Monday 19 December 2016

Live Stock Market Updates - Nifty Hovering Close To 8100; Auto, Bank Down

Posted by suhani varma on Monday, December 19, 2016 with No comments

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Sensex, Nifty started of the Monday trading in red. Nifty sectoral indices are trading in red wherein Nifty Auto and Financial Services were the worst hit. Also, the Sensex indices are trading in negative and on average down 0.25-0.30%.

US Benchmark indices ended on the lower side of Friday. Dow Jones Industrial Average index has been hovering close to critical 20000 mark, also ended on the weak note after it managed to gain for 6 continuous weeks. Nasdaq Composite ended at 5437 down 0.36%, S&P 500 closed at 2258 down 0.18% while Dow Jones Industrial Average ended at 19843 down 0.04%.

Key Asian indices were trading in red. This week the outcome of Bank of Japan's monetary policy meeting is scheduled. Also, a relief is the fact that China has agreed to return a drone it had seized, providing breather to the rising diplomatic tensions between the world the US and China. China's Shanghai Composite opened at 3,120, Singapore's Strait Times started at 2,930, Hong Kong's Hang Seng opened at 21,945 and Japan's Nikkei 225 opened at 19,345.

The Indian American Depository Receipts (ADRs) also ended on a weak note, however, in the list Tata Motors and Infosys were on the gaining side. While, Vedanta, ICICI Bank, HDFC Bank, Sify, Dr Reddy's and Wipro were on the losing side.

With regards to December futures of SGX Nifty 50 were marginally down on weak cues from global markets. At the time of filing this report, SGX Nifty was at 8,125 down 21.50 points.

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