SME Times is powered by   
Search News
Just in:   • Goyal urges textile industry to focus on speed, skill and scale  • Goyal reviews the Amended Technology Up-gradation fund Scheme  • Stage set for pvt investment cycle  • Service rendered by govt, not its agency, only exempt from GST  • Cochin Airport ventures into hydropower production 
Last updated: 12 Oct, 2021  

BSE.9.Thmb.jpg Global cues, oil prices subdue equity indices; IT stocks decline

Bse.9..jpg
   Top Stories
» Goyal urges textile industry to focus on speed, skill and scale
» Goyal reviews the Amended Technology Up-gradation fund Scheme
» Stage set for pvt investment cycle
» PM interacts with domestic vaccine manufacturers
» Goyal calls for free trade within rules-based multilateral trading system
SME Times News Bureau | 12 Oct, 2021
Weak global cues as well as rising crude oil prices subdued India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- during Tuesday's mid-afternoon trade session.

Globally, stock markets weakened following a decline in the US overnight as rising crude oil prices accelerated concerns about prolonged inflation and monetary policy tightening.

Among sectors, consumer durables and realty have gained the most, whereas, IT and Telecom have lost the most.

Consequently, the 30- scrip sensitive index traded at 60,181.97 points, around 2.30 p.m., up 46.19 points or 0.077 per cent from its previous close.

Besides, the NSE Nifty50 ended at 17,966.05 points, up by 20.10 points or 0.11 per cent.

"Nifty opened higher and made an intraday high during the first 10 minutes of the day. It later fell in line with other Asian markets and made low in noon," said Deepak Jasani, Head of Retail Research, HDFC Securities.

"A gradual recovery followed. Volumes on the NSE are in line with the recent average and the advance decline ratio is even."

According to Gaurav Garg, Head of Research, CapitalVia Global Research:

"Traders were cautious as a private report stated that the Reserve Bank is likely to change the stance of its monetary policy and hike rates from the first quarter of 2022."

"Some concern also came after the World Bank said that the debt burden of the world's low-income countries rose by 12 per cent as countries responded to the Covid-19 crisis with massive fiscal, monetary and financial stimulus packages."
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 25 Oct, 2021
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter