Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

MARKET COMMENT : Sensex Likely Down, 19,200 Support - Dealer

02/21/2013 | 10:46pm US/Eastern

0330 GMT [Dow Jones] The Sensex is likely to open lower on negative cues from most regional markets following weak economic data from Europe and as investor mood remains cautious ahead of the crucial annual budget announcement at the month-end, say dealers. "The benchmark is called to start 35-50 points lower, led by selling by domestic institutions in banks and select consumer names," says a dealer. He adds, the index closed near its intraday low last session and a falling local currency against the U.S. dollar will further weigh on trade. He tips the Sensex to find immediate support at 19,200. Another market dealer says short-covering after a sharp sell-off Thursday and foreign fund inflows--they purchased stocks worth a provisional INR12.14 billion--will support and limit a sharp fall. The Sensex ended down 1.6% at 19,325.36 Thursday--its biggest single-day loss in about seven months. (gurdev.singh@dowjones.com)

 
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com 
 
 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news
Date Title
<1m ago HANSA : Net Asset Value(s)
<1m ago HANSA : Net Asset Value(s)
<1m ago HANSA : Net Asset Value(s)
<1m ago POZAVAROVALNICA SAVA DD : Notice on Determination of Price and Purchase Quantity in the OTC Buyback Programme
<1m ago UPDATED FOOD RECALL WARNING (ALLERGEN) : Cool Runnings Brand Curry Powder Recalled Due to Undeclared Peanut and Almond
1m ago EQUITY ALERT : Rosen Law Firm Reminds GT Advanced Technologies, Inc. Investors of Important Class Action Deadline -- GTAT, GTATQ
1m ago EQUITY ALERT : Rosen Law Firm Reminds Aeterna Zentaris, Inc. Investors of Important Deadline in Class Action Filed by the Firm -- AEZS
1m ago ACTRON TECHNOLOGY : Car Collector Corner: Christmas Visit With Santa Provides Gift Suggestions For Car And Motorsport Enthusiasts
3m ago 3MV ENERGY : Announces Third Quarter 2014 Results
10m ago HSBC : Banks to arrange $1.5 billion loan for Egypt to repay foreign energy firms
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : Currys PC World stands poised for one order every second on Black Friday
AUGEAN : Chairman Buys 55,000 Shares (DIRECTOR DEALINGS)
MJ GLEESON : Expects Results To Beat Expectations On Strong Homes Unit
PROXAMA : In Final Stages For Proposed Aconite Acquisition (ALLISS)
MIRADA : New Commercial launch - Telefonica Peru
Most Read News
36m ago U.S. Black Friday shopping marked by thinner crowds, protests
18m ago DEUTSCHE LUFTHANSA : German pilots union says fresh strikes imminent at Lufthansa
48m ago HORIZONS ACTIVE S&/TSX 60 : ETFs announces closure of ETF
50m ago NGEX RESOURCES : Updated Share Capital and Voting Rights for NGEx
49m ago NEFTYANAYA KOMPANIYA LUKOIL : Russia's Lukoil says may cancel some treasury shares
Most recommended articles
18m ago DEUTSCHE LUFTHANSA : German pilots union says fresh strikes imminent at Lufthansa
36m ago U.S. Black Friday shopping marked by thinner crowds, protests
47m agoDJAirbus Trims Dassault Aviation Stake -- Update
1h agoDJChinese Social-App Group Momo Expects to Raise $256.6 Million in IPO
1h ago Lawsuit accuses Wells Fargo of biased lending in Chicago area
Dynamic quotes  
ON
| OFF