Post Session- Sensex snaps 6-day winning streak on profit booking
20/08/2014 16:20
The key domestic benchmarks closed lower today as the Sensex retreated from a record high, snapping a six-day winning run as investors and speculators booked profits after the stellar rally. The Sensex lost over 100 points driven by losses in Oil & Gas, and PSU stocks. On the economic front, a leading index gauging the Indian economy fell slightly in the month of July, clouding the outlook for Asia’s third biggest economy. The Conference Board Leading Economic Index (LEI) for India fell by 0.2 per cent to 182.7 in July over the previous month, the Conference Board said in a report on Wednesday.
Asian stocks ended mixed as caution persisted ahead of the FOMC minutes in which the Fed may signal the timing of raising interest rates in the US. China’s Shanghai Composite fell amid caution ahead of factory data tomorrow which may show that China’s manufacturing may have expanded for the third month in August. Hang Seng rose while Japan’s Nikkei 225 ended lower even as Japanese exports snapped a two-month contraction streak, up 3.9 per cent year on year in July 2014.
The BSE SENSEX closed at 26,314.29, down by 106.38 points or by 0.4o per cent and the NSE Nifty ended at 7,875.3, down by 22.2 points or by 0.28 per cent.
20/08/2014 16:20
The key domestic benchmarks closed lower today as the Sensex retreated from a record high, snapping a six-day winning run as investors and speculators booked profits after the stellar rally. The Sensex lost over 100 points driven by losses in Oil & Gas, and PSU stocks. On the economic front, a leading index gauging the Indian economy fell slightly in the month of July, clouding the outlook for Asia’s third biggest economy. The Conference Board Leading Economic Index (LEI) for India fell by 0.2 per cent to 182.7 in July over the previous month, the Conference Board said in a report on Wednesday.
Asian stocks ended mixed as caution persisted ahead of the FOMC minutes in which the Fed may signal the timing of raising interest rates in the US. China’s Shanghai Composite fell amid caution ahead of factory data tomorrow which may show that China’s manufacturing may have expanded for the third month in August. Hang Seng rose while Japan’s Nikkei 225 ended lower even as Japanese exports snapped a two-month contraction streak, up 3.9 per cent year on year in July 2014.
The BSE SENSEX closed at 26,314.29, down by 106.38 points or by 0.4o per cent and the NSE Nifty ended at 7,875.3, down by 22.2 points or by 0.28 per cent.
