NEW DELHI: Indian indices opened lower on Thursday, tracking somber mood in other Asian peers, as escalating trade melee between two of the world's biggest economies coupled with uncertainty surrounding election outcome dampened mood back home.
President Donald Trump on Wednesday accused China of breaking the deal and warned that it would face stiff tariffs if no agreement is reached. The two sides sent out conflicting signals as they prepared to meet in Washington, with President Trum ..
Asian shares hit six-week lows in early trade. Japan’s Nikkei average shed 0.9 percent to its five-week low, while South Korea’s KOSPI fell 0.8 percent and the Australian benchmark added 0.3 percent
The markets would keep an eye on stocks such as Voltas, HCL TechnologiesNSE -1.02 %, Asian Paints, GMDC, GSPL, HCC, IoB, McDowell Holdings which will report their March quarter results on Thursday.
At around 9:30 am, Sensex was trading 202 points or 0.53 per cent lower at 37,586. Its NSE counterpart Nifty lost 57.85 points, 0.51 per cent to trade at 11,301.
"The breach of last five week’s consolidation (11,550) signifies elongated profit booking as participants turned cautious ahead of General Election 2019 outcome amid escalating trade war tension, in turn suggesting a prolonged corrective bias towards 11250–11200 range in coming weeks. Therefore, we expect the bias to remain negative as long as lower high-low is maintained," said ICICIDirect.
In the Nifty pack of stocks, 16 advanced, while 34 declined.
In the 30-pack Sensex, He ..
For more stock market information click on our twitter page
President Donald Trump on Wednesday accused China of breaking the deal and warned that it would face stiff tariffs if no agreement is reached. The two sides sent out conflicting signals as they prepared to meet in Washington, with President Trum ..
Asian shares hit six-week lows in early trade. Japan’s Nikkei average shed 0.9 percent to its five-week low, while South Korea’s KOSPI fell 0.8 percent and the Australian benchmark added 0.3 percent
The markets would keep an eye on stocks such as Voltas, HCL TechnologiesNSE -1.02 %, Asian Paints, GMDC, GSPL, HCC, IoB, McDowell Holdings which will report their March quarter results on Thursday.
At around 9:30 am, Sensex was trading 202 points or 0.53 per cent lower at 37,586. Its NSE counterpart Nifty lost 57.85 points, 0.51 per cent to trade at 11,301.
"The breach of last five week’s consolidation (11,550) signifies elongated profit booking as participants turned cautious ahead of General Election 2019 outcome amid escalating trade war tension, in turn suggesting a prolonged corrective bias towards 11250–11200 range in coming weeks. Therefore, we expect the bias to remain negative as long as lower high-low is maintained," said ICICIDirect.
In the Nifty pack of stocks, 16 advanced, while 34 declined.
In the 30-pack Sensex, He ..
For more stock market information click on our twitter page
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