17
Wednesday
July 2019
4:47 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Sensex, Nifty turn cautious ahead of US Fed policy meet
 
Mumbai: Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns.

After rebounding over 150 points in opening session, the 30-share index pared gains to trade marginally higher at 38,969.76 at 0945 hours. Similarly, the broader NSE Nifty was quoting slightly up at 11,678.25.

In the previous session on Monday, the BSE gauge settled 491.28 points, or 1.25 per cent, lower at 38,960.79; while the Nifty cracked 151.15 points, or 1.28 per cent, to close at 11,672.15.

Top losers in the Sensex pack in early trade included Yes Bank, Tata Steel, Asian Paints, HUL, SBI and RIL, shedding up to 1.55 per cent.

On the other hand, PowerGrid, Infosys, IndusInd Bank, HCL Tech, Vedanta, M&M, Bajaj Finance and HDFC rose up to 1.42 per cent.

Investors have turned cautious ahead of the US Federal Reserve's policy meeting, scheduled to begin later in the day, traders said.

According to experts, market is finding it difficult to sustain at elevated levels on the back of muted corporate earnings, slow monsoon season, continuous corporate defaults and developing concerns of India-US trade disagreements.

Further adding to worries are concerns around an escalation of the trade war between the US and China, and impacts for India, as well as US data that showed that the economy may not need a rate cut imminently, they said.

Elsewhere in Asia, while Shanghai Composite Index, Hang Seng and Kospi were trading on a positive note in their respective early sessions, while Nikkei was trading in the red.

Meanwhile, foreign institutional investors sold equity worth Rs 331.27 crore, while domestic institutional investors bought shares to the tune of Rs 1,257.86 crore, provisional data available with stock exchanges showed on Monday.

On the currency front, the Indian rupee appreciated 9 paise to 69.82 against the US dollar.

The global oil benchmark Brent crude futures were trading 0.10 per cent lower at 60.88 per barrel.


Air India passengers travelling to UAE can now carry 40 kgs of check-in luggage
Huawei planning major job cuts in US: WSJ
China GDP growth slows to 6.2 pc in second quarter
RBI to come out with mobile app for currency notes identification
Nine of top-10 firms lose Rs 88,609 cr in m-cap
Pak, Afghan resume transit treaty negotiations
Blunt talk needed in country today, Murthy says, cites his spat with Sikka
Gadkari appeals to MSMEs to plant trees
Infosys Q1 net grows 5.2 pc to Rs 3,802 cr; ups revenue guidance to 8.5-10%
Vistara announces international operations; to launch services to Singapore
Zomato partners with TikTok; conducts food drive in 74 cities
Sebi slaps Rs 65 lakh fine on individual for fraudulent trading
HDFC to raise up to Rs 3,000 cr via bonds to augment long-term capital
80 city-centric plans coming soon to make earth green, sky blue again: Javadekar
Parliament passes Aadhaar amendment bill
RBI to discuss with govt issuance of sovereign bonds: Das
Guj CM orders to cancel permissions given to Sterling Port Ltd at Dahej
Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM
Forget about taxman; focus on business: CBDT to start-ups
Petrol price hiked by Rs 2.45, diesel by Rs 2.36 following tax hike in Budget
KERALA NEWS
Student Stabbed at University College: SFI leaders have gone absconding
 Thiruvananthapuram: SFI unit secretary Nazeem and president Sivaranjith, the two accused in the inci  
Ker CM takes a dig at Congress MLAs on quitting spree
Special Additional Sessions court permits Dileep to travel abroad
Biriyani from Kerala jail on go online
INTERNATIONAL NEWS
''The world was watching'': US commemorates Apollo mission 50 years on
 Cape Canaveral: Fifty years after a mighty Saturn V rocket set off from Florida carrying the first h
China gifts warship to Sri Lanka
ICJ to deliver verdict in Kulbhushan Jadhav case on Wednesday
Will look into allegations of Google-China ties: Trump
NATIONAL NEWS
Former PM Chandra Shekhar''s son Neeraj Shekhar joins BJP
 New Delhi: Neeraj Shekhar, son of former prime minister Chandra Shekhar, joined the BJP Tuesday, ass
11 killed, over 40 feared trapped as Mumbai building collapses
Civic body to impose water cuts in Nagpur from Wed
Chandrakant Patil new chief of Maharashtra BJP
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.