q1 GDP data to be released next week. Mixed cues from Asian stocks weighed on sentiment, trimming gains in the Sensex.
Asian stocks ended mixed after the US Federal Reserve signaled that it may raise interest rates sooner than earlier anticipated if the employment target is met quicker than expected. China’s Shanghai Composite ended lower after HSBC said that China’s manufacturing gauge dropped to 50.3 this month from 51.7 in July, with a reading above 50 signaling expansion, indicating a worsening slowdown in the world’s second biggest economy. Hang Seng closed down while Japan’s Nikkei 225 ended up as a weaker yen boosted the appeal of exporter stocks.
The BSE SENSEX closed at 26,360.11, up by 45.82 points or by 0.17 per cent and the NSE Nifty ended at 7,891.1, up by 15.8 points or by 0.2 per cent.
