Wednesday, 6 January 2016

INDIAN BENCHMARKS NEWS UPDATES



INDIAN BENCHMARKS are likely to witness gap down opening as the global cues look sluggish with SGX Nifty Trading Tips trading 79.50 points lower. Indian equity benchmarks are set to be rocked by renewed turmoil in China after the country weakened the yuan’s reference rate by the most since August, raising concerns over a worsening slowdown in the world’s second biggest economy, pushing global markets into a tailspin, and prompting traders to shun risky assets. Trading in China’s stock bourses was suspended for a second time this week after the benchmark index slid 7 per cent, triggering an automatic circuit breaker. The World Bank cut the global growth forecasts for 2016 to 2.9 per cent from 3.3 per cent estimated earlier as a slowdown in China prolongs a commodity slump while Brazil and Russia suffer steep recessions.

Headlines for the day
  • Cipla inks pact with US firm for Ropivacaine infusion system 
  • Lupin launches Generic Ortho Tri-Cyclen Lo Tablets 
  • NBCC wins work construction orders worth Rs295 crore from IIT Mandi
Global Indices
  • Asian stocks plummeted as China’s move to weaken its yuan reference rate to an unexpectedly low level raised more anxiety over the country’s economic slowdown. China’s Shanghai Composite fell over 7 per cent before trading was halted, Hang Seng shed over 2 per cent while Japan’s Nikkei 225 tanked 1.8 per cent as a stronger yen curbed the lure for exporter stocks.
  • Doom and Gloom struck Wall Street on Wednesday as worries over a China slowdown, coupled with heightened geopolitical fears amidst Middle East tensions and North Korea’s successful testing of a hydrogen bomb hit sentiment.
  • Investors cast aside mostly upbeat US economic data which showed that private payrolls in the US rose by the most in a year, up by 257,000 in December, services maintained solid growth, with the PMI coming in at 55.3 last month, well above the neutral 50-mark, after 55.9 in November.

Trend in FII flows:   The FIIs were net  sellers of  Rs -352.42 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 13.19 Cr, as per the provisional figures released by the NSE.

Related Posts:

  • Corporate News Update CAPITALSTARS  DAILY CORPORATE NEWS BEML reports Q3 net profit at Rs3 crore (YoY) BEML has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015 (YoY) Net Profit at Rs3.… Read More
  • MCX Bullion News Updates Gold prices-Gold gained in Asia on Thursday off testimony by the Fed chief that the pace of interest rate hikes would be gradual in otherwise holiday-thinned trade with markets in Japan and China shut. On Wednesday morning,… Read More
  • Performance Of The Day CS PERFORMANCE MESSAGE: STOCK FUTURES: FUTURES INTRADAY: JUBLFOOD FUTURE SELL CALL FINAL TGT BEL FUTURE SELL CALL FINAL TGT TCS FUTURE SELL CALL FINAL TGT NIFTY FUTURES: NIFTY FUTURE SELL CALL FINAL TGT OPTION: HDFC 112… Read More
  • INDIAN BENCHMARKS NEWS UPDATES INDIAN BENCHMARKS are poised to bounce back from Thursday’s carnage and open higher on the last day of the trading week as a four-day plunge paves the way for value buying, by investors and speculators, in the local bour… Read More
  • INDIAN BENCHMARKS MARKET WRAP-UP UPDATES INDIAN BENCHMARKS: BLOODBATH ON D-STREET, SENSEX DOWN 800 POINTS, NIFTY 50 BELOW 7000 The S&P BSE Sensex plunged over 800 points breaking the crucial 23,000-mark on Thursday tracking weak cues from other Asian and … Read More

0 comments:

Post a Comment

Blog Archive

Powered by Blogger.