At 9:21AM, the S&P BSE Sensex is trading at 27,228 down 122 points, while NSE Nifty is trading at 8,195 down 28 points.
The BSE Mid-cap Index was down 0.48%, while BSE Small-cap Index was trading down at 1%.
FMCG and Healthcare indices are the gainers, while Auto, Consumer Durables, Power, Banking, capital goods, Oil and gas, Metal, Realty indices are losers.
Oil prices fell over 2% on concerns about a supply glut and slower global growth. Weak oil prices could eventually affect even countries like India, says a report. The Nifty will look at taking support around the 8177 levels. Macro data released after market hours on Friday will have some impact. Retail inflation fell to 4.4% in November while Industrial production surprised negatively in October as it fell by 4.2%. These numbers may not be taken very seriously given some less relevant components.
Finance Minister Arun Jaitley will hold discussions with state finance ministers over the next two days in a determined bid to seal a deal on goods & services tax (GST) that his ministry officials said is as close as it has ever been, says a report.
The foreign investors have pumped in over Rs. one-lakh crore of so-called ‘hot money’ into stocks during 2014 — taking their cumulative net investments here beyond Rs. 10 lakh crore, says a report.
Former Finance and External Affairs Minister Yashwant Sinha on Saturday hoped the 2015 Union Budget would be “transformational” and set off a series of second-generation reforms to lift the country’s GDP growth rate on to a higher trajectory, a report stated.
The BSE Mid-cap Index was down 0.48%, while BSE Small-cap Index was trading down at 1%.
FMCG and Healthcare indices are the gainers, while Auto, Consumer Durables, Power, Banking, capital goods, Oil and gas, Metal, Realty indices are losers.
Oil prices fell over 2% on concerns about a supply glut and slower global growth. Weak oil prices could eventually affect even countries like India, says a report. The Nifty will look at taking support around the 8177 levels. Macro data released after market hours on Friday will have some impact. Retail inflation fell to 4.4% in November while Industrial production surprised negatively in October as it fell by 4.2%. These numbers may not be taken very seriously given some less relevant components.
Finance Minister Arun Jaitley will hold discussions with state finance ministers over the next two days in a determined bid to seal a deal on goods & services tax (GST) that his ministry officials said is as close as it has ever been, says a report.
The foreign investors have pumped in over Rs. one-lakh crore of so-called ‘hot money’ into stocks during 2014 — taking their cumulative net investments here beyond Rs. 10 lakh crore, says a report.
Former Finance and External Affairs Minister Yashwant Sinha on Saturday hoped the 2015 Union Budget would be “transformational” and set off a series of second-generation reforms to lift the country’s GDP growth rate on to a higher trajectory, a report stated.
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