Post Session- Sensex ends lower for second day amid weak global
cues
10/09/2014 16:22
The key domestic benchmarks ended lower for a second day on Tuesday as investors and speculators continued to book profits after a record rally in recent sessions when indices hit record highs. Investors treaded the cautious path ahead of IIP and CPI data due later this week which will offer further cues over the health of Asia’s third biggest economy. On the corporate front, the scrip of ICICI Bank advanced over 1.5 per cent after the private sector lender approved 1:5 stock split. A bearish trend in Asian markets also undermined sentiment at Dalal Street as investors grew wary of a quicker than expected US interest rate hike.
Most Asian stocks ended lower tracking a bearish closing at Wall Street as concerns grew that the US Federal Reserve may start tightening monetary policy for the first time since 2008 as it gauges the strength of the world’s biggest economy. China’s Shanghai Composite fell while Hang Seng tumbled after Premier Li Keqiang signaled that money supply growth slowed in August, indicating a deepening gloom in the world’s second biggest economy. Japan’s Nikkei 225 rose as a weaker yen boosted the appeal of exporter stocks.
The BSE SENSEX closed at 27,057.41, down by 207.91 points or by 0.76 per cent, and the NSE Nifty ended at 8,094.1, down by -58.85 points or by 0.72 per cent.
10/09/2014 16:22
The key domestic benchmarks ended lower for a second day on Tuesday as investors and speculators continued to book profits after a record rally in recent sessions when indices hit record highs. Investors treaded the cautious path ahead of IIP and CPI data due later this week which will offer further cues over the health of Asia’s third biggest economy. On the corporate front, the scrip of ICICI Bank advanced over 1.5 per cent after the private sector lender approved 1:5 stock split. A bearish trend in Asian markets also undermined sentiment at Dalal Street as investors grew wary of a quicker than expected US interest rate hike.
Most Asian stocks ended lower tracking a bearish closing at Wall Street as concerns grew that the US Federal Reserve may start tightening monetary policy for the first time since 2008 as it gauges the strength of the world’s biggest economy. China’s Shanghai Composite fell while Hang Seng tumbled after Premier Li Keqiang signaled that money supply growth slowed in August, indicating a deepening gloom in the world’s second biggest economy. Japan’s Nikkei 225 rose as a weaker yen boosted the appeal of exporter stocks.
The BSE SENSEX closed at 27,057.41, down by 207.91 points or by 0.76 per cent, and the NSE Nifty ended at 8,094.1, down by -58.85 points or by 0.72 per cent.
