Monday, 9 March 2015

Todays Market : Indian Markets Witness Bloody Monday



Indian markets witnessed a sell-off as BSE Sensex and NSE-Nifty tanked over 2%. The markets opened today's session on a weak note following global cues. U.S employment figures indicated towards the fact that the Federal Reserve might consider raising interest rates sooner. Amidst speculation coupled with worries over the Greek crisis and Asian economic numbers, Asian stock markets predominantly traded in the red. European stocks are also trading the red following these concerns. DAX and FTSE are trading with 0.4% and 0.7% losses.

BSE Sensex and NSE Nifty fell 604 points and 181 points respectively. Banks, Capital Goods and IT sector were the major losers. However, the pharmaceutical sector was buoyant against the sell off and managed to close in the green. BSE Mid Cap and BSE Small Cap, which fell over 1%, however bettered the broader indices. Crude oil prices have fallen 0.8% and are currently trading at Rs 3,113 per barrel. Gold prices and silver prices have increased 0.5% and 0.4%, respectively. Gold prices, per 10 grams, is trading at Rs 26,100 while Silver prices, per kilogram, is trading at Rs 36,150. The price of Indian Rupee against the U.S. Dollar increased 0.7% to Rs 62.59.



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