Key benchmark indices extended losses and hit fresh intraday low in mid-morning trade. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit one-week low. The Sensex was down 133.23 points or 0.61%, off close to 75 points from the day's high and up about 30 points from the day's low. The market breadth, indicating the overall health of the market, was weak. Weakness in Asian stocks hit sentiment on the domestic bourses adversely.
Bank stocks declined ahead of the announcement of data on wholesale price inflation for the month of February 2014 at 12:00 IST today, 14 March 2014. Sun Pharmaceutical Industries edged lower in choppy trade.
The market edged lower in early trade on weak Asian stocks. The Sensex languished in negative terrain in morning trade. Key benchmark indices extended losses and hit fresh intraday low in mid-morning trade. The Sensex and the 50-unit CNX Nifty, both, hit one-week low.
The stock market remains closed on Monday, 17 March 2014, on account of Holi.
Asian stocks edged lower on Friday, 14 March 2014, after at least four investment banks lowered forecasts for China's 2014 economic expansion after reports on Thursday, 13 March 2014, showed factory output rose in January and February from a year earlier by the least since the global financial crisis, while retail sales grew at the slowest rate for the period since 2004.
At 11:24 IST, the S&P BSE Sensex was down 133.23 points or 0.61% to 21,641.38. The index shed 166.24 points at the day's low of 21,608.37 in mid-morning trade, its lowest level since 7 March 2014. The index dropped 60.17 points at the day's high of 21,714.44 in morning trade.
The CNX Nifty was down 43 points or 0.68% to 6,450.10. The index hit a low of 6,436.70 in intraday trade, its lowest level since 7 March 2014. The index hit a high of 6,472.95 in intraday trade.
The BSE Mid-Cap index was off 42.18 points or 0.63% at 6,629.36. The BSE Small-Cap index was off 47.48 points or 0.71% at 6,602.71. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was weak. On BSE, 1,401 shares fell and 767 shares rose. A total of 113 shares were unchanged.
Bharti Airtel (down 2.35%), L&T (down 1.54%) and Sesa Sterlite (down 1.63%) edged lower from the Sensex pack.
Bank stocks declined ahead of the announcement of data on wholesale price inflation for the month of February 2014 at 12:00 IST today, 14 March 2014. Among private sector banks, ICICI Bank (down 1.63%), Yes Bank (down 2.03%), Federal Bank (down 1.11%), Kotak Mahindra Bank (down 2.92%) and AXIS Bank (down 1.5%), declined.
Among PSU bank stocks, SBI (down 0.05%), Canara Bank (down 1.98%), Union Bank of India (down 2.96%), Bank of India (down 2.82%) and Bank of Baroda (down 1.38%) dropped.
Punjab National Bank shed 0.9%. The bank announced after market hours on Thursday, 13 March 2014, that Dr. R. S. Sangapure has been appointed as Executive Director of the bank in terms of Department of Financial Services, Ministry of Finance, Government of India Notification dated 13 March 2014 for a period upto 28 February 2018 i.e. the date of attaining the age of superannuation or until further orders, whichever is earlier. Further the Bank has informed that, Dr. Sangapure has assumed the charge of Executive Director on 13 March 2014. ..
Bank stocks declined ahead of the announcement of data on wholesale price inflation for the month of February 2014 at 12:00 IST today, 14 March 2014. Sun Pharmaceutical Industries edged lower in choppy trade.
The market edged lower in early trade on weak Asian stocks. The Sensex languished in negative terrain in morning trade. Key benchmark indices extended losses and hit fresh intraday low in mid-morning trade. The Sensex and the 50-unit CNX Nifty, both, hit one-week low.
The stock market remains closed on Monday, 17 March 2014, on account of Holi.
Asian stocks edged lower on Friday, 14 March 2014, after at least four investment banks lowered forecasts for China's 2014 economic expansion after reports on Thursday, 13 March 2014, showed factory output rose in January and February from a year earlier by the least since the global financial crisis, while retail sales grew at the slowest rate for the period since 2004.
At 11:24 IST, the S&P BSE Sensex was down 133.23 points or 0.61% to 21,641.38. The index shed 166.24 points at the day's low of 21,608.37 in mid-morning trade, its lowest level since 7 March 2014. The index dropped 60.17 points at the day's high of 21,714.44 in morning trade.
The CNX Nifty was down 43 points or 0.68% to 6,450.10. The index hit a low of 6,436.70 in intraday trade, its lowest level since 7 March 2014. The index hit a high of 6,472.95 in intraday trade.
The BSE Mid-Cap index was off 42.18 points or 0.63% at 6,629.36. The BSE Small-Cap index was off 47.48 points or 0.71% at 6,602.71. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was weak. On BSE, 1,401 shares fell and 767 shares rose. A total of 113 shares were unchanged.
Bharti Airtel (down 2.35%), L&T (down 1.54%) and Sesa Sterlite (down 1.63%) edged lower from the Sensex pack.
Bank stocks declined ahead of the announcement of data on wholesale price inflation for the month of February 2014 at 12:00 IST today, 14 March 2014. Among private sector banks, ICICI Bank (down 1.63%), Yes Bank (down 2.03%), Federal Bank (down 1.11%), Kotak Mahindra Bank (down 2.92%) and AXIS Bank (down 1.5%), declined.
Among PSU bank stocks, SBI (down 0.05%), Canara Bank (down 1.98%), Union Bank of India (down 2.96%), Bank of India (down 2.82%) and Bank of Baroda (down 1.38%) dropped.
Punjab National Bank shed 0.9%. The bank announced after market hours on Thursday, 13 March 2014, that Dr. R. S. Sangapure has been appointed as Executive Director of the bank in terms of Department of Financial Services, Ministry of Finance, Government of India Notification dated 13 March 2014 for a period upto 28 February 2018 i.e. the date of attaining the age of superannuation or until further orders, whichever is earlier. Further the Bank has informed that, Dr. Sangapure has assumed the charge of Executive Director on 13 March 2014. ..
Source: Hindi News
No comments:
Post a Comment