1. Sensex, Nifty slip on global fears as bomb blast rattles Manchester; Asian shares mixed

Sensex, Nifty slip on global fears as bomb blast rattles Manchester; Asian shares mixed

Indian markets today opened in the negative as investors remained cautious over the bomb blast at a pop concert in Manchester. BSE Sensex opened 17.08 points lower at 30,553.89 points while NSE Nifty, the broader gauge, opened 6.8 points higher at 9,445.05 points.

By: | Updated: May 23, 2017 10:05 AM
BSE Sensex opened 17.08 points lower at 30,553.89 points while NSE Nifty, the broader gauge, opened 6.8 points higher at 9,445.05 points. At 9:30 am, BSE Sensex was trading at 30,460.02 points, down 0.36% while NSE Nifty was trading at 9,407.55 points, down 0.33%.

Indian markets today opened in the negative as investors remained cautious over the bomb blast at a pop concert in Manchester. BSE Sensex opened 17.08 points lower at 30,553.89 points while NSE Nifty, the broader gauge, opened 6.8 points higher at 9,445.05 points. At 9:30 am, BSE Sensex was trading at 30,460.02 points, down 0.36% while NSE Nifty was trading at 9,407.55 points, down 0.33%.

Current laggards on the BSE include GAIL down 5.94% to Rs 367.90; Sun Pharma down 5.24% to Rs 606.70; Adani Ports down 2.44% at Rs 345.30, while current gainers include Maruti Suzuki up 2.43% at Rs 6,862.05; Wipro up 1.23% at Rs 527.10 and DHFC down 0.89% at Rs 1,533.00.

Earlier on Monday, US stocks ended higher led by a sharp rise in technology shares as well as defence companies, on the back of reports that the United States and Saudi Arabia have signed a multi-billion dollar arms deal. Saudi Arabia will reportedly buy arms from the US with costs running upto $350 billion over 10 years.

The Dow Jones Industrial Average closed up 89.99 points, or 0.43 percent, to 20,894.83, the S&P 500 gained 12.29 points, or 0.52 percent, to 2,394.02 and the Nasdaq Composite added 49.92 points, or 0.82 percent, to 6,133.62.

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Asian shares were mostly higher in early trading Tuesday. Japan’s Nikkei 225 edged 0.2 percent lower to 19,648.09 and the Shanghai Composite Index fell 0.4 percent to 3,062.85. But other markets were mostly higher. Hong Kong’s Hang Seng index rose 0.2 percent to 25,431.47 and the S&P ASX 200 of Australia was flat at 5,771.60. South Korea’s Kospi gained 0.3 percent to 2,310.02.

Today the Indian Rupee opened down eight paise at 64.63 against the US Dollar, but soon slipped 23 paise to 64.78 due to increased demand for the US currency from importers. Early losses in stock markets too kept the pressure on the domestic unit, dealers said.

Yesterday, the rupee had firmed up by nine paise to 64.55 on the back of dollar unwinding amid continued political worries in the US. The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.14 percent to 97.005. Earlier in the session, it fell to a low of 96.797, its lowest since November 9.

Oil prices rose on Monday as growing confidence that top exporters would agree to extend supply kerbs this week and speculation that the cuts could be deepened further pushed prices to their highest levels in more than a month, said a Reuters report.

Brent futures rose 26 cents, or 0.5 percent, to settle at $53.87 a barrel, while U.S. West Texas Intermediate crude for June rose 40 cents, or 0.8 percent, to settle at $50.73 per barrel on its last day as the front-month.

Central Bank of India, Century Ply, Future Retail, Jindal Steel, Jubilant Life, Tata Motors and Voltas will announce their fourth quarter results today.

 

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