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vegassports-odds.com March 23, 2017


Indian equities slip on negative global cues, profit booking

21 March 2017, 01:55 | Winston Chapman

Indian market closes lower on Tuesday

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The benchmark BSE Sensex fell nearly 129 points in early trade today due to profit booking by investors after recent strong gains. Shanghai increased 0.41 per cent, Hang Seng rose 0.79 per cent, while Nikkei reduced 0.35 per cent.

All indices closed in the red, except Healthcare, FMCG, Consumer Durables and Auto.

Global cues also remain sluggish, with Asian markets trading broadly lower this morning as oil prices continued their downtrend on supply concerns and the world's biggest economies have dropped a long-standing public endorsement of free trade.

Local stock markets ended lower on Monday erasing earlier gains. European markets were trading in negative territory. It strengthened by nine paise to 65.37 against a USA dollar from its previous close of 65.46 to a greenback.

A weak dollar in overseas markets and selling of the USA currency by exporters and banks supported the rupee in opening trade, forex dealers said.

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Foreign institutional investors (FIIs) were net buyers in the equity segment worth Rs 566.7 million on both BSE, NSE and MCX-SX on March 20, as per provisional data available at the BSE.

The index had gained 250.88 points in the last two sessions.

Top gainers in the Sensex-30 pack: Lupin (up 0.8 per cent), Adani Ports (up 0.8 per cent), Cipla (up 0.7 per cent), HDFC Bank (up 0.6 per cent) and HDFC (up 0.5 per cent).

Major Sensex losers were: Axis Bank, down 2.41 per cent at Rs 504.55; ICICI Bank, down 1.99 per cent at Rs 275.15; Infosys, down 1.87 per cent at Rs 1,020.60; Tata Consultancy Services (TCS), down 1.82 per cent at Rs 2480.80; and Reliance Industries, down 1.56 per cent at Rs 1,280.35.



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