The Indian equity market fell for a third day. The Sensex slipped 100 points, while the Nifty50 fell below its 8,600 mark. Tata Group shares extended fall on Thursday after the company have sought the clarification. Indian Hotels slumped 8%, Tata Teleservices tanked 7 per cent, Tata Communications, Tata Power, Tata Motors are down between 2-4%.
The S&P BSE Sensex is trading at 27,774 down 62 points, while NSE Nifty is trading at 8,577 down 28 points.
The BSE Mid-cap Index is trading down 0.51% at 13,353 whereas BSE Small-cap Index is trading down 0.12% at 13,413.
ITC, Sun Pharmaceuticals, HDFC, Dr Reddy's, Adani Ports, ONGC and Cipla are among the gainers, whereas Tata Motors, Tata Steel, Asian Paints, Wipro, HUL and SBI are losing sheen on BSE.
Some buying activity is seen in realty, oil & gas and FMCG sectors, while are telecom, banking, auto, capital goods, IT, industrial and pharma showing weakness on NSE.
The INDIA VIX is up 1.60% at 14.6850. Out of 1,877 stocks traded on the NSE, 647 declined, 826 advanced and 404 remained unchanged today.
A total of 34 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.
A waves of worries is hitting the Tata shores as stock exchanges have sought clarification from listed entities of the Tata Group about a letter by Cryus Mistry, the ousted chairman, regarding a US$ 18 bn possible writedown at the Tata firms. Reports suggest corporate governance issues also could be brought up in the coming days as a legal tussle ensues. The US markets were mostly subdued with disappointing results. Asian markets are flat. UK GDP numbers, Home sales numbers and updates on durable goods in US, China industrial data are all on tap. Oil has cooled to 3-week low.
Asian markets opened flat as renewed strength in US$ & rise in bond yields with the US 10 year hitting 1.79% saw profit booking in equities continue. With nearness to US election results & an inevitable rate hike on the cards global equity markets have seen huge under performance this October. Weak earnings have also added to the sentiment with heavyweight Samsung joining the list of disappointing earnings.
On the international front, depending on which polls you track, the situation is mixed as far as the race to the White House is concerned with some suggesting a narrow gap between Clinton and Trump while one has a massive lead for Clinton.
The S&P BSE Sensex is trading at 27,774 down 62 points, while NSE Nifty is trading at 8,577 down 28 points.
The BSE Mid-cap Index is trading down 0.51% at 13,353 whereas BSE Small-cap Index is trading down 0.12% at 13,413.
ITC, Sun Pharmaceuticals, HDFC, Dr Reddy's, Adani Ports, ONGC and Cipla are among the gainers, whereas Tata Motors, Tata Steel, Asian Paints, Wipro, HUL and SBI are losing sheen on BSE.
Some buying activity is seen in realty, oil & gas and FMCG sectors, while are telecom, banking, auto, capital goods, IT, industrial and pharma showing weakness on NSE.
The INDIA VIX is up 1.60% at 14.6850. Out of 1,877 stocks traded on the NSE, 647 declined, 826 advanced and 404 remained unchanged today.
A total of 34 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.
A waves of worries is hitting the Tata shores as stock exchanges have sought clarification from listed entities of the Tata Group about a letter by Cryus Mistry, the ousted chairman, regarding a US$ 18 bn possible writedown at the Tata firms. Reports suggest corporate governance issues also could be brought up in the coming days as a legal tussle ensues. The US markets were mostly subdued with disappointing results. Asian markets are flat. UK GDP numbers, Home sales numbers and updates on durable goods in US, China industrial data are all on tap. Oil has cooled to 3-week low.
Asian markets opened flat as renewed strength in US$ & rise in bond yields with the US 10 year hitting 1.79% saw profit booking in equities continue. With nearness to US election results & an inevitable rate hike on the cards global equity markets have seen huge under performance this October. Weak earnings have also added to the sentiment with heavyweight Samsung joining the list of disappointing earnings.
On the international front, depending on which polls you track, the situation is mixed as far as the race to the White House is concerned with some suggesting a narrow gap between Clinton and Trump while one has a massive lead for Clinton.
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