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Sensex sheds 382 point over profit booking, crude oil prices

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Mumbai, Oct 17: Profit booking, along with a slight rise in global crude oil prices and depreciation in the Indian rupee, pulled the key Indian equity indices lower on Wednesday after three consecutive days of gains.

Sector-wise, except for IT and FMCG stocks, all others witnessed heavy selling pressure led by auto, finance and banking counters.

Index-wise, the benchmark S&P BSE Sensex settled at 34,779.58 points, down 382.90 points or 1.09 per cent.

The NSE Nifty closed at 10,453.05 points, down 131.70 points, or 1.24 per cent.

The volatility during the trade session can be gauged by the 878.27 points swing in Sensex from an intra-day high of 35,605.43 points and a low of 34,727.16.

IANS

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Key Indian equity market indices open in green

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Mumbai, Nov 22: The key Indian equity market indices on Thursday opened higher despite a muted trend in Asian markets.

The Sensitive Index (Sensex) of the BSE, which had closed at 35,199.80 points on Wednesday, opened higher at 35,282.33 points.

Minutes into trading, it was quoting at 35,287.07 points, up by 87.27 points, or 0.25 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,600.05 points on Wednesday, was quoting at 10,619.10 points, up by 19.05 points or 0.18 per cent.

India’s benchmark indices had fallen for a second straight day on Wednesday, tailing global peers and led by a slump in software exporters.

The Sensex was down by 274.71 points or 0.77 per cent at the Wednesday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 35,494.25 points and a low of 35,112.49 points. The Nifty, too was down by 56.15 points or 0.53 per cent.

On Thursday, Asian indices were mostly showing a muted trend. Japan’s Nikkei 225 was quoting in green, up by 0.16 per cent while Hang Seng was down by 0.15 per cent, South Korea’s Kospi was down by 0.38 per cent. China’s Shanghai Composite index was trading in red, down by 0.27 per cent.

Overnight, Nasdaq closed in green, up by 0.91 per cent while FTSE 100 was also up by 1.45 percent at the closing on Wednesday.

IANS

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Sensex down 220 points, Nifty at 10,605

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Mumbai, Nov 21: The benchmark equity index S&P BSE Sensex traded over 220 points lower on Wednesday afternoon after a sell-off in the US market. But further loss were restricted as crude oil prices declined further and stocks of key sectors held on to the gains.

The Asian markets were mixed post a heavy sell-off in the US markets.

Heavy selling pressure was witnessed in the IT counters which fell over 3 per cent followed by Teck (technology, entertainment and media) and energy stocks.

However, the index pivotals — finance and banking — traded in the green.

At 2.10 p.m., the S&P BSE Sensex traded 223.48 points lower at 35,251.03 from its previous close of 35,474.51.

The benchmark index touched a high of 35,494.25 and a low of 35,112.49 while NSE’s Nifty was trading 50.90 points lower at 10,605.30.

“The prices of crude oil is falling as inventories rose last week. Currently, US inventories are at its highest level since 2015. Additionally, the prices are affected because of the global slow down which impacts demand,” Anuj Gupta, Deputy Vice President – Research – Commodities and Forex, Angel Broking, told IANS.

“The Brent Crude is trading at $63.20 per barrel and is expected to decline further.”

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Infosys to create 1,200 jobs in Australia by 2020

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Bengaluru, Nov 21: Software major Infosys on Thursday said it will be creating 1,200 jobs and opening three innovation hubs in Australia by 2020 to reduce the digital skills gap.

“We are creating 1,200 new skilled jobs for graduates and professionals and opening three innovation hubs by 2020 to accelerate digital leadership for our clients in Australia,” said the city-based IT behemoth in a statement here.

To meet Australia’s growing demand for digital expertise, the $11-billion Indian firm also formed an education ecosystem for providing learning opportunities.

“Of the 1,200 jobs, 40 per cent will be Australian university graduates from computer science and design. Academic partnerships will be strengthened to attract top graduate talent and ramp up skill building in the country,” the statement said.

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