At 9:15 AM, the S&P BSE Sensex is trading at 25,586 down 93 points, while NSE Nifty is trading at 7,828 down 27 points.
At 9:15 AM, the S&P BSE Sensex is trading at 25,586 down 93 points, while NSE Nifty is trading at 7,828 down 27 points.
The Indian rupee opened lower by 11 paise at 66.72/$ against US Dollar on Tuesday as against the previous close of 66.61/$. Indian rupee lost ground in the early hours of yesterday’s trade, with values moving above 66.70 levels in the spot market. Market participants remain cautious ahead of US FOMC and BOJ policy meeting this week. In addition, the domestic unit remains under pressure due to month‐end demand from the importers.
Parag Milk Foods will announce its IPO plans today. Results include Maruti Suzuki India, Biocon, Bharti Infratel, IDFC Bank among others. The rupee is expected to weaken further. Asian markets are in the red. US stock indices declined on Monday, as investors digested few lackluster earnings and awaited the outcome of a Federal Reserve policy meeting later in the week.
The Fed, which raised interest rates in December for the first time in nearly a decade, is widely expected to leave rates unchanged later this week. But, the Wall Street would be more interested in the outlook for interest rates - whether the Fed is on course to raise interest rates again this year and, if so, how many times.
The Dow Jones Industrial Average dropped 26.51 points, or 0.2%, to end at 17,977.24. The S&P 500 index was down 3.79 points, or 0.2%, to close at 2,087.79, led by declines in Energy and Industrial-sector shares. Earlier, the index was down by 14 points. The Nasdaq Composite index lost 10.44 points, or 0.2%, to finish at 4,895.79 after falling by as much as 28 points.
After swinging between small gains and losses earlier in the session, oil prices moved lower, with the West Texas Intermediate (WTI) crude futures dropping US$1.09, or 2.5%, to settle at US$42.64 a barrel.
Saudi Arabia’s deputy crown prince said that less than 5% of state-owned Saudi Arabian Oil Co, known as Saudi Aramco, will be publicly offered in a move that will value the company between US$2 trillion and US$2.5 trillion.
In terms of data, new home sales declined by 1.5% to a seasonally adjusted annual rate of 511,000 in March, according to the Commerce Department. But, February’s number was revised sharply higher.
Despite announcing better than expected results, shares of Reliance Industries ended lower by 2.4%.
The Indian rupee opened lower by 11 paise at 66.72/$ against US Dollar on Tuesday as against the previous close of 66.61/$. Indian rupee lost ground in the early hours of yesterday’s trade, with values moving above 66.70 levels in the spot market. Market participants remain cautious ahead of US FOMC and BOJ policy meeting this week. In addition, the domestic unit remains under pressure due to month‐end demand from the importers.
Parag Milk Foods will announce its IPO plans today. Results include Maruti Suzuki India, Biocon, Bharti Infratel, IDFC Bank among others. The rupee is expected to weaken further. Asian markets are in the red. US stock indices declined on Monday, as investors digested few lackluster earnings and awaited the outcome of a Federal Reserve policy meeting later in the week.
The Fed, which raised interest rates in December for the first time in nearly a decade, is widely expected to leave rates unchanged later this week. But, the Wall Street would be more interested in the outlook for interest rates - whether the Fed is on course to raise interest rates again this year and, if so, how many times.
The Dow Jones Industrial Average dropped 26.51 points, or 0.2%, to end at 17,977.24. The S&P 500 index was down 3.79 points, or 0.2%, to close at 2,087.79, led by declines in Energy and Industrial-sector shares. Earlier, the index was down by 14 points. The Nasdaq Composite index lost 10.44 points, or 0.2%, to finish at 4,895.79 after falling by as much as 28 points.
After swinging between small gains and losses earlier in the session, oil prices moved lower, with the West Texas Intermediate (WTI) crude futures dropping US$1.09, or 2.5%, to settle at US$42.64 a barrel.
Saudi Arabia’s deputy crown prince said that less than 5% of state-owned Saudi Arabian Oil Co, known as Saudi Aramco, will be publicly offered in a move that will value the company between US$2 trillion and US$2.5 trillion.
In terms of data, new home sales declined by 1.5% to a seasonally adjusted annual rate of 511,000 in March, according to the Commerce Department. But, February’s number was revised sharply higher.
Despite announcing better than expected results, shares of Reliance Industries ended lower by 2.4%.
No comments:
Post a Comment