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
Recommend:
0

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

Recommend :
0
React to this article
Latest news
Date Title
1m ago Frankfort Chiropractor Explains Link Between Nutrition and Chronic Health Conditions
2m ago Lindenhurst Chiropractor Launches Nutrition Website
4m ago DEEP WELL OIL & GAS : Updates Shareholders on Sawn Lake Heavy Oil Project
11m ago STATOIL ASA : It's all about transparency
19m ago CHINESE PEOPLE : China marks 65th anniversary of political advisory body
31m ago T A T TECHNOLOGIES : TAT Technologies Wholly Owned Subsidiary, Piedmont Aviation Component Services has Signed a Seven Year Landing Gear Maintenance Support Agreement With Republic Airways Holdings, Inc.; the Total Value of the Agreement may Reach up to $45 Million
39m ago Zima selection criteria flawed
41m ago VOLVO : $38,953 Federal Contract Awarded to Tri-State Truck & Equipment
41m ago ISSC TECHNOLOGIES : MILITARY $201,283 Federal Contract Awarded toM.C. Dean
41m ago CISCO SYSTEMS : $212,450 Federal Contract Awarded to Red River Computer
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Swiss begin bankruptcy proceedings against Espirito Santo private bank
DIXONS CARPHONE : Phones 4U says Vodafone will take 140 of its stores
ALIBABA : CORRECTING and REPLACING Alibaba Group Announces Pricing of Initial Public Offering
EREDENE CAPITAL : Sells Aboyne To Brick Eagle For GBP3 Million
ITT EDUCATIONAL SERVICES : Entry into a Material Definitive Agreement, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
Most Read News
1d ago FORD MOTOR : Engines for Sale Now Include Lower Priced Ford and Chevy Blocks at Parts Retailer Website
1d ago SCHERZER : Shields outpitched by Scherzer, Royals fall to Tigers in AL Central matchup
1d ago ALERE : Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Alere Inc. Stockholders
1d ago SRT® Motorsports Earns Three Wins and Pair of Podium One-Two Finishes in Banner Weekend
1h ago ROYAL BANK OF SCOTLAND : Relief over Scotland gives way to 'Great Stagnation' worries
Most recommended articles
1h ago Julius Baer eyes Coutts international arm, wary of bidding war
1h ago French and German visions for Europe to clash in Berlin
1h ago ROYAL BANK OF SCOTLAND : Relief over Scotland gives way to 'Great Stagnation' worries
2h agoDJMARKET SNAPSHOT : Stronger Dollar Could Put Squeeze On Earnings
3h ago SOFTBANK : estimates $4.6 billion gain from Alibaba listing
Dynamic quotes  
ON
| OFF