Negativity to hover over markets as global peers lack momentum

Indian benchmark indices after a positive start on Tuesday, entered into red terrain, as traders preferred to book profits after a decent run-up in the markets in a short span. However, some recovery took place in last leg of trade and the indices pared most of their initial losses. The NSE’s 50-share broadly followed index Nifty slid marginally, but held its psychological 9,100 support level, while Bombay Stock Exchange’s Sensitive Index, Sensex shed over thirty points to finish below its psychological 29,500 mark.The European markets finished lower on Tuesday. The DAX of Germany dropped 0.75 per cent and the CAC 40 of France fell 0.19 per cent. The FTSE 100 of the U.K. declined 0.69 per cent.U.S stocks closed sharply lower on Tuesday, with the S&P 500 and Dow posting their biggest one-day losses since October 11, 2016. Investors turned cautious after initial hours of trading, as financials and industrials sold off severely. The S&P 500 declined 1.24 per cent, the Nasdaq Composite closed down 1.8 per cent and the Dow Jones Industrial Average dropped 1.1 per cent.Asian stocks are sinking in a sea of red, on Wednesday. Japan’s Nikkei 225 lost over 2 per cent. Hong Kong’s Hang Seng declined 1.28 per cent. The Shanghai Composite is trading lower by 0.35 per cent.At 8:09 am, SGX Nifty index was trading with losses of 70 points at 9081, indicating a negative start for Indian equities. 

SGX Nifty

sgxnifty.org@imediaone.com

You may also like...

Rules of Discussion on Negativity to hover over markets as global peers lack momentum

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean