Indian stock markets fell over 0.6 per cent at the closing session on Thursday owing to weak European cues.
The BSE Sensex ended at 20,410.81, down 0.67 per cent or 136.81 points and the NSE Nifty ended at 6,039.20, down 0.82 per cent or 49.85 points.
On the BSE, most sectoral indices ended in the red led by IT, TECk and capital goods which were down by 3.62 per cent, 2.64 per cent and 2.39 per cent, respectively.
Consumer durables, oil and gas and FMCG sectors, however, supported the Sensex and rallied by 1.93 per cent, 1.29 per cent and 1.17 per cent, respectively.
Bharti Airtel, ONGC, ITC, RIL and Hero MotoCorp were the top five Sensex gainers, while the top five losers were TCS, Tata Motors, L&T, Wipro and Infosys.
Asian shares were up as the US Congress passed a bipartisan Bill which was quickly signed into law by President Barack Obama today to end a 16-day government shutdown and avert a historic debt default.
A report from India Forex Advisors said: “The deal is akin to 'kicking the can sans a long-term remedy'; it does not resolve the fundamental issues of spending and deficits that divide the Republicans and Democrats. The deal will fund the Government until January 15 and raise the debt limit through February 7, so global markets would face the possibility of another showdown in Washington early next year.“
European stocks fell from a five-year high as companies from Sulzer AG to Outotec Oyj lowered their financial targets for the full year, while a rating company downgraded the American government’s debt.
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