The Sensex and the Nifty fell over 0.8 per cent at the closing session on Monday as better-than-expected US jobs data fuelled speculation that the Federal Reserve will soon reduce the monetary stimulus.
Trading sentiment was also dampened as the rupee again breached the 63-mark and was trading weak at 63.30 against the dollar.
The 30-share BSE index Sensex was down 175.19 points (0.85 per cent) at 20,490.96 and the 50-share NSE index Nifty was down 61.95 points (1.01 per cent) at 6,078.80.
Barring healthcare, IT and TECk, all other sectoral indices ended in the red. Among them, realty, capital goods, PSU and power indices fell the most by 2.81 per cent, 2.43 per cent, 1.78 per cent and 1.51 per cent, respectively.
On the other hand, healthcare index was up 0.37 per cent, followed by IT 0.16 per cent and TECk 0.08 per cent.
Dr Reddy's, Tata Steel, Maruti, TCS and Infosys were the top five Sensex gainers, while the top five losers were Hindalco, L&T, ONGC, SBI and Tata Motors.
Rahul Bhandawat of Equentis Capital said: “On the domestic front, Government will release IIP data for September and inflation based on the CPI for October on November 12, 2013, data based on the Wholesale Price Index (WPI) for October will be declared on November 15, 2013. Increased CPI and WPI data may put pressure on RBI to reduce liquidity from the market by increasing the key interest rates and may become negative for auto and banking sector. Inline outcome will support consolidation in equity market.”
Most European stocks gained as China’s industrial output growth unexpectedly increased. Asian stocks were up on better-than-expected US jobs data and China’s industrial production growth.
But the better-than-expected US jobs data has given rise to fears that the US Federal Reserve could speed up its plans to prune its $85-billion-a-month stimulus programme.
Trading sentiment was also dampened as the rupee again breached the 63-mark and was trading weak at 63.30 against the dollar.
The 30-share BSE index Sensex was down 175.19 points (0.85 per cent) at 20,490.96 and the 50-share NSE index Nifty was down 61.95 points (1.01 per cent) at 6,078.80.
Barring healthcare, IT and TECk, all other sectoral indices ended in the red. Among them, realty, capital goods, PSU and power indices fell the most by 2.81 per cent, 2.43 per cent, 1.78 per cent and 1.51 per cent, respectively.
On the other hand, healthcare index was up 0.37 per cent, followed by IT 0.16 per cent and TECk 0.08 per cent.
Dr Reddy's, Tata Steel, Maruti, TCS and Infosys were the top five Sensex gainers, while the top five losers were Hindalco, L&T, ONGC, SBI and Tata Motors.
Rahul Bhandawat of Equentis Capital said: “On the domestic front, Government will release IIP data for September and inflation based on the CPI for October on November 12, 2013, data based on the Wholesale Price Index (WPI) for October will be declared on November 15, 2013. Increased CPI and WPI data may put pressure on RBI to reduce liquidity from the market by increasing the key interest rates and may become negative for auto and banking sector. Inline outcome will support consolidation in equity market.”
Most European stocks gained as China’s industrial output growth unexpectedly increased. Asian stocks were up on better-than-expected US jobs data and China’s industrial production growth.
But the better-than-expected US jobs data has given rise to fears that the US Federal Reserve could speed up its plans to prune its $85-billion-a-month stimulus programme.
No comments:
Post a Comment