Sensex falls 80 points tracking Asian markets

 

Mumbai: The 30-share bellwether BSE Sensex on Thursday was trading 80 points lower tracking the Asian equity markets.

At 9.23am, the Sensex was trading down 0.38%, or 79.19 points, at 20,643.78 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading down 0.51%, or 31.35 points, at 6,121.40 points.

The gainers included Tata Consultancy Services Ltd (TCS) that rose 0.4% to Rs.2,207.30 and Wipro Ltd that jumped 0.28% to Rs.566.15.

Among the losers, Tata Steel Ltd lost 1.75% to Rs.367.50 and Tata Power Co. Ltd fell 1.61% to Rs.76.45.

The S&P BSE healthcare index rose 0.07% to be the biggest gainer, while the metal index declined 1.03%, the most among sectoral indices.

Financial Technologies (India) Ltd was trading at Rs.336.50 on BSE, up 3.16%, while Multi Commodity Exchange of India Ltd (MCX) was trading at Rs.551.30 on BSE, up 1.71%, after MCX sought applications from investment and merchant bankers within seven days to divest stake in few ventures, the company said in an advertisement in The Economic Times newspaper.

The US Federal Reserve minutes spooked the markets revealing the Fed’s doubts about slowing its asset purchases in January, a clear sign that tapering will continue unless there was a big shift in the economy. The S&P 500 declined 0.6%, while Nasdaq Composite was off 0.8% and Dow Jones Industrial Average fell 0.6%.

Asian markets were trading mixed after China’s manufacturing activity continued to experience slowdown and dropped to a seven-month low, according to a closely-watched private survey and despite January’s credit surge. China’s Shanghai Composite shrugged off the weak data and was up 0.62%, while Hong Kong’s Hang Seng was down 1.08% and Japan’s Nikkei Stock Average fell 1.68%. 

 

 

md.aquil alam 

pgdm 2nd sem

source .live mint