- Created: Wednesday, 30 July 2014 10:58
Market indices of India are trading low in the market as retail investors are closing profits on selling their position before the monthly expiry dated tomorrow in the derivative dealings. Corporates are reporting unexpectedly lower profits which triggered high sales of positions in the market during the week of July.
Nifty and Sensex opened flat on Wednesday morning as Tuesday night flew off peacefully without any big global cues shaking the markets. Nifty opened red at 7,746 lowered by three points whereas Sensex was green hiked by 14 points valued at 26005.
Further, in the morning trade both the indices of fell down marking red pointers. Nifty lost 7.55 points testing the limits at 7,741.15 points, BSE Sensex dropped steeply by 25.85 points as sellers infused in the market using their positional advantages bringing sensex to 25,965.38 points.
Cumulative reports by market investors and researchers said that markets are looking at further falls in the market as stocks of India are losing benchmarks in global markets as well.
Asian stocks are running the bulls becoming star players in the world markets for the fourth-day in a row. Asian country's benchmark indices broke six-year records expanding gains before US central monetary authority updated the markets. European markets, overshadowed Asian markets, rising above Russian stocks.
BSE segmented indices reflected biggest dip in capital goods as the index shed 4.22 percent in a day. Other major contributors in the red zone included metals falling by 0.63 percent, health care services slipped 0.19 percent and auto segment dropped by 0.17 percent.
Oil, Gas and Consumer Durables topped in the green list of BSE Sensex climbing up by 0.87 percent and 0.99 percent respectively. FMCG and TECk jumped up by 0.52 percent each supporting the falling index.
Top gainers in Sensex listed ITC, Bharti Airtel, ONGC, GAIL and Hero Motocorp and SSLT, Tata Power, L&T, Tata Steel and Tata Motors topped the laggards list on Wednesday.
Economical compilations showed an improvement in customer sentiments in the American markets though, the home loans experienced the same slow flow hampering its growth.
The Federal Reserve raised speculations that it might interfere in bond dealings and entering the bond-buying program again.
US is going to publish its second quarter growth report today amid government is preparing the labor report hiked by more than 231,000 jobs in the month of July.
Highlighting in the Asian Trade, Nikkei 225 climbed 31 points, i.e. 0.2 percent standing firm at 15,649. Hong Kong's benchmark index HSI flew 185.16 points, i.e. by 0.75 percent stopped at 24,825.69.