Sensex falls 60 points on weak Asian stock markets

 

Mumbai: The 30-share bellwether BSE Sensex on Friday was trading 60 points lower tracking weakness in Asian stock markets.

At 9.30am, the Sensex was trading lower 0.26%, or 59.09 points, at 22,449 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading down 0.26%, or 17.6 points, to 6,718.5 points.

 

The gainers included ITC Ltd that jumped 0.59% to Rs.348.40 and Tata Consultancies Services Ltd (TCS) that rose 0.45% to Rs.2,176.40.

 

Among the losers, Axis Bank Ltd shares lost 1.01% to Rs.1,422.8, while Bharat Heavy Electricals Ltd (Bhel) fell 0.91% to Rs.185.90.

 

 

The BSE consumer durables index was the top sectoral gainer, up 0.58%. The capital goods index was the top loser on BSE, down 0.87%, followed by the Bankex that fell 0.58%.

 

BS Ltd was trading at Rs.14.94 on BSE, up 19.14% from its previous close, after it reported that it got an order worth Rs.722 crore from power utilities.

 

 

Gammon India Ltd was trading at Rs.15.16 on BSE, down 3.56% from its previous close, after its board approved issue of debentures for up to Rs.100 crore and appointment of consultants to advise the company on options for value optimization of the company’s business.

 

Since the beginning of this year, the BSE Sensex has gained 6.39%, while foreign institutional investors have bought $4.75 billion from local equity markets.

 

Asian markets are trading subdued with investors cautious ahead of US jobs report. The US non-farm payrolls report will be released on Friday. Japan’s Nikkei Stock Average was up 0.13%, Hong Kong’s Hang Seng fell 0.14%, while China’s Shanghai Composite was up 0.33%.

 

Overnight, US markets closed marginally lower. The S&P 500 fell 0.11%, Nasdaq Composite was down 0.91%, while Dow Jones Industrial ended unchanged.

Rahul kumar gupta

PGDM,1st Year

Source:-Mint