Monday 31 August 2015

Nifty opens at 7900, Sensex slips over 200 pts; banks drag -- 1 Sep 2015

Banks are dragging with top losers like SBI and HDFC. Vedanta, Tata Steel, Bajaj Auto, Tata Motors and L&T are among laggards while ONGC, GAIL, Maruti, Bharti and Cipla are top gainers in the Sensex. 

                                                 
The market has opened lower on economy data. The Sensex is down 194.50 points or 0.7 percent at 26088.59 and the Nifty is down 63.35 points or 0.8 percent at 7907.95. About 123 shares have advanced, 409 shares declined, and 31 shares are unchanged. Banks are dragging with top losers like SBI and HDFC. Vedanta, Tata Steel, Bajaj Auto, Tata Motors and L&T are among laggards while ONGC, GAIL, Maruti, Bharti and Cipla are top gainers in the Sensex. The country's first quarter (April-June) gross domestic product in fiscal year 2015-16 slipped from 7.5 percent in the previous quarter (January-March) to 7 percent. The GDP growth data is calculated under the new methodology (GDP at market prices) that the government's statistics department moved to last year. Meanwhile on the global front, Asian stocks declined early, following a negative lead from Wall Street and as investors digested the slew of economic data out of China. China's official manufacturing purchasing managers' index (PMI) edged down to 49.7 in August from 50 in July, just below the 50-mark that separates expansion from contraction. The final Caixin/Markit manufacturing purchasing managers' index (PMI) came in at 47.3 in August, above a preliminary reading of 47.1 but down from 47.8 in July. Overnight, US equity markets ended in the red to chalk up their worst month since 2012. The Nasdaq Composite closed down 1.07 percent, while the Dow Jones Industrial Average and S&P 500 dropped 0.69 and 0.84 percent, respectively.

For More Detail Visit -- http://www.allianceresearch.in/
0761-4025251, 9993716323

No comments:

Post a Comment