INSUBCONTINENT EXCLUSIVE:
In the sectoral landscape, only metal and private banking stocks traded in the green.The domestic stock markets traded from negative-to-flat
in a volatile session on Tuesday despite positive macro-economic data
At 12:00 pm, the SP BSE Sensex traded at 34,827.37, up 14.38 points or 0.04 per cent while the broader Nifty was at 10,495.60, with a gain
of 13.40 points or 0.13 per cent
Twenty eight out of 50 Nifty stocks traded in the green
Gaining between 1.72 per cent and 4.85 per cent, Indian Oil, Hindustan Petroleum, Bharat Petroleum, Eicher Motors, UltraTech Cement.In the
sectoral landscape, only metal and private banking stocks traded in the green
IT stocks were in the red as the rupee recovered by 29 paise against the dollar in early trade.Experts, however, believe that bulls have a
"Both global as well as domestic cues have affirmative signals for today's trading session
Oil prices fell as well as Rupee is getting a positive momentum and on the macro front there was a good news regarding growth in India's
industrial production to 4.5% in September from 4.3% in August
Overall bulls will have a higher grip in today's market," said Ritesh Ashar, Chief Strategy Officer, KIFS Trade Capital.Asian shares
skidded, pressured by a tech rout on Wall Street and a slump in oil prices, while political risks in Europe buoyed the dollar as investors
dumped riskier assets, reported news agency Reuters
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.4 per cent to a one-and-a-half- week low.In overnight trade, Wall
Street's major indexes tumbled as shares of Apple Inc and Goldman Sachs Group Inc dragged down the technology and financial sectors
The Dow Jones Industrial Average fell 602.12 points, or 2.32 per cent, to 25,387.18, the SP 500 lost 54.79 points, or 1.97 per cent, to
2,726.22 and the Nasdaq Composite dropped 206.03 points, or 2.78 per cent, to 7,200.87.On Monday, consumer inflation stood at a 13-month low
of 3.31 per cent in October against 3.70 per cent in September
Growth in industrial production - or factory activity - stood at 4.5 per cent against the upwardly revised October growth of 4.7 per
cent.The Sensex had closed 345 points lower at 34,812 and the Nifty at 10,482, down 103 points.
