Share markets are unpredictable sometimes it is up and at a certain period they are down. It is difficult to always enjoy the uptrend of a market. It is when Intraday trading is useful to the traders, as they can still earn profits even during the long periods of downtrends.  One of the best ways to earn regularly is when a person is looking for some good returns.

Often businesses cannot all provide such great profits in the short time that trading regularly can ensure. The main aim of this kind of trading is to protect the capital with minimum risks of loss.

Benefits of Intraday or short-selling trading

Traders find several benefits on regular trading options. They are no longer bound to engage and earn through 9 to 5 jobs. Often more time is involved in jobs and businesses. It is best for those who can invest time and a bit of money in trading.

Provides high returns

Compared to any salaried jobs and businesses, it is one of the ways to earn high returns. If you can isolate the best shares and invest effectively after a complete market study. Even when the markets are showing red signals it is possible to earn thousands in a day. The main strategy of short selling is that you are buying or borrowing the shares at the given price. While at the end of the day you have to return the shares and earn the profit.

Learn and earn

Learning does not mostly help you to earn but it is the intraday selling that can allow traders to earn. At the early stage of trading in short selling, you can purchase the shares at low prices and sell them at the end of the day. After gaining some experience you can invest large amounts and earn on high margins.

Brokers also allow betting on larger margins even if you have fewer amounts in your accounts. But for learners, it is best to work with small amounts to avoid major losses.

Have sound sleep

There are no overnight risks with the short-selling shares. Whatever deals take place it is within the given hours which allows a person to relax and plan the upcoming day’s deals.

Are you looking for short-selling trading?

Those who are interested in trading and make good researches on the market values should try short selling. It can be difficult for a beginner to find out the best at the beginning within just five to six hours. But those who are ready to take risks, ready to learn and gain knowledge should try intraday trading. The entire process of buying and selling takes place within six hours and a person will have to increase their research ability to earn the maximum from the trading.

If a person turns to become proficient then he or she can earn without limits. All you need to determine the prices for both entry and target prices on liquid shares. Find out the lowest or no loss limit and then book the profit.

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India looks forward to ditching the China products; it is on the operation to create an “Atma Nirbhar Bharat”.  The major global depression experience was in the Lockdown period when millions had to sit backing home without jobs and money.

Apps and technology a great backup to the Chinese

Simple though intensive planning of apps has been a great beneficial source of income to the Chinese. Apps such as TikTok, We Chat, Weibo, Shareit, and few other apps had provided them a huge profit when none of the countries were able to push their economy during the lockdown. Unknowing it was a time pass as well as a mode of entertainment during the lockdown period and access to financial earnings for China.

India plans of a country that is self-dependent, after banning of China products expect a greater revolution. After India bans China, the assembling of the current units plant is already established in the outer part of China. Foxconn, the manufacturing partner of Apple has started its production but it is limited while planning a better scaling up the production with due of time. Apple it the worldwide renowned company for mobile phones was seeking for a partner. The assembling of the iPhone 11 has already started in India which was not possible last year.

It will enable the buyers to save 20% of the tax on imports, one of the best parts after banning China products. Apart from iPhone’s, the electronic companies like Vivo, Samsung, Oneplus has also focussing to produce locally for increasing the sale and decreasing the rates of the products.  Loss of the market from India will be a great loss, as it is one of the best global markets according to Foxconn.

Global rank can be better

India ranks 4^th in the global market after countries USA, China, and Germany. While in the meantime the major access is possible for the industries related to data processing and electronic manufacturing. Several local start-ups have been gaining stability with the apps. Swiggy and Zomato are leading as apps for the locals holding business to food and restaurants. Several primary and small scale businesses are provided backup with the funds by the Indian Government.

While the entire world was under a strict period of Lockdown that started from the beginning of the year 2020. The reason was widespread of coronavirus which started killing people without detection and treatment. The epicenter was from the part of China, it was Wuhan during the time of December 2019. The sudden unknown spread of the disease took place during the winter that continued to hit global health throughout 2020.

India as the commercial hub with the success with the help of tech giants builds greater supply chains and creates far diversified channels. Scopes of building a top commercial hub and raise the position of India after banning China products are higher. Shifting of the hubs to India will escalate the investments and reduce the worrisome situation of unemployment and poverty. Investors are investing to select land as, labor, technology, and market are never less in India.

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Savings and investments both are important to rethink post-pandemic. Investments that are related to the stock markets in equity funding at present scenario or the savings in the banks are providing the interest almost near to zero. While for the senior citizens the interests are somewhat better than comparing to the other savings.

Major Banks of India, with accounts on fixed deposits, are providing the fluctuating interest rate changing every six months targeting the senior citizens. The interests are not expected to drop in the upcoming days in the account of the fixed deposits.

Fixed deposits have been a traditional method of saving money, which has been one of the safest ways to keep your money. The principal amount will remain intact, while the interests will reduce or increase, though fewer chances to increase except the senior accounts of fixed deposits.

Investments in the stock market after the pandemic

Nothing exceptional can be expected in the stock market when the entire economic recession is rolling globally after the Covid-19 pandemic. The downfall widespread from the euro-economy to the Asian economy, no difference in the investments are observed to raise, it is a historical steep fall of the economy. When looking into the stock market, the investors who have a high risk of their limited capital.

It is obvious that during the low market, the capitals should be gamed into the stock market with proper research of the companies and the market. Rethink about the savings and investment that may block your capitals with a risk. Overlooking the pros and cons of capital protection and the necessity of increasing the savings in your account with the minimal interest can bring hard times that are long to exist.

For those who are long players in the stock market has to put an eye on the flow of the liquid money and the different terms that are related to the liquidity specifically for the high stock returners.

Recently observing into the liquidity post-COVID-19 pandemic when the Government of India has restricted the interests to the lower level; comparatively the flow of the liquidity has always shown an opposite graph. It shows a peak with high prices of the stock, no doubt, considering it as a short-term return to the investors.

Investors need a second thought on investing based on the short term return on the rising prices of the stock markets. Well! Investors who have invested almost before the market stock peaks and before the worsen period of the Covid-19 will find some good time in with an increase in prices, with the roll of the companies in stock markets.

Above all, we have to also look into the midcap and small-cap funds that indicates the low progress in the 10-year returns. Unsatisfying to the returns ranging from the 9.05 to 9.74 percent that is seen in the 10 years returns.

So, being highly calculative it is important to save the maximum, while if you want to invest then the interests from the capitals can be implemented as an experiment to check the stock market. Comparing between savings and investments, it is necessary to intensify into savings rather than risks on investments.

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2 % is the thumb rule by which any investor in real estate can understand and find out the rent when compared to the price ratio. It is a common practice for the measurement of the rents where the calculation stands beneficial if it is equal to 2 % or more than it, but below is not recommended.

For the last few years, the real estate industry has become one of the booming industry. Depending on the business dealing with purchasing properties the thumb rule has been introduced which makes the deal calculation easier. While specific rule fro the rented properties has made explaining and understanding on both sides accurate and trustworthy.

Categories and benefits for the investors

• This thumb rule is best for the investors who are new in the rental property dealing and have less money to spend on maintenance. Requires fewer cash flows and can provide a better return as the tenants. Real Estate investors are in both residential and commercial sectors, but in order to save a good amount, it becomes important that the maintenance is effectively checked before hiring the space.
• Most of the time while finding property has become difficult on 1 percent, it does not exist because of the sudden cash flows, is observed on unplanned amenities of the spaces. But the 2% thumb rule has made a difference and increased the value of the rental property. Mostly low-cost properties are set on values for the investors who will buy them at an affordable rate.

• The cash flow can be guessed at the beginning when you are up to invest in the property, so if you are looking for prices on rent, by properly visualizing the area and making a list of the cash flow one can step forward as an investor.
• Though the 2 percent thumb rule is applicable in all sectors in real estates for the investors few from certain areas do not gain much profit. Whom can you blame for the loss? Mostly the causes of the loss are the uses of the spaces in seasonal times. So, space is rented for a certain period and after which the place is vacant. Investors are mostly at a major loss when the rented area is not used round the year.

• In these seasonal sectors of real estate, the price rate cannot work on the thumb rule and so it becomes a high rated demand than the considered rule.  But in cases of high-cost properties, the requirements and benefits differ. The 2 percent thumb rule for the large and useful properties on rent has the best impact from the thumb rule.

The price of the maintenance matters a lot, generally when it is maintained by the investors the expenditure on the maintenance causes a huge difference in earning the profits after paying the electrical bills and other factors involved in expenditure. But in cheaper rented property areas the maintenance may be of same costing or more but will not provide a huge benefit as prior.

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Most popular smartphones – Smartphones now rule the roost for obvious reasons, they minimize your work by every which means and keep you connected to the world. Push notifications are your saving grace when you are out and about your daily schedule and have little time to spare to know the happenings around the world or keep track of your social media accounts, that is to say.

The market has been inundated with a series of smartphones but our brand loyalty towards Apple and Samsung eclipses our vision sometimes. There are many potential counterparts of the aforementioned ones that go unnoticed by the Apple enthusiasts and here are the names:

Most popular smartphones –

iPhone X:

Our above statement may look contradictory to you as we are mentioning Apple’s potency here, but is needs a special mention for having emerged as the highest-selling smartphone of the year 2018 in just the matter of three months. It is also believed to be the most profitable smartphone in the world now which fetched 35% total handset profits to the company.

iPhone 8:

This stands next after iPhone X in the highest selling smartphones of 2018 that garnered humungous profit in the first 3 months. This is opted for by many as being one of the cheapest of the Apple reservoir. Also, iPhone X receives a neck-to-neck competition from iPhone 8 in the US, no matter if they belong from the same house.

iPhone 8 Plus:

This is the next big screen alternate of iPhone 8 embedded with the same features and some more. This generated a skyrocketing profit in the last few months which is numerically 15.2% of the total smartphone industry.

Apple iPhone 7:

This belongs to the 2016’s line-up from the Cupertino based tech giant which carved a niche in the market lately and became the fourth-most selling smartphone in the first quarter of 2018. It holds the 6.2% of whole industry profit, now that’s really impressive.

Xiaomi Red Mi 5A:

It broke past Apple’s record to secure the fifth position in the highest selling smartphones of the world list. In just the matter of three months from being introduced, it was lauded by the audience at large and became pretty popular across the countries like India and China.

Samsung Galaxy S9 Plus:

Samsung has a stronghold over the market and it is not going to relinquish the position anytime soon in view of the cutting-edge technology having being introduced constantly. This phone ranks the sixth in the list of highest selling smartphones of the world and the flagbearer of the growth parameter is Galaxy S9.

These are Most popular smartphones across the world – These six smartphones will lacerate at your pocket by some degree but they will be completely worth your while for providing the best technology and value for money. The durability is not a concern if you invest in these phones and software problems too are pretty less as compared to their other cheaper counterparts. Many of us steer clear from Apple as being complicated but all you need is to get the proper hang of it.

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Be prepared to sing the song ‘Sona Nahi Na Sahi, Chaandi Nahi Na Sahi, Fikar Kya Hai Main Hoon Na Tere Liye’ from the movie One Two ka Four from now on!

Why? Well, if you have plans to invest in the Gold market of India this season, take it slow! You are in for a slightly rude shock… especially if you are Gold crazy! This report will bust a few myths and will also tell you how much to actually invest in Gold if you really want to buy it.

Gold is the second-largest import item for India after the petroleum goods. A higher gold-import bill is adversely affecting the country’s current account deficit (CAD) and the sudden hike in import duty is worsening the situation even more!

The Current Situation

• Currently, theUS economy is emerging from a slump and this is leading to their Federal Reserve hiking interest rates on import of Gold bars and biscuits (bullion)again. This may be good for their economy, but the strengthening force of the US Dollar is weakening the global Gold market.

• Since the US is tightening its monetary policies, Gold’s global value is taking a massive hit which is spelling like doomsday for India – where people eat, sleep, breathe and even fart Gold!

• The reduction in custom duty for Gold has declined its prices in India and currently it is around the INR. 27615 mark on the MCX index. Experts had believed that it will breach the INR.25000 mark, but it has not gone down INR 26500 until now which is sad for people who wish to invest in Gold.

• If predictions are to be believed, Gold prices are on the rise now since the wedding season is coming to an end and this might see Gold M retail at INR 27900 and above. Gold Guinea might retail at INR. 22000 since the market is not willing to stabilize.

Future of your beloved ‘Bullion’ In India?

• Gold prices did fall on AkshayaTritiya, but not everyone can buy Gold in one swoop! After all, 10 grams is nothing!

• If the new Gold import norms do not come into being soon, Gold prices are bound to rise and will go beyond the sub-28k mark if India does come up with a magical solution.

• If that happens, the jewellery market as well as Gold traders will benefit from massive sales since the sales will go up. People always love to buy Gold when its prices drop at an all-time low.

Government Actions Leading To Serious Ramifications

• The current customs duty imposed on Gold is valued at 10 percent, however in the recently announced Budget this percentage has been hiked by3 percent instead!

• The government has scrapped the blatant Gold import norms called the ’80:20′ scheme, wherein 20 units had to be explicitly exported for every import of 100 units of Gold. This move was potentially thought to be positive for the market, but it seems to have failed to support Gold sales since demand is at an all-time low.

• Why? Because Gold reserves are dwindling since Indian households have more Gold than the Indian government has! Every year the govt. has to release more bullion into the market to help keep it stable, but this is leading to shortage of Indian-made Gold.

• To desist people from buying Gold, the govt. has no other option but to hike the import duty.

• Reduction in customs duty in the next budgetas per the expectation can result into fall in Gold prices. Many experts believes that positive outlook for Gold trading due to decrease in customs duty will emerge as significant tool to bring stability in Indian Gold market.

• To boost export, RBI has eased Gold import norms, which is a great sign towards strengthening Indian Gold market.

What Should You Do?

• Unless you have to gift someone Gold or have a marriage to see through, buying Gold in excess is a bad choice right now, especially from an investor’s point-of-view.

• To keep it simple, consider this, the Gold that you buy today at sub-27k might reach sub-28k, but you cannot sell it at that value if you have physical Gold in your locker. Why? Processing and making charges are cut every time you make a transaction in Gold!

• Gold is on the decline now, but that has no link with long-term investing. Gold’s value is set to hit an all-time low in the next decade. Why? Because the yellow metal is being substituted by Platinum and Diamonds. Don’t get us wrong! Gold will never be as cheap as you think it might be, it is just losing its overall charm due to such steep prices in the current market.

Outlook For 2015 And Beyond?

• Buy Gold, but in small numbers only! Do not think that investing in sub27k Gold will make you immense profits when it reaches sub-30k in the future. Why? Since market conditions can alter in a snap-second! Do not speculate if you have limited money.

• Invest only 10% of your savings in Gold. That is the smarter way to do it, if you really want to take the plunge. Investing in Gold stocks is better than buying physical Gold. That way, you are not stuck with an asset that can suddenly depreciate in value.

• Gold prices are low in India for the moment, but sales are yet not that high since Gold Premiums are going slow because base-Gold price fell at USD 1,240.61 from USD 1,243.06 an ounce.The numbers may seem small, but add up to a lot when bought in bulk.

• Since China’s Gold demand has fallen, India’s exports are seeing a massive hit.

• Further decline in Gold prices will see the Gold mines fuming and this will lead to the cost rising to about $1,300 an ounce. Imagine the price of Gold then!

Gold will trade ahead with a broad negative bias and chances of sharp recovery are slim. The volatile state of the Indian rupee and govt. interventions on the Gold imports are hampering sentiments.

To sum it up, buy it, but in small quantities only! Investing in more than 50 grams for the long run might see you crying in the future. If you want to keep your assets secure, act smart and read the advice above diligently!

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Titan Company Ltd. has set up a dedicated facility ‘Karigar Centre’ at Hosur across the inter-state border to craft handmade gold jewellery and revive the age-old profession and art of craftsmanship.

“Artisans who craft exotic jewellery provide a lifeline to our industry, which dates back 5,000 years in India. Lack of attention and support to the goldsmith community rendered the profession unattractive and inadequate,” Titan managing director Bhaskar Bhat said Tuesday.

Spread over 11,990 square feet, the first such centre in India aims to transform lives of artisans and set a benchmark for the industry players to enable their craftsmen hone talent and pursue a healthy career.

“Our initiative will transform lives of artisans from across the country, including from West Bengal, Rajasthan and Kerala, as the centre focuses on addressing challenges associated with attracting and retaining talent in making designer jewellery for us,” Bhat said.

The centre has a capacity for 300 artisans at a time to craft handmade jewellery.

“The environment in which artisans work at many locations has remained primitive in terms of health, safety and comfort. As a result, they are not only under great pressure, but also their career span gets reduced,” he said.

Titan jewellery chief executive C.K. Venkataraman said the centre would improve the lifestyle of artisans who were yet to get a rightful place in the multi-crore industry.

“The centre will redefine the way handmade gold jewellery is made in our country and transform work systems, processes, infrastructure and other amenities, giving artisans an opportunity to be at home-away-from home,” he said.

As part of the Tata group, Titan jewellery is marketed under three brands – Tanishq, Zoya and Goldplus – through its retail chain, including 195 boutiques in 90 cities across the country.

 IANS

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Soon, get your favourite shoes or that wedding dress deliver right in your car irrespective of wherever your vehicle is moving or parked!

Swedish auto maker Volvo has created a single-use digital key which postal or delivery services can use to locate a vehicle and open it.

“The system would allow consumers to have shopping delivered straight to their car, no matter where they are,” the company said in a statement.

The owner would be informed via smart phone or a tablet when a delivery company wants to drop off or pick up something from the car.

The owner of the car would then accept the delivery and can track when the car is opened.

Volvo did a trial with 100 car owners and 86 percent of them agreed that ‘roam delivery’ saved them time.

Volvo is scheduled to present the new technology at Mobile World Congress in Barcelona, Spain, Feb 24

IANS

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A benchmark index of Indian equities markets was trading flat at 80.51 points or 0.39 percent up during the pre-noon trade on Tuesday.

Good buying was observed in healthcare, auto and IT sectors, while selling pressure was seen in banking index (bankex) sector.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,732.44 points, was trading at 20,740.03 points in the pre-noon session, up 80.51 points or 0.39 percent from previous day’s close at 20,659.52 points.

The Sensex touched a high of 20,784.03 points, and a low of 20,731.54 points during the trade so far.

The S&P BSE healthcare index surged 146.33 points, IT index gained 75.90 points and auto index went up by 68.61 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat at 23 points or 0.37 percent up at 6,177.70 points.

-IANS

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A benchmark index of Indian equities markets was trading flat at 1.10 points or 0.01 percent down in the early morning trade on Monday.

Selling pressure was observed in oil and gas and auto sectors while good buying was observed in healthcare sector.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,714.26 points, was trading at 20,714.48 points in the early session, down 1.10 points or 0.01 percent from previous day’s close at 20,715.58 points.

The Sensex touched a high of 20,740.78 points, and a low of 20,667.02 points during the trade so far.

The S&P BSE oil and gas index dropped 34.76 points and auto index slipped 41.77 points. However, healthcare index gained 90.24 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat at 7.80 points or 0.13 percent up at 6,176.20 points.

-IANS

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A benchmark index of Indian equities markets was trading down at 170.13 points or 0.81 percent in the pre-noon trade on Friday.

The sectors which saw maximum selling pressure were banking index (bankex), capital goods, oil and gas and metal.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,867.17 points, was trading at 20,755.48 points in the pre-noon session, down 170.13 points or 0.81 percent from the previous day’s close at 20,925.61 points.

The Sensex touched a high of 20,867.17 points and a low of 20,747.40 points during the trade so far.

The S&P BSE bankex plunged 258.09 points, capital goods index dipped 161.30 points, metal index slipped 89.49 points and oil and gas index dropped by 84.63 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading down by 54.85 points or 0.88 percent at 6,182.20 points.

-IANS

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A benchmark index of Indian equities markets was trading down at 150.24 points or 0.71 percent in the pre-noon trade on Thursday ahead of the retail inflation data later in the day.

The sectors which saw maximum selling pressure were banking index (bankex), oil and gas, metal and auto sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 21,101.05 points, was trading at 21,021.17 points in the pre-noon session, down 150.24 points or 0.71 percent from the previous day’s close at 21,171.41 points.

The Sensex touched a high of 21,103.80 points and a low of 21,004.89 points during the trade so far.

The S&P BSE bankex plunged 128.43 points, metal index plummeted 80.62 points, oil and gas index dropped 76.40 points and auto index slipped 137.31 points. 

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading down by 48.65 points or 0.77 percent at 6,259.25 points.

-IANS

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A benchmark index of Indian equities markets was trading down at 118.89 points or 0.56 percent in the pre-noon trade on Wednesday.

The sectors which saw maximum selling pressure were banking index (bankex), capital goods and oil and gas sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 21,191.27 points, was trading at 21,136.37 points in the pre-noon session, down 118.89 points or 0.56 percent from previous day’s close at 21,255.26 points.

The Sensex touched a high of 21,200.51 points and a low of 21,110.62 points during the trade so far.

The S&P BSE bankex dipped 140.54 points, capital goods index dropped 121.06 points and oil and gas index slipped 105.81 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading down by 33.85 points or 0.53 percent at 6,299 points.

-IANS

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A benchmark index of Indian equities markets surged 316.31 points or 1.51 percent in the pre-noon trade on Monday following the Bharatiya Janata Party’s win in state assembly elections.

All the sectors were trading in green. The rally was led by banking index (bankex), capital goods and metal sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 21,416.67 points, was trading at 21,312.84 points in the pre-noon session, up 316.31 points or 1.51 percent from previous day’s close at 20,996.53 points.

The Sensex touched a high of 21,483.74 points and a low of 21,282.64 points during the trade so far.

The S&P BSE bankex surged 190.37 points, capital goods index gained 60.19 points and metal index increased by 57.27 points. 

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also surged and was trading up by 95.35 points or 1.52 percent up at 6,355.25 points.

-IANS

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A benchmark index of Indian equities markets was trading flat at 1.04 points down or 0.00 percent in the pre-noon trade on Friday.

Good buying was seen in auto and consumer durables sectors while selling pressure was seen in banking index (bankex) sector.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,955.74 points, was trading at 20,956.77 points in the pre-noon session, down 1.04 points or 0.00 percent from previous day’s close at 20,957.81 points.

The Sensex touched a high of 21,049.84 points and a low of 20,922.45 points during the trade so far.

The S&P BSE auto index gained 86.98 points and consumer durables index went up by 75.17 points. However, bankex went down by 27.54 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat at 1.50 points or 0.02 percent down at 6,239.60 points. 

-IANS

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Led by good buying support in banking, capital goods and realty stocks, a benchmark index of the Indian equities markets soared past the 21,000-points-mark in pre-noon trade on Thursday.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened sharply higher at 20,992.25 points, was ruling at 20,995.21 points in the afternoon session, up 1.38 percent or 286.50 points from its previous day close at 20,708.71 points. 

The benchmark Sensex soured past the psychological resistance level of 21,000 points and touched a high of 21,165.60 in the intra-day in a 456-points jump. 

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was ruling 1.30 percent or 80 points higher at 6,240.95 points. 

There was strong buying support in banking, capital goods, realty, PSU and power stocks. 

Banking index of the BSE soared 4.14 percent. Capital goods index jumped 3.33 percent. Realty index rallied 1.92 percent. PSU index was up 1.49 percent and power index was trading 1.41 percent higher. 

-IANS

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A benchmark index of Indian equities markets on Wednesday ended trade 146 points or 0.70 percent lower as sentiments were hit by the US federal reserve possibly tapering off its bond buying programme on the back of better-than-expected US job creation data.

The traders were also cautious on the outcome of the recent state elections.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 20,839.45 points, closed at 20,708.71 points, down 146.21 points or 0.70 percent from its previous day’s close at 20,854.92 points.

The Sensex touched a high of 20,863.37 points and a low of 20,673.62 points intra-day.

The S&P BSE automobile index was lower by 128.93 points, followed by capital goods index was down 98.13 points and the bank index ended Wednesday’s trade 73.52 points down. 

However, BSE metal index closed 24.64 points up, information technology (IT) index was higher by 7.59 points and the power index was up 5.13 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed trade 40.90 points or 0.66 percent down at 6,160.95 points.

Major Sensex gainers were: Tata Power, up 2.44 percent at Rs.82; Wipro, 1.95 percent at Rs.491.60; Tata Steel, up 1.25 percent at Rs.414.30; Jindal Steel, up 1.07 percent at Rs.278.45; and Infosys, up 0.49 percent at Rs.3,365.

The main losers were: Hindalco Inds, down 2.50 percent at Rs.120.75; ICICI Bank, down 1.93 percent at Rs.1,065.15; ITC, down 1.86 percent at Rs.313.25; ONGC, down 1.66 percent at Rs.287.35; and Tata Motors, down 1.58 percent at Rs.393.

Among the Asian markets, Japan’s Nikkei closed 2.17 percent down and China’s Shanghai Composite Index was higher by 1.31 percent, while Hong Kong’s Hang Seng lost 0.76 percent.

In Europe, London’s FTSE 100 was trading 0.17 percent down, Germany’s DAX Index was higher by 0.01 percent and the French CAC 40 Index fell by 0.12 percent.

-IANS

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A benchmark index of Indian equities markets was trading flat at 17.66 points or 0.08 percent down in the morning trade on Wednesday.

Good buying was seen in metal sector, while selling pressure was seen in capital goods and banking index (bankex) sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,839.45 points, was trading at 20,837.26 points in the early session, down 17.66 points or 0.08 percent from previous day’s close at 20,854.92 points.

The Sensex touched a high of 20,854.57 points and a low of 20,789.44 points during the trade so far.

The S&P BSE metal index gained 65.05 points, while capital goods index slipped by 78.86 points and bankex went down by 42.69 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat at 4.20 points or 0.07 percent down at 6,197.65 points.

-IANS

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A benchmark index of the Indian equities markets fell 27 points on Tuesday due to selling pressure in FMCG, auto and banking stocks.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened in the negative at 20,857.85 points, was trading at 20,870.61 points in the afternoon session, down 0.13 percent or 27.40 points from its previous day close at 20,898.01 points. 

The Sensex touched a low of 20,826.73 points and high of 20,927.05 points in the intra-day. 

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was trading 0.25 percent or 15.65 points down at 6,202.20 points. 

There was selling pressure in FMCG, auto, banking and PSU stocks, while some buying support was witnessed in metal, oil and gas, IT and power sectors. 

The BSE’s FMCG index of the BSE was down 0.69 percent, the auto index fell 0.50 percent, the banking index was down 0.35 percent and the PSU index was trading 0.31 percent lower. 

-IANS

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A benchmark index of the Indian equities markets rose 126 points on Monday, led by good buying support in financial stocks.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened in the negative at 20,771.27 points, was trading at 20918.39 points at around noon, up 0.61 percent or 126.46 points from its previous close at 20,791.93 points. 

The Sensex touched a high of 20,941 points and low of 20,770.51 points in the intra-day. 

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was ruling 0.64 percent or 39.40 points higher at 6,215.50 points. 

There was good buying support in banking, healthcare, capital goods and realty stocks. 

The healthcare index was up 1.89 percent, the banking index was ruling 1.59 percent higher, the capital goods index was up 1.58 percent and realty was 1.19 percent higher. 

-IANS

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