Time to be cautious
Srujani Panda / 03 Oct 2011
As mentioned in our morning update markets opened negative in line with global cues. The key benchmark indices skidded to one-week lows in early trade as Asian shares slumped on rising concerns of a Greek sovereign default, and worries over China's financial health. All the 13 sectoral indices on BSE were in the red.
Metal shares fell across the board, with Hindalco Industries, Sterlite Industries and Tata Steel hitting 52-week lows as global commodity prices fell. Interest rate sensitive banking stocks fell on worries that elevated interest rates would hurt borrowers' ability to repay loans and increase delinquencies.
The market breadth, indicating the overall health of the market, is weak. On BSE, 873 shares fell and 245 shares rose. A total of 42 shares remained unchanged.
In conclusion, we expect the market to remain negative for the remainder of the day and advice reader to stay cautious. Nevertheless we shall keep updating you regularly through our market commentary.
Previous Updates
08:30 am: Markets expected to remain negative
| Index | Rate | % Change |
| Hang Seng | 16722.46 | -4.95 |
| Nikkei | 8492.76 | -2.39 |
| Shanghai | 2359.22 | 0 |
| SENSEX | 16167.84 | -1.74 |
| NIFTY | 4858 | -1.72 |
Metal shares fell across the board, with Hindalco Industries, Sterlite Industries and Tata Steel hitting 52-week lows as global commodity prices fell. Interest rate sensitive banking stocks fell on worries that elevated interest rates would hurt borrowers' ability to repay loans and increase delinquencies.
The market breadth, indicating the overall health of the market, is weak. On BSE, 873 shares fell and 245 shares rose. A total of 42 shares remained unchanged.
In conclusion, we expect the market to remain negative for the remainder of the day and advice reader to stay cautious. Nevertheless we shall keep updating you regularly through our market commentary.
Previous Updates
08:30 am: Markets expected to remain negative
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.