Home / Business / Money / Choppy Sensex, Nifty under pressure; Europe extends losses

Choppy Sensex, Nifty under pressure; Europe extends losses

Aug 26, 2015, 01.09 PM | Source: Moneycontrol.com

France’s CAC, Germany’s DAX and Britain’s FTSE extended losses, losing 2-2.7 percent. China’s Shanghai lost 1.3 percent, closing lower for the fifth consecutive session and at 8-month low.

Like this story, share it with millions of investors on M3

Choppy Sensex, Nifty under pressure; Europe extends losses

France’s CAC, Germany’s DAX and Britain’s FTSE extended losses, losing 2-2.7 percent. China’s Shanghai lost 1.3 percent, closing lower for the fifth consecutive session and at 8-month low.

13:00

TheNewsInternational Team

01:10 pm 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.

01:00 pm 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.

12:00

Nifty volatile ahead of August F&O expiry; banks, BHEL drag

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.

Read More »

11:00

Sensex recovers 400 pts from day’s low, Nifty above 7900Read More »

Asian markets mood was lifted by the liquidity easing measures by China despite negative handover from US. Nikkei and Shanghai gained nearly 3 percent.

Read More »

10:00

Sensex, Nifty rebound; Midcap, Smallcap outperformRead More »

Lupin extended gains to 3 percent on getting approval from US Food and Drug Administration for anti-inflammatory drug Diclofenac Sodium. Reliance Industries, TCS, ONGC, Wipro, NTPC and Bajaj Auto rose 1-2 percent.

Read More »

09:15

Sensex sinks 300 pts, Nifty below 7850 on China volatilityRead More »

Vedanta, BHEL, Tata Motors, Hero Motocorp, Infosys and HCL Tech fell 2.5-3.6 percent. However, Wipro, Tata Power and Asian Paints gained more than half a percent.

Read More »

RELATED NEWS

  • Nifty volatile ahead of August F&O expiry; banks, BHEL drag
  • Sensex recovers 400 pts from day’s low, Nifty above 7900
Previous Service tax on cost reimbursements – a paradoxical puzzle!
Next GVK gets provisional completion certificate for Raj proj

  • 6 stocks likely to see lot of action today

  • Five high-value, high-growth stock ideas for your portfolio

  • Nifty’s long-term view only getting better: Raamdeo Agrawal

  • Value investor Porinju Veliyath picks 5 stocks for this mkt

  • Bull’s Eye: Buy Titan, PTC India, Exide, Rel Infra, Sun TV

  • China is a beast no one understands; hold your cash: Udayan

  • Govt to infuse Rs 5,393 cr in SBI, IOB, UBI

  • Short covering lifts Sensex 291 pts; banks, rupee strong

  • Stocks in news: Lupin, ONGC, SBI, Aban, IOC, Gujarat NRE

  • Indian economy quite sorted, FIIs overweight: Ridham Desai

  • Violence spreads in Gujarat, curfew imposed in some cities

  • Despite rising NPAs, PNB,IDBI not to sell bad loans to ARCs

  • RBI to name ‘systemically important’ banks in 2-3 days

  • Bajaj Finserv rules out IPO for insurance ventures

  • Steel sector under pressure; China main culprit: Tata Steel

  • Swamy urges PM to intervene on OROP issue

  • Dabur to submit additional info for its Alwar unit to USFDA

  • Chinese smartphone mkt expected to cool this year: report

video of the day

China is a beast no one understands; hold your cash: Udayan

news videos

  • Don’t sell stocks; fundamentals still intact: Destimoney

  • Will double sourcing, suppliers from India by 2020: Ikea

  • Domestic fund buying aided recovery in mkts: Edelweiss

  • Commodity prices, rate cuts to aid Indian market: Holland

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...