Indian Indices:
Indian shares closed slightly higher on Wednesday, led by drug maker Aurobindo Pharma Ltd after stellar quarterly results, but sentiment remained edgy as investors awaited further cues on whether the U.S. Federal Reserve will raise interest rates this year. The S&P BSE Sensex and CNX Nifty rose 0.25%-0.21% each.
The volatility will persist in the market as investors await Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike.
Meanwhile, volatility will also remain high at the local bourses as traders roll over their positions due to the August Futures & Options (F&O) contract expiry this Thursday.
The BSE SENSEX closed at 28059.94, up by 69.73 points or by 0.25 per cent, and the NSE Nifty was at 8650.3, up by 17.7 points or by 0.21 percent.
Global Market:
Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the greenback held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting.
Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months.
European shares rose on Wednesday, helped by a buoyant banking sector, while a disappointing update from British miner Glencore dragged the mining sector lower.
Major Headlines of the day:
• Monsanto India pulls out new GM cotton seed from India
• PNC Infratech doubles net profit to Rs54.20 crore
• State Bank of India to partner LIC to form credit enhancement fund
Trend in FII flows: The FIIs were net sellers of Rs -39.28 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 129.18 Cr, as per the provisional figures.
Get more details here:-
Commodity Market Tips
Equity Tips
0 comments:
Post a Comment