INDIAN BENCHMARKS are likely to remain volatile the truncated week with traders closely watching the movement in global crude oil prices. SGX Nifty is trading 7.00 points down. Indian stock markets fell on Friday after the government cut its growth forecast, but indexes recorded their biggest weekly gains in more than two months after the US Federal Reserve raised interest rates without any disruptions to global markets. The S&P BSE Sensex and CNX Nifty ended 1.10% and 1.05% lower each. On Friday (December 19, 2015) the 30-share BSE SENSEX closed at 25519.22, down by 284.56 points or by 1.1%, and the NSE Nifty ended 82.4 points lower at 7761.95
Headlines for the day:
• IVRCL to carve out two companies.
• IDBI Bank plans to divest 20% in its life insurance JV with Ageas for Rs800 cr
• MBL Infra bags order worth Rs415 crore: Positive for the company
Global Markets:
Asian share markets advanced on Monday after a lackluster start, defying a dive on Wall Street, and the price of Brent crude threatened to plumb lows last seen in 2004 on renewed worries over a global oil glut.
US stocks closed sharply lower Friday as investors weighed low oil and economic data in the aftermath of the Federal Reserve's rate hike Wednesday. Options expiration also contributed to volatility.
European shares fell in volatile trade on Friday, giving up most of the Fed-inspired gains of the previous session as investors took profits before the holiday season.
Trend in FII flows: The FIIs were net sellers of Rs -6.99 Cr in the cash segment on Friday while the DIIs were net buyers of Rs -404.98 Cr, as per the provisional figures released by the NSE.
Read our more services below:
0 comments:
Post a Comment