Markets LIVE: Sensex down 200 points dragged by HDFC twins, Nifty below 10750
The BSE Sensex trades lower by nearly 100 points, and the Nifty 50 hovers around 10,750. Here are the latest updates from the markets
Mumbai: Indian benchmark indices BSE Sensex and NSE’s Nifty 50 turned volatile on Thursday amid mixed trends in Asian markets, and as investors turned their focus to corporate earnings beginning next week. The Indian rupee weakened against the US dollar for the second session, tracking losses in Asian currencies. Among major movers, shares of Dena Bank and Vijaya Bank slumped, while Bank of Baroda shares jumped after BoB announced share swap ratio of their proposed merger. Select auto stocks, including Eicher Motors and M&M, extended losses following disappointing December vehicles sales data.
In global markets, Asian stocks wobble and US stock futures fell after a rare revenue warning from Apple Inc added to worries about slowing global growth and weaker earnings. Oil prices slipped nearly 2% amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019. Here are the latest updates from the markets:
Markets LIVE: Sensex down 200 points dragged by HDFC twins, Nifty below 10750
Reviewed by MOR
on
January 03, 2019
Rating:
Reviewed by MOR
on
January 03, 2019
Rating:
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