At 08.00 hrs Indian Standard Time the SGX Nifty was down 52 points at 5,260.
Markets are likely to extend losses for 5th consecutive trading session tracking global cues.
The markets ended at 11-month closing low yesterday after the rupee touched a fresh all-time low.
The rupee plunged to a record low on heavy dollar demand from importers and as traders fretted over mixed signals from the RBI over its efforts to prop up the currency without choking off economic growth
At 800 hrs Indian Standard Time the SGX Nifty was down 52 points at 5,260.
According to technical experts, the Nifty may seek support around 5,215-5,155, while face resistance around 5,390-5,450.
U.S. stocks ended lower in choppy trading on Wednesday after minutes from the U.S. Federal Reserve's July meeting offered few clues on the timing of a reduction in its bond-buying program.
The Dow Jones industrial, Standard & Poor's 500 and Nasdaq Composite Index was down 0.3-1%.
Asian markets took a spill on Thursday after minutes from the Federal Reserve's July policy meeting showed it was still on track to start tapering stimulus as early as next month, sending Treasury yields to two-year highs.
In early trading MSCI's index of Asia-Pacific shares outside Japan. Korean shares were down 1 percent. Japan's Nikkei fell 1.1 percent.
Markets are likely to extend losses for 5th consecutive trading session tracking global cues.
The markets ended at 11-month closing low yesterday after the rupee touched a fresh all-time low.
The rupee plunged to a record low on heavy dollar demand from importers and as traders fretted over mixed signals from the RBI over its efforts to prop up the currency without choking off economic growth
At 800 hrs Indian Standard Time the SGX Nifty was down 52 points at 5,260.
According to technical experts, the Nifty may seek support around 5,215-5,155, while face resistance around 5,390-5,450.
U.S. stocks ended lower in choppy trading on Wednesday after minutes from the U.S. Federal Reserve's July meeting offered few clues on the timing of a reduction in its bond-buying program.
The Dow Jones industrial, Standard & Poor's 500 and Nasdaq Composite Index was down 0.3-1%.
Asian markets took a spill on Thursday after minutes from the Federal Reserve's July policy meeting showed it was still on track to start tapering stimulus as early as next month, sending Treasury yields to two-year highs.
In early trading MSCI's index of Asia-Pacific shares outside Japan. Korean shares were down 1 percent. Japan's Nikkei fell 1.1 percent.
No comments:
Post a Comment