Post Session-Sensex ends lower for 3rd day; sheds nearly 1000 pts in 4
sessions
04/02/2015
Extending losses for the third straight session, the Indian benchmarks closed lower on Wednesday as investors continued profit booking after disappointing earnings from banks. The sentiment turn hostile after the Reserve Bank of India kept its policy repo rate unchanged at 7.75 percent in its sixth-bimonthly policy review on Tuesday. Further, slower-than-expected growth in Indian manufacturing also raised concern over the growth of the Indian economy.
On the global front, Japanese Nikkei bounced back strongly on Wednesday as rebound in oil prices coupled with higher-than-expected corporate results and development on the Greek debt swap deal boosted investors sentiment. Hang Seng extended gain for second day while Shanghai Composite ended lower after data showed that after China’s services sector grew at the slowest pace in six months in January.
The BSE SENSEX closed at 28883.11 down by -117.03 points or by -0.4 per cent and then NSE Nifty ended at 8723.7 down by -32.85 points or by -0.38 per cent
04/02/2015
Extending losses for the third straight session, the Indian benchmarks closed lower on Wednesday as investors continued profit booking after disappointing earnings from banks. The sentiment turn hostile after the Reserve Bank of India kept its policy repo rate unchanged at 7.75 percent in its sixth-bimonthly policy review on Tuesday. Further, slower-than-expected growth in Indian manufacturing also raised concern over the growth of the Indian economy.
On the global front, Japanese Nikkei bounced back strongly on Wednesday as rebound in oil prices coupled with higher-than-expected corporate results and development on the Greek debt swap deal boosted investors sentiment. Hang Seng extended gain for second day while Shanghai Composite ended lower after data showed that after China’s services sector grew at the slowest pace in six months in January.
The BSE SENSEX closed at 28883.11 down by -117.03 points or by -0.4 per cent and then NSE Nifty ended at 8723.7 down by -32.85 points or by -0.38 per cent
