8th August, 2011 Closing Market Updates 15:40
The markets closed extremely weak today and all sectoral indices closed in the red. The Sensex closed at 17015 (provisional), down 291 points from its previous close, and the Nifty closed at 5118 (provisional), down 93 points. The CNX Midcap index was down 1.3% and theBSE Smallcap index lost 2.3%. The market breadth was negative with advances at 253 against declines of 1085 on the NSE.
In Nifty50 stocks, AMBUJACEM was the top gainer by 2.01% and ended at 124.35. DLF was the top loser by 7.11% decline and ended at 195.30.Global Markets Update
US markets: US credit rating downgraded to AA+, further downgrade an impending Danger On the 6th of August 2011, the US S&P downgraded the longtime US credit rating of AAA to AA+. Also, further downgrade seems to be on the cards, possibly within the next two years based on rigidity of spending reductions by the US government. The cost of capital post downgrade also seems to be a legitimate concern for the US economy.
US markets ended its worst week in two years post a volatile trading session which saw markets open positively on better than expected US unemployment report but ended the trading session with slim losses.
The Dow closed positive slightly positive with a gain of 0.54% while the NASDAQ and S&P indices incurred marginal losses of 0.94% and 0.06%. Dow Futures are currently trading at 11,177.00 level with a loss of 241 pts.
Euro Markets: Euro see’s market correction amid Spain and Italy crisis and US Debt situation.
Euro markets saw a terrible last week where countless investors withdrew from the markets in lieu of a panic selling situation brought on by Spain and Italy crisis and US economic slowdown. Markets opened slightly negative but as the trading session progressed, losses ensued causing the markets to close deeply negative.
The FTSE, DAX and CAC all witnessed losses of 2.71%, 2.78% and 1.26% respectively.
Asian Markets: A poor sentiment hammer Asian stock to year’s low. Asian markets are trading negatively post uncertainty in the US and Euro market sentiments from the previous week and growing concerns of economic slowdown in Europe and the US.
Asian indices are down with the Nikkei, Hang Seng and Straits Times all down to levels of 9172.00, 20397.85 and 2919.76 with losses of 1.38%, 2.60% and 2.48% respectively. SGX nifty is currently trading at 5129.50 with a loss of 90.5 pts from its previous close.
Major Global Indices :
Hang Seng : -455.57
Nikkei : -202.32
FTSE : -79.28
CAC : -61.59
DAX : -142.28
Dow Futures : -253.00
Nasdaq Futures : -56.50
In Nifty50 stocks, AMBUJACEM was the top gainer by 2.01% and ended at 124.35. DLF was the top loser by 7.11% decline and ended at 195.30.Global Markets Update
US markets: US credit rating downgraded to AA+, further downgrade an impending Danger On the 6th of August 2011, the US S&P downgraded the longtime US credit rating of AAA to AA+. Also, further downgrade seems to be on the cards, possibly within the next two years based on rigidity of spending reductions by the US government. The cost of capital post downgrade also seems to be a legitimate concern for the US economy.
US markets ended its worst week in two years post a volatile trading session which saw markets open positively on better than expected US unemployment report but ended the trading session with slim losses.
The Dow closed positive slightly positive with a gain of 0.54% while the NASDAQ and S&P indices incurred marginal losses of 0.94% and 0.06%. Dow Futures are currently trading at 11,177.00 level with a loss of 241 pts.
Euro Markets: Euro see’s market correction amid Spain and Italy crisis and US Debt situation.
Euro markets saw a terrible last week where countless investors withdrew from the markets in lieu of a panic selling situation brought on by Spain and Italy crisis and US economic slowdown. Markets opened slightly negative but as the trading session progressed, losses ensued causing the markets to close deeply negative.
The FTSE, DAX and CAC all witnessed losses of 2.71%, 2.78% and 1.26% respectively.
Asian Markets: A poor sentiment hammer Asian stock to year’s low. Asian markets are trading negatively post uncertainty in the US and Euro market sentiments from the previous week and growing concerns of economic slowdown in Europe and the US.
Asian indices are down with the Nikkei, Hang Seng and Straits Times all down to levels of 9172.00, 20397.85 and 2919.76 with losses of 1.38%, 2.60% and 2.48% respectively. SGX nifty is currently trading at 5129.50 with a loss of 90.5 pts from its previous close.
Major Global Indices :
Hang Seng : -455.57
Nikkei : -202.32
FTSE : -79.28
CAC : -61.59
DAX : -142.28
Dow Futures : -253.00
Nasdaq Futures : -56.50
No comments:
Post a Comment