Indian Market:
Equity benchmarks crashed more than 3% during the day post the North Korea fired artillery shells at South Korean islands, which triggered a bit of sell-off from foreign investors as well as shorts build up in afternoon trade. However, the recovery in last one hour of trade suggested that the markets priced in all those jitters - the Sensex recovered more than 300 points from day's low but there was quite a bit of volatility at end.
The 30-share BSE Sensex closed at 19691, down 265 points and the 50-share NSE Nifty was at 5934, down 75 points.
Mahindra & Mahindra Ltd., India’s largest maker of sport-utility vehicles, will pay 427.1 billion won ($377 million) for a controlling stake in Ssangyong Motor Co. to help widen its range and boost sales overseas.
Global Cues:
U.S. stock-index futures dropped, indicating the Standard & Poor’s 500 Index may fall for a second day, after Yonhap News reported North Korea fired artillery shells into South Korea, injuring four soldiers.
North Korea on Tuesday fired dozens of artillery shells at a South Korean island, in one of the heaviest bombardments on the South since the Korean War ended in 1953.
Oil fell to near $81 on Tuesday, extending losses seen in the previous session, as the dollar gained against the euro on fears that Ireland's debt crisis may spread in the euro zone.
Equity benchmarks crashed more than 3% during the day post the North Korea fired artillery shells at South Korean islands, which triggered a bit of sell-off from foreign investors as well as shorts build up in afternoon trade. However, the recovery in last one hour of trade suggested that the markets priced in all those jitters - the Sensex recovered more than 300 points from day's low but there was quite a bit of volatility at end.
The 30-share BSE Sensex closed at 19691, down 265 points and the 50-share NSE Nifty was at 5934, down 75 points.
Mahindra & Mahindra Ltd., India’s largest maker of sport-utility vehicles, will pay 427.1 billion won ($377 million) for a controlling stake in Ssangyong Motor Co. to help widen its range and boost sales overseas.
Global Cues:
U.S. stock-index futures dropped, indicating the Standard & Poor’s 500 Index may fall for a second day, after Yonhap News reported North Korea fired artillery shells into South Korea, injuring four soldiers.
North Korea on Tuesday fired dozens of artillery shells at a South Korean island, in one of the heaviest bombardments on the South since the Korean War ended in 1953.
Oil fell to near $81 on Tuesday, extending losses seen in the previous session, as the dollar gained against the euro on fears that Ireland's debt crisis may spread in the euro zone.
0 comments:
Post a Comment