Wednesday 17 December 2014

Nifty now below 8,000 levels

At 10:09AM, the S&P BSE Sensex is trading at 26,510 down 270 points, while NSE Nifty is trading at 7988 down 78 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading down 3%
FMCG indices is only the gainer, while Power, Capital goods, PSU, Oil and gas, Realty, Healthcare, Auto, Bankex, Consumer Durables indices are losers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
US markets ended weak ahead of the Fed Reserve meet. The Federal Reserve meeting ends today with a statement, new economic projections and a press conference by Fed Chairwoman Janet Yellen. Attention will be paid on whether the Fed changes its pledge to hold rates steady for a considerable time, says reports.
Asian indices are mixed. Japan's Nikkei was up while Hong Kong's Hang Seng index was lower. China's Shanghai index is in the green.
The finance ministry will move a formal proposal seeking Cabinet endorsement for the constitutional amendment bill to facilitate the goods and services tax (GST) after securing support from the states, says a report.
Vladimir Putin has little choice but to withdraw from eastern Ukraine in order to stem the financial crisis that is spinning out of control in his country, says a report.
Prices for oil futures trading on the New York Mercantile exchange made a sharp turnaround , briefly touching an all-low of $53.60 and latter hitting a high of $57.15 a barrel.
MCX is considering having Paul Parambi, Head of Group Strategy at Kotak Mahindra Bank, as a nominee on its board, according to sources close to the development

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