New Listing :
State Bank of India, ICICI Bank, HDFC, Axis Bank, Bharti Airtel, Dr Reddy's Labs, Cipla, Vedanta and Tata Steel dropped 1-3 percent. BHEL slipped 2.5 percent after Goldman Sachs downgraded stock to sell from neutral earlier with a target of Rs 207 per share as it believes that the new ordering momentum is unsustainable.
Gold Update :
Gold edged up today after falling the most in five weeks the session before as global equities were revived after China cut interest rates and bank reserve requirements to support a flagging economy. But China's move appears to have only boosted equities temporarily, with US stock futures resuming their descent and Asian shares slightly lower. Further losses in equities could switch appetite back to safe-haven assets such as gold.
Market Check :
The market slipped again amid consolidation in afternoon trade, tracking further fall in European markets. France's CAC, Germany's DAX and Britain's FTSE extended losses, losing 2-2.7 percent. The 30-share BSE Sensex dropped 122.05 points or 0.47 percent to 25910.33 and the 50-share NSE Nifty slipped 24.75 points or 0.31 percent to 7855.95. The BSE Midcap also wiped its gains, trading flat. The rupee, too, depreciated by 20 paise to 66.30 against US dollar.
Read More - Nifty NEWS
State Bank of India, ICICI Bank, HDFC, Axis Bank, Bharti Airtel, Dr Reddy's Labs, Cipla, Vedanta and Tata Steel dropped 1-3 percent. BHEL slipped 2.5 percent after Goldman Sachs downgraded stock to sell from neutral earlier with a target of Rs 207 per share as it believes that the new ordering momentum is unsustainable.
Gold Update :
Gold edged up today after falling the most in five weeks the session before as global equities were revived after China cut interest rates and bank reserve requirements to support a flagging economy. But China's move appears to have only boosted equities temporarily, with US stock futures resuming their descent and Asian shares slightly lower. Further losses in equities could switch appetite back to safe-haven assets such as gold.
Market Check :
The market slipped again amid consolidation in afternoon trade, tracking further fall in European markets. France's CAC, Germany's DAX and Britain's FTSE extended losses, losing 2-2.7 percent. The 30-share BSE Sensex dropped 122.05 points or 0.47 percent to 25910.33 and the 50-share NSE Nifty slipped 24.75 points or 0.31 percent to 7855.95. The BSE Midcap also wiped its gains, trading flat. The rupee, too, depreciated by 20 paise to 66.30 against US dollar.
Read More - Nifty NEWS
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