Equity benchmarks closed rangebound session on a flat note and shrugged off key rates hike by the Reserve Bank of India (RBI). The consolidation was imminent today after a steep rally on Monday. the realty companies' shares have seen sharp cut on expectations that banks may hike home loan rates.
30-share BSE Sensex closed at 20,345.69, down 9.94 points while the 50-share NSE Nifty rose just 1.45 points to 6,119. The Nifty November futures ended at 30 points premium, as per provisional data.
India is unlikely to alter its nuclear law to shield General Electric Co. and other U.S. equipment suppliers from accident claims, derailing hopes of deals during President Barack Obama's visit starting Nov. 6.
Global Market Cues:
30-share BSE Sensex closed at 20,345.69, down 9.94 points while the 50-share NSE Nifty rose just 1.45 points to 6,119. The Nifty November futures ended at 30 points premium, as per provisional data.
India is unlikely to alter its nuclear law to shield General Electric Co. and other U.S. equipment suppliers from accident claims, derailing hopes of deals during President Barack Obama's visit starting Nov. 6.
Global Market Cues:
Most Asian shares declined on Tuesday as the yen traded near a 15-year high before policy meetings this week by the US Federal Reserve and Bank of Japan. The key benchmark indices in China, Indonesia, Hong Kong, Japan, Taiwan and South Korea fell between 0.10% and 0.39%. But, Singapore's Straits Times index rose 0.36%.
European stocks fluctuated as investors waited to see how much the Federal Reserve is willing to support the economic recovery as the central bank's meeting starts today. U.S. futures and Asian shares rose.
Growth in China and India powered ahead last month, providing welcome support for the global economy at a time of sluggishness in the United States and most of Europe and a faltering in Japan's recovery.
0 comments:
Post a Comment