Posts in category All News
Buy Torrent Pharma Ltd with a stop loss of Rs 1520: Ashwani Gujral (26-08-2015)
Expect market to open on negative note: Angel Broking (26-08-2015)
According to Angel Broking, markets are expected to open negative tracking SGX Nifty.
Top economy news of the day- August 26,2015 (26-08-2015)
R Gandhi said that four foreign lenders have applied to operate as wholly-owned subsidiaries in the country, and many others are in touch with the central bank for a possible shift in the nature of operations here. The Deputy Governor, however, refused to share the names.
Top Corporate news of the day – August 26, 2015 (26-08-2015)
Jain Irrigation said its board has approved sale of its food business on 'slump sale' basis to its wholly owned subsidiary Jain Farm Fresh Foods Ltd.
Gold rises after worst drop in 5 weeks on China rate cut (26-08-2015)
Sensex down over 300 points; Nifty below 7,800 (26-08-2015)
The S&P BSE Sensex slipped over 300 points in trade on Wednesday, led by losses in ICICI Bank, ITC, Tata Motors, HDFC Bank and RIL.
See gap down opening led by weak global cues: ICICIdirect (26-08-2015)
Nifty is likely to open gap down on the back of weak global cues. It is likely to trade in the range of 7750-7950, says ICICIdirect.
Sensex, Nifty may open lower as China stocks slip despite rate cut (26-08-2015)
Domestic equity markets on Tuesday opened with a positive gap and later it made a low at 7,667 due to weak Chinese market condition and finally closed on the positive territory.
The BSE Sensex and NSE Nifty are likely to open in red on Wednesday tracking SGX Nifty and weak China equity market.
At 8.27 am, SGX Nifty was trading 1.40 per cent lower at 7,777.
Asian peers, Shanghai Composite Index and Hang Seng were down 3.62 per cent and 0.20 per cent at 2,865.02 and 21,362.68. Nikkei 225 was up 0.40 per cent at 17,877.49.
Asian stocks fell on Wednesday as investors feared fresh rate cuts in China would not be enough stabilise its cooling economy or halt a collapse in its stock markets. Following a near 20 per cent plunge in stock prices in three days, the People’s Bank of China cut interest rates and lowered the amount of reserves banks late on Tuesday in a much-anticipated move that some economists said was long overdue.
Overnight, major US stock indexes shot up after China’s policy easing but later gave up all their gains, with the S&P 500 ending down 1.4 per cent.
Domestic equity markets on Tuesday opened with a positive gap and later it made a low at 7,667 due to weak Chinese market condition and finally closed on the positive territory due to extreme short term oversold situation, support from both DII and retailers and positive European cues. The 30-share Sensex and 50-share Nifty closed 1.13 per cent and 0.92 per cent higher at 26,032.38 and 7,880.70, respectively.
(With inputs from agencies)