Follow Us:
Monday, July 23, 2018

Sensex down 103 points

Sensex had lost 16.90 pts yesterday,fell further by 0.60%,to 17,198.89 in early trade today.

Written by Agencies | Mumbai | Published: May 3, 2012 9:44:01 am

The BSE benchmark Sensex fell by 103 points in early trade today on continued selling by foreign funds and retail investors in the absence of any positive trigger.

The 30-share barometer,which had lost 16.90 points in yesterday’s trade,fell further by 103.02 points,or 0.60 per cent,to 17,198.89 in early trade today.

All sectoral indices,led by realty and auto,were trading in the negative zone with losses of up to 1.02 per cent.

Similarly,the wide-based National Stock Exchange Nifty index declined by 34.95 points,or 0.67 per cent,to 5,204.20.

Brokers said market sentiment remained weak on fresh selling by funds and retail investors on lack of any encouraging factors.

In addition,overnight losses at the US markets on weak report on private jobs growth and poor economic reports from Europe dampened sentiments,they added.

However,sugar company stocks were in demand following the government’s decided to free sugar export.

Shree Renuka sugar gained 5.83 per cent to Rs 32,65,Balrampur Chinni mills was up 4.11 per cent to Rs 55.75 and Dwarkesh Sugar Industries rose by 7.53 per cent to Rs 38.55.

Meanwhile,in the Asia region,Hong Kong’s Hang Seng index was trading 0.45 per cent higher,while Japan’s financial markets were closed for ‘public holiday’.

The US Dow Jones Industrial Average ended 0.08 per cent lower in yesterday’s trade.

Pre open: Sensex to watch


* Asian shares slipped on Thursday after disappointing data from both sides of the Atlantic rekindled concerns about the strength of the global economic recovery.

* The S&P 500 and the Dow edged lower on Wednesday as data showed that private sector hiring fell far more than expected in April,sparking concerns that Friday’s U.S. jobs report will also disappoint investors.


* The CEOs of Bharti Airtel,Vodafone India ,Idea Cellular,Malaysia’s Maxis Communications will hold a joint news conference in New Delhi.

The industry is opposing the sector regulator’s proposals including a near 10-fold increase in auction starting price and the limited number of slots in the auction. (0230 GMT)

* India’s services PMI for April (0500 GMT)

* Indian drugmaker Piramal Healthcare,which holds an 11 pct stake in Vodafone’s India operations,will announce its Q4 earnings. The drugmaker may update on potential further diversification of its businesses. (0830 GMT)

* Midcap consumer firm Marico reports its Q4 numbers on Thursday. (1030 GMT)



* India has removed any limit on sugar export volumes for now,a government source said on Wednesday,adding pressure to global prices,but the world’s second-biggest producer could reinstate restrictions later if domestic supplies are threatened.

* The power ministry will allow producers to raise tariffs if fuel costs of new projects rise,and will not oppose a hike in domestic gas prices.

* Petronet LNG Ltd. will invest 45 billion rupees ($853.89 million) to build a liquefied natural gas (LNG) terminal on the country’s east coast by 2016 to help meet the growing demand of the energy-hungry nation.

* ACC’s April cement despatches rose 1 percent to 2.07 million tonnes. Its April cement production was at 2.17 million tonnes.


* In order to strengthen risk management mechanism,the Reserve Bank today unveiled guidelines for implementation of the new global capital adequacy norms,called Basel III,by March 2018.

* India has some leeway to get reforms back on track with its long-term growth prospects firm,Tom Byrne,a senior vice president of rating agency Moody’s Investors Service,said.

* The government is considering waiving penalties on past cross-border deals that are part of a contentious proposal allowing it to tax transactions retrospectively.


* Hero MotoCorp,the world’s largest two-wheeled vehicle manufacturer,narrowly lagged estimates with net profit of 6.04 billion rupees ($115 million) for the quarter to end-March,up 20.3 percent from a year previously.

* Italian carmaker Fiat is to set up its own car dealer network in India to grow sluggish sales,ending a six-year distribution agreement with Tata Motors.


* Indian debt/FX factors to watch

* Euro,kiwi unsettled by weak data; ECB eyed

* Brent above $118,caution ahead of US jobs data

* Foreign institutional investor flows

* For closing rates of Indian ADRs

For all the latest News Archive News, download Indian Express App