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Friday, 12 February 2016
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The S&P BSE Sensex pared gains after rallying over 100 points in morning trade on Friday. The fall in the index was led by losses in ICICI Bank, ONGC, SBI, RIL, and BHEL.The Nifty50 which reclaimed its crucial psychological level of 7,000 in morning trade failed to hold onto momentum. The fall in the index was led by losses in realty, power, oil & gas, metal, consumer durable, banks, and auto stocks.
Indian shares fell more than 3 percent on Thursday and headed for their biggest daily falls in nearly six months, hitting their lowest levels since May 2014, as fears of a slowdown in the global economy hit markets worldwide.
The S&P BSE Sensex pared gains after rallying over 100 points in morning trade on Friday. The fall in the index was led by losses in ICICI Bank, ONGC, SBI, RIL, and BHEL.The Nifty50 which reclaimed its crucial psychological level of 7,000 in morning trade failed to hold onto momentum. The fall in the index was led by losses in realty, power, oil & gas, metal, consumer durable, banks, and auto stocks.
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Fed rate hike worries weigh on markets; Rupee hits 68/$
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