INDIAN
BENCHMARKS are tipped
to extend Monday’s losses and open lower today tracking a bearish global trend
while a continued exodus of foreign investors amid concerns that the BJP’s loss
in Bihar may crimp its ability to push through key reforms such as GST to
bolster Asia’s third biggest economy, may also sour sentiment at Dalal Street.
SGX
Nifty is trading 32.50 points lower.
Volatility
may remain high at the domestic bourses ahead of the expiry of the November
Futures & Options ( F&O) contracts on Thursday, while caution ahead of
the start of the Winter Session of Parliament from Thursday may also weigh on
the Sensex. Shares of PSU banks may see some positive trade after Finance
Minister Arun Jaitley vowed measures to relieve stress of state-run lenders
that are battling high NPAs. Indian stocks edged lower on Monday, swinging
between minor gains and losses for most of the session as sentiment turned
cautious ahead of the expiry of derivative contracts in a holiday-shortened week.
The S&P BSE Sensex and CNX Nifty ended 0.19% and 0.09% lower each. On
Monday (November 23, 2015) Snapping a two-day run of gains, the 30-share Sensex
fell by 49.15 points or by 0.19% to end at 25,819.34 while the NSE Nifty closed
at 7,849.25, down by 7.3 points or by 0.09.
Major
Headlines of the day:
·
Tata
Communications renegotiating Neotel sell-off.
·
NPPA
exempts Wockhardt's 3 insulin products from price control.
·
Nestle
India resumes Maggi production in Uttarakhand.
Trend in FII flows: The FIIs
were net sellers of Rs -35.37 Cr in the
cash segment on Tuesday while the DIIs were net buyers of
Rs
90.28 Cr, as per the provisional figures released by the NSE.
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