Indian shares declined for a third consecutive session today. Weak global cues and profit booking weighed on the domestic bourses. The domestic market started off on a positive note but then slipped into the red. It then remained in the negative zone throughout most of today’s session and closed with a marginal loss.
Finally, the BSE Sensex ended today’s trading with a loss of 45 points at 28,061. It opened at 28,129, touched an intra-day high of 28,156 and low of 27,965.
The NSE Nifty closed with a loss of 12 points at 8,698. It opened at 8,722, hit an intra-day high of 8,724 and low of 8,664.
Significant selling was witnessed in telecom, IT, oil & gas, consumer durables, banking, pharma and finance stocks, while metal, auto, industrial and basic materials stocks were among the gainers.
Among the 50 stocks of the Nifty, Tata Steel, Tata Motors DVR, Zee, Bajaj Auto, Tata Motors, Tata Power and Grasim were among the gainers, whereas Bharti Infratel, Asian Paints, Eicher Motors, HDFC, Infosys and Ciplawere among the losers today.
Sentiment remained downbeat as a World Bank release stated that India, the world's largest remittance recipient in 2015, may receive a lesser remittance of $65.5 bn this year, ie a drop of 5%. Investors also remained cautious ahead of a US jobs report due later in the day and the start of domestic quarterly earnings season.
The India VIX (Volatility) index was down 2.35% to 14.4850. Out of 1,497 stocks traded on the NSE, 755 declined and 684 advanced today.
The BSE Midcap index ended marginally higher and the Smallcap index closed in the red.
The rupee was trading down 3 paise at 66.72 per US dollar.
On the economy front, the Reserve Bank of India (RBI) has proposed widening the definition of a branch to make it easier for banks to meet the norm of opening 25% banking outlets in unbanked rural centres.
On the global front, Asian markets closed on a tentative note, following a warning from the IMF that a Fed rate hike will create a major disorder across Asian markets. As a result, the Hang Seng and Nikkei 225 closed lower. Markets in China remained closed for the Golden Week public holidays.
European markets remained subdued over speculation on curtailment of stimulus measures by the European Central Bank (ECB).The CAC 40 and DAX and FTSE are trading in red, while FTSE 100 gained 1%. The pound sterling slumped to a three-decade low, raising eyebrows across financial markets.
Finally, the BSE Sensex ended today’s trading with a loss of 45 points at 28,061. It opened at 28,129, touched an intra-day high of 28,156 and low of 27,965.
The NSE Nifty closed with a loss of 12 points at 8,698. It opened at 8,722, hit an intra-day high of 8,724 and low of 8,664.
Significant selling was witnessed in telecom, IT, oil & gas, consumer durables, banking, pharma and finance stocks, while metal, auto, industrial and basic materials stocks were among the gainers.
Among the 50 stocks of the Nifty, Tata Steel, Tata Motors DVR, Zee, Bajaj Auto, Tata Motors, Tata Power and Grasim were among the gainers, whereas Bharti Infratel, Asian Paints, Eicher Motors, HDFC, Infosys and Ciplawere among the losers today.
Sentiment remained downbeat as a World Bank release stated that India, the world's largest remittance recipient in 2015, may receive a lesser remittance of $65.5 bn this year, ie a drop of 5%. Investors also remained cautious ahead of a US jobs report due later in the day and the start of domestic quarterly earnings season.
The India VIX (Volatility) index was down 2.35% to 14.4850. Out of 1,497 stocks traded on the NSE, 755 declined and 684 advanced today.
The BSE Midcap index ended marginally higher and the Smallcap index closed in the red.
The rupee was trading down 3 paise at 66.72 per US dollar.
On the economy front, the Reserve Bank of India (RBI) has proposed widening the definition of a branch to make it easier for banks to meet the norm of opening 25% banking outlets in unbanked rural centres.
On the global front, Asian markets closed on a tentative note, following a warning from the IMF that a Fed rate hike will create a major disorder across Asian markets. As a result, the Hang Seng and Nikkei 225 closed lower. Markets in China remained closed for the Golden Week public holidays.
European markets remained subdued over speculation on curtailment of stimulus measures by the European Central Bank (ECB).The CAC 40 and DAX and FTSE are trading in red, while FTSE 100 gained 1%. The pound sterling slumped to a three-decade low, raising eyebrows across financial markets.
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