Indian equities snapped their three-day winning streak; the market was weighed down on profit-booking particularly in IT, banking and technology stocks.
Finally, the BSE Sensex ended today’s trading with a loss of 114 points at 28,221. It opened at 28,426, touched an intra-day high of 28,478 and low of 28,189.
The NSE Nifty closed with a loss of 25 points at 8,743. It opened at 8,806, hit an intra-day high of 8,807 and low of 8,731.
Sentiment was also dampened as Nikkei India Services Business Activity Index eased to 52 in September from 54.7 in August.
Meanwhile, the International Monetary Fund (IMF) has raised India's growth forecast a tad, citing the resilience of its economy and robust growth momentum. The IMF now expects the economy to expand 7.6% in 2016-17, up from its earlier projection of 7.4%.
Global economic growth will remain subdued this year following a slowdown in the United States and Britain's vote to leave the European Union, the IMF said in its October 2016 World Economic Outlook yesterday, 4 October 2016. The world economy will expand 3.1% this year, the IMF said, unchanged from its July projection.
Today’s major decline was led by banking, IT, finance, oil & gas, teck, and energy, stocks; while realty, telecom, industrial, FMCG and metal stocks were among the gainers.
The mid-cap and small-cap stocks’ representative indices on the BSE gained by 0.50% and 0.62% respectively, taking a contrary direction to the decline in the large-cap stocks’ representative bellwether indices.
Among the 50 stocks of the Nifty, Tata MotorsDVR, Bharti Infratel, BPCL, UltraTech Cement, Eicher Motors, Hindalco, Tata Motors and Tata Power were among the gainers, whereas ONGC, Axis Bank, Adani Ports, Idea Cellular, Kotak Mahindra Bank and M&M were among the losers today.
The India VIX (Volatility) index was down 0.45% to 14.9250.
Out of 1,406 stocks traded on the NSE, 574 declined and 777 advanced today.
The rupee was trading down by 9 paise at 66.54 per US dollar.
On the global front, Asian stocks traded firm with the Hong Kong’s Hang Seng and Nikkei 225 each advancing 0.5%. Mainland Chinese markets remained closed for the National Day holiday.
European stocks are trading soft as markets digest hawkish comments from US Federal Reserve officials. The CAC 40, DAX and FTSE 100 each have slipped 0.48%.
Finally, the BSE Sensex ended today’s trading with a loss of 114 points at 28,221. It opened at 28,426, touched an intra-day high of 28,478 and low of 28,189.
The NSE Nifty closed with a loss of 25 points at 8,743. It opened at 8,806, hit an intra-day high of 8,807 and low of 8,731.
Sentiment was also dampened as Nikkei India Services Business Activity Index eased to 52 in September from 54.7 in August.
Meanwhile, the International Monetary Fund (IMF) has raised India's growth forecast a tad, citing the resilience of its economy and robust growth momentum. The IMF now expects the economy to expand 7.6% in 2016-17, up from its earlier projection of 7.4%.
Global economic growth will remain subdued this year following a slowdown in the United States and Britain's vote to leave the European Union, the IMF said in its October 2016 World Economic Outlook yesterday, 4 October 2016. The world economy will expand 3.1% this year, the IMF said, unchanged from its July projection.
Today’s major decline was led by banking, IT, finance, oil & gas, teck, and energy, stocks; while realty, telecom, industrial, FMCG and metal stocks were among the gainers.
The mid-cap and small-cap stocks’ representative indices on the BSE gained by 0.50% and 0.62% respectively, taking a contrary direction to the decline in the large-cap stocks’ representative bellwether indices.
Among the 50 stocks of the Nifty, Tata MotorsDVR, Bharti Infratel, BPCL, UltraTech Cement, Eicher Motors, Hindalco, Tata Motors and Tata Power were among the gainers, whereas ONGC, Axis Bank, Adani Ports, Idea Cellular, Kotak Mahindra Bank and M&M were among the losers today.
The India VIX (Volatility) index was down 0.45% to 14.9250.
Out of 1,406 stocks traded on the NSE, 574 declined and 777 advanced today.
The rupee was trading down by 9 paise at 66.54 per US dollar.
On the global front, Asian stocks traded firm with the Hong Kong’s Hang Seng and Nikkei 225 each advancing 0.5%. Mainland Chinese markets remained closed for the National Day holiday.
European stocks are trading soft as markets digest hawkish comments from US Federal Reserve officials. The CAC 40, DAX and FTSE 100 each have slipped 0.48%.
