Thursday, March 21, 2013

Share Market ended on a Red Mark Today

Political confusion and weak signals due to the European market fell 0.6 per cent. 18 793 Sensex down 91 points and Nifty closed at 5659 down 36 points. Key equity benchmarks fell for the fifth consecutive day, their longest losing streak since the seven-day fall ending November 19, 2012. The Sensex closed down 91.32 points or 0.48 percent at 18792.87. The Nifty ended session down 35.65 points or 0.63 percent at 5658.75. More than veterans midcap stocks decline Broken Nifty Midcap 2 per cent. BSE Smallcap was also dropped 1.25 per cent

The market fell by only 30 odd points today but the way it has traded this week has been disturbing, says Udayan Mukherjee of CNBC-TV18. He says it suggests that people are waiting for opportunities to go short at every rise and supply is just waiting to come on any pullback -- "that is very disconcerting". Shares in Tata Motors dropped over 4 percent on worries that China's new stringent fuel economy standard would adversely impact the Indian auto maker's Jaguar Land Rover Ltd (JLR) unit. Tata Motors shares tumbled 4 percent on Thursday on reports that stringent new emission norms in China could hurt sales of its luxury Jaguar Land Rover unit.

No comments:

Real Time Analytics