INDIAN BENCHMARKS declined for second consecutive week, as traders refrained from building positions ahead of an extended holiday period, while foreign investor sales also weighed on sentiment. Investors thus opted for caution, given lingering global risk factors such as the continued civil unrest in Hong Kong and rising worries about earlier-than-expected U.S. rate hikes.
Non-banking financial companies (NBFCs) fell on worries the central bank may tighten norms for bad loans. The Reserve Bank of India on Tuesday said changes in the NBFC regulatory framework would be introduced by end of this month.
The INDIAN BENCHMARKS SENSEX ended 62 point down at 26567 and the 50-share NIFTY closed 19 point down at 7945.
GLOBAL MARKET CHASE
ASIAN STOCKS fell despite a stable U.S. showing following concerns about the Ebola virus spreading wider as poor services data out of China.
U.S. STOCKS posted its best day since August on Friday following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy.
EUROPEAN STOCKS were higher, as equity markets recovered from the European Central Bank's policy statement on Thursday.
WEEK AHEAD
In the coming week, Earnings will become a key focus for share market Infosys kicks off July- September earnings season on Oct. 10.Impact on foreign flows from global markets will also be key. Indian markets will be shut until Monday, with trading to resume on Tuesday.
A rally in the dollar on expectations of early U.S. rate hikes has hit the rupee and emerging market currencies. U.S. Fed to release minutes for its Sept. 16-17 meeting on Wednesday.
Foreign investors sold shares worth 4.86 billion rupees ($78.7million) on Tuesday, markingtheir five session of sales out of past six. Falling oil prices could also be a factor for debt markets.
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Non-banking financial companies (NBFCs) fell on worries the central bank may tighten norms for bad loans. The Reserve Bank of India on Tuesday said changes in the NBFC regulatory framework would be introduced by end of this month.
The INDIAN BENCHMARKS SENSEX ended 62 point down at 26567 and the 50-share NIFTY closed 19 point down at 7945.
GLOBAL MARKET CHASE
ASIAN STOCKS fell despite a stable U.S. showing following concerns about the Ebola virus spreading wider as poor services data out of China.
U.S. STOCKS posted its best day since August on Friday following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy.
EUROPEAN STOCKS were higher, as equity markets recovered from the European Central Bank's policy statement on Thursday.
WEEK AHEAD
In the coming week, Earnings will become a key focus for share market Infosys kicks off July- September earnings season on Oct. 10.Impact on foreign flows from global markets will also be key. Indian markets will be shut until Monday, with trading to resume on Tuesday.
A rally in the dollar on expectations of early U.S. rate hikes has hit the rupee and emerging market currencies. U.S. Fed to release minutes for its Sept. 16-17 meeting on Wednesday.
Foreign investors sold shares worth 4.86 billion rupees ($78.7million) on Tuesday, markingtheir five session of sales out of past six. Falling oil prices could also be a factor for debt markets.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
