Sensex slips on profit-booking, mixed Asian cues.

profitstreetMumbai: Stock markets came off their peak and turned weak early Monday on emergence of profit-booking after recent rally amid mixed Asian cues.The 30-share Sensex, which had gained 135.70 points to close at record high at 31,273.29 on Friday's trade, slipped by 40.64 points, or 0.12 percent, to 31,232.65 with sectoral indices like FMCG, Metal and IT trading in the negative zone, falling by up to 0.27 percent.

On similar lines, the NSE Nifty retreated from life-time high as it succumbed to profit-booking to quote 11.75 points lower, or 0.12 percent, at 9,641.75. It had closed at an all-time high of 9,653.50 on Friday.Brokers said that the emergence of profit booking by participants at record levels amid mixed trend at other Asian bourses kept sentiments down. A lacklustre US jobs report and London terrorist attack on Sunday also weighed on the sentiments.

Among Sensex-30 constituents, major losers were ITC, Coal India, Lupin, Wipro, HDFC Ltd and HDFC Bank, falling by up to 1.17 percent.Among other Asian markets, Shanghai Composite Index fell by 0.25 percent and Hong Kong's Hang Seng shed 0.14 percent in early trade, while Japan's Nikkei was up 0.14 percent.The US Dow Jones Industrial Average ended 0.29 percent higher on Friday'S trade.  
Contact us: - +91-9913158794
Or visit:- http://www.profitstreet.in/
Mail us at:-  info@profitstreet.in

Comments

Post a Comment

Popular posts from this blog

Kotak Mahindra to raise Rs 5,363 crore equity capital

Image
Kotak Mahindra bank said on Thursday its board has authorized the proposal to lift fairness capital of sixty two million shares, with a face worth of Rs 5 each, or Rs 5,363 crore ($819 million) as on Thursday’s closing price of Rs 865. The u . s .’s fourth-largest personal sector lender seems to have dropped the most important hint about its presence in the shopping market, with Thursday’s transfer strengthening speculation of an impending takeover. Kotak shouldn't be new to acquisitions; it paid $2.4 billion for ING Vysya in 2015 – billed as the Indian banking sector’s largest deal yet. In a submitting to exchanges, the financial institution said, “the purpose of raising fairness capital can be to augment Kotak’s capital base to pursue consolidation alternatives within the Indian banking device and monetary products and services space.” Or it's going to use the funds to capitalise on alternatives available in acquisition and backbone of stressed out property in t...
Read more

It's not Goods and Services Tax, it's Good and Simple Tax: PM Modi tells nation

Goods and Services Tax (GST) was implemented at midnight in the ceremony at the Parliament Central Hall, New Delhi. As the country's biggest tax reform, Goods and Services tax (GST) was implemented at midnight, the ceremony at the Parliament Central Hall saw Prime Minister Narendra Modi delivering an elaborate speech, ushering in the "one-tax-one-nation" regime from July 1. Here are 10 key highlights of Narendra Modi's GST speech: #  Referring to the Central Parliament hall as a "pious", Modi said that the nation will collectively usher the GST in the Parliament Hall. #  He said that the GST is a unique example of India's "cooperative federalism", implemented by the "collective efforts of all." #  He assured that the GST will keep the interests of the poor as paramount, making it not just an economic reform but also a social reform. It will benefit the poor as GST exempts traders with turnover less than Rs. 20 lakh and ha...
Read more

Women’s Day Special: Rs 2,000 billion assets ride on shoulders of 18 women money managers

Image
Women are indeed hugely under-represented in Indian equity market, and also in global equity markets. But the few women, who manage around Rs 2,00,000 crore of investor wealth on Dalal Street, have been fairly consistent in delivering returns across market cycles, which make them stand out On the International Women’s Day, Morningstar published a brief profile of the best of the best women fund managers from India’s mutual fund industry. According to the report, as much as 18 women fund managers handle schemes either as primary or secondary managers or as heads of equity/fixed income. Morningstar India undertook a short study to evaluate gender diversity in the Indian mutual fund space. They found that women fund managers constitute about 7 per cent of the industry and manage a total of Rs 2,32,000 crore worth of assets out of Rs 17.89 lakh crore asset under management of the mutual fund industry. his is much below global standards, with women being named fund manager...
Read more