Caution over US rate hike subdues equity markets

Mumbai, March 22 (IANS) Caution over US rate hike, coupled with profit booking and negative Chinese indices dragged the Indian equity markets lower during the early morning trade session on Tuesday.

Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE edged-lower by 48 points or 0.19 percent.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) traded marginally in the red. It dwindled by 21 points, or 0.27 percent, at 7,683.35 points.

The Sensex, which opened at 25,331.01 points, traded at 23,236.96 points (9.30 a.m.) — down 48.41 points or 0.19 percent from the previous day’s close at 25,285.37 points.

So far during the intra-day trade, the Sensex touched a high of 23,331.01 points and a low of 25,198.14 points.

The BSE market breadth slightly favoured the bulls — with 764 advances and 494 declines.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here