Tuesday 31 January 2017

Markets opened down ahead of budget day

At 9:15 AM, the BSE Sensex opened higher by 18.36 points at 27867.92, while the Nifty50 opened lower by 3.3 points at the 8629.45 mark.
 
There are 12 advances and 38 declines and 1 unchanged stock at the opening bell on Tuesday.
 
The rupee opened at 67.84 per dollar up by 11 paise.
 
The European markets ended the first session of the new trading week firmly in red. Market participants were concerned after US President Donald Trump imposed a travel ban on the entry of refugees and people from seven Muslim-majority countries over the weekend. The DAX of Germany plunged 1.12% to close at 11681.89 levels and the CAC 40 of France fell 1.14% to close at 4784.64. The FTSE of the UK declined by 0.92% to close at 7118.48.  
 
The US stocks posted their biggest decline for 2017. The Dow Jones Industrial Average closed below the psychological 20,000 mark, dropping 123 points to end at 19,970 and the S&P 500 shed 13 points to close at 2,280. The Nasdaq Composite Index skidded 47 points to finish at 5,613.
 
The Asian markets are trading in a negative territory on Tuesday, tracking a sell-off in the US stocks overnight. Japan’s Nikkei 225 trading lower by 257.94 points at 19110.91. 
 
The SGX Nifty index is trading lower by 17 points at 8637, indicating a flat to negative start for the Indian markets. Market participants will be keenly awaiting the Economic Survey that will be tabled in the Parliament today.

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