Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Markets

News : Markets

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 04:46am CEST

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. ([email protected])

 
Contact us in Singapore. 65 64154 140; [email protected] 
 
 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Markets"
04/21MARKET SNAPSHOT : Stock-market Investors Are Freaking Out About The Bond Market--but Should They Be?
DJ
04/21MARKET SNAPSHOT : The Stock Market Is Freaking Out About The Bond Market--but Should It Be?
DJ
04/21MARKET SNAPSHOT : The Stock Market Is Freaking Out Up About The Bond Market--but Should It Be?
DJ
04/21MARKET SNAPSHOT : The Stock Market Is Freaking Out Up About The Bond Market--but Should It Be?
DJ
04/20U.S. yield hits four-year high; stocks fall on tech sector
RE
04/20U.S. yield hits four-year high; stocks fall on tech sector
RE
04/20U.S. yield hits four-year high; stocks fall on tech sector
RE
04/20TSX rises, led by financials and Rogers Communications
RE
04/20MARKET SNAPSHOT : Stocks End Lower But Eke Out Weekly Gains
DJ
04/20ADRs End Slightly Lower; LG, Ericsson and China Life Trade Actively
DJ
Latest news "Markets"
Advertisement